Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Thursday.
Silvercrest Asset Management Group Stock Performance
Shares of NASDAQ SAMG traded down $0.37 during mid-day trading on Thursday, hitting $16.28. 112,142 shares of the stock traded hands, compared to its average volume of 25,513. The stock has a fifty day moving average price of $17.93 and a 200-day moving average price of $17.67. The company has a market cap of $221.96 million, a price-to-earnings ratio of 20.35 and a beta of 0.84. Silvercrest Asset Management Group has a 52 week low of $13.93 and a 52 week high of $19.20.
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 analysts' consensus estimates of $0.33 by ($0.13). Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%. The business had revenue of $31.96 million during the quarter, compared to analysts' expectations of $31.97 million.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in shares of Silvercrest Asset Management Group by 4.9% in the third quarter. Geode Capital Management LLC now owns 223,418 shares of the asset manager's stock worth $3,852,000 after acquiring an additional 10,477 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Silvercrest Asset Management Group by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 208,760 shares of the asset manager's stock worth $3,839,000 after purchasing an additional 2,175 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in Silvercrest Asset Management Group by 1.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 125,695 shares of the asset manager's stock valued at $2,312,000 after purchasing an additional 1,781 shares during the last quarter. Northern Trust Corp raised its holdings in Silvercrest Asset Management Group by 5.1% in the fourth quarter. Northern Trust Corp now owns 77,304 shares of the asset manager's stock worth $1,422,000 after buying an additional 3,751 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in shares of Silvercrest Asset Management Group in the fourth quarter worth approximately $1,197,000. Institutional investors own 47.59% of the company's stock.
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.
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