HM Payson & Co. Sells 26,700 Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

HM Payson & Co. lessened its holdings in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Free Report) by 55.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,488 shares of the asset manager's stock after selling 26,700 shares during the quarter. HM Payson & Co. owned approximately 0.16% of Silvercrest Asset Management Group worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of SAMG. R Squared Ltd bought a new stake in Silvercrest Asset Management Group in the fourth quarter worth $122,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Silvercrest Asset Management Group by 30.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,649 shares of the asset manager's stock valued at $253,000 after acquiring an additional 3,446 shares during the period. Jane Street Group LLC lifted its position in shares of 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 last quarter. JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 9,209 shares during the last quarter. Finally, Martingale Asset Management L P raised its stake 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 valued at $387,000 after buying an additional 11,818 shares during the last quarter. 47.59% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Silvercrest Asset Management Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday.

Silvercrest Asset Management Group Trading Down 1.6 %

NASDAQ:SAMG traded down $0.27 during trading hours on Thursday, hitting $16.83. The company had a trading volume of 13,936 shares, compared to its average volume of 25,276. Silvercrest Asset Management Group Inc. has a 1 year low of $13.93 and a 1 year high of $19.20. The company has a market cap of $233.35 million, a P/E ratio of 21.04 and a beta of 0.84. The company has a 50-day moving average of $18.13 and a 200 day moving average of $17.64.

Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last released its earnings results 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). Silvercrest Asset Management Group had a net margin of 6.24% and a return on equity of 11.40%. The firm had revenue of $31.96 million during the quarter, compared to analyst estimates of $31.97 million.

Silvercrest Asset Management Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 14th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, March 14th. Silvercrest Asset Management Group's dividend payout ratio (DPR) is currently 79.21%.

Silvercrest Asset Management Group Profile

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.