Bank of New York Mellon Corp cut its holdings in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Free Report) by 42.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,941 shares of the asset manager's stock after selling 17,588 shares during the period. Bank of New York Mellon Corp owned about 0.17% of Silvercrest Asset Management Group worth $440,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. R Squared Ltd bought a new position in Silvercrest Asset Management Group in the 4th quarter valued at $122,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Silvercrest Asset Management Group by 30.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,649 shares of the asset manager's stock valued at $253,000 after buying an additional 3,446 shares during the period. Jane Street Group LLC grew its position in Silvercrest Asset Management Group by 55.6% during the third quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager's stock valued at $345,000 after buying an additional 7,155 shares during the period. JPMorgan Chase & Co. raised its position in Silvercrest Asset Management Group by 80.8% in the third quarter. JPMorgan Chase & Co. now owns 20,605 shares of the asset manager's stock worth $355,000 after acquiring an additional 9,209 shares during the period. Finally, Martingale Asset Management L P raised its position in Silvercrest Asset Management Group by 111.2% in the third quarter. Martingale Asset Management L P now owns 22,447 shares of the asset manager's stock worth $387,000 after acquiring an additional 11,818 shares during the period. 47.59% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Silvercrest Asset Management Group from a "buy" rating to a "strong-buy" rating in a research note on Friday.
Read Our Latest Analysis on Silvercrest Asset Management Group
Silvercrest Asset Management Group Stock Performance
NASDAQ:SAMG traded down $0.11 during trading hours on Monday, reaching $16.36. The stock had a trading volume of 43,529 shares, compared to its average volume of 27,461. The stock has a market cap of $223.05 million, a P/E ratio of 20.45 and a beta of 0.84. The stock has a 50 day simple moving average of $17.75 and a 200 day simple moving average of $17.70. Silvercrest Asset Management Group Inc. has a 12-month low of $13.93 and a 12-month high of $19.20.
Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The asset manager reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.13). The firm had revenue of $31.96 million during the quarter, compared to analysts' expectations of $31.97 million. Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%.
Silvercrest Asset Management Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 14th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend was Friday, March 14th. Silvercrest Asset Management Group's payout ratio is currently 79.21%.
Silvercrest Asset Management Group Company Profile
(
Free Report)
Silvercrest Asset Management Group Inc, a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors.
Featured Stories

Before you consider Silvercrest Asset Management Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silvercrest Asset Management Group wasn't on the list.
While Silvercrest Asset Management Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.