Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) posted its quarterly earnings data on Thursday. The asset manager reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.13), Zacks reports. The company had revenue of $31.96 million for 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 Stock Performance
Shares of Silvercrest Asset Management Group stock traded up $0.40 during midday trading on Monday, hitting $17.59. The company had a trading volume of 35,718 shares, compared to its average volume of 25,412. Silvercrest Asset Management Group has a 52-week low of $13.93 and a 52-week high of $19.20. The company has a 50 day moving average of $18.19 and a 200 day moving average of $17.61. The stock has a market capitalization of $243.89 million, a P/E ratio of 21.99 and a beta of 0.84.
Silvercrest Asset Management Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 14th will be issued a $0.20 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 4.55%. Silvercrest Asset Management Group's dividend payout ratio (DPR) is 79.21%.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Silvercrest Asset Management Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th.
Check Out Our Latest Research Report on SAMG
About Silvercrest Asset Management Group
(
Get 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 Articles
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
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
