Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) was downgraded by investment analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday.
Silvercrest Asset Management Group Stock Up 4.3 %
Shares of SAMG stock traded up $0.63 during trading on Friday, reaching $15.41. 150,311 shares of the company's stock were exchanged, compared to its average volume of 29,695. The firm's fifty day moving average price is $17.26 and its 200-day moving average price is $17.62. Silvercrest Asset Management Group has a twelve month low of $13.93 and a twelve month high of $19.20. The stock has a market capitalization of $210.10 million, a PE ratio of 19.26 and a beta of 0.80.
Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last issued 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 company had revenue of $31.96 million during the quarter, compared to the consensus estimate of $31.97 million. Silvercrest Asset Management Group had a net margin of 6.24% and a return on equity of 11.40%.
Institutional Trading of Silvercrest Asset Management Group
Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its stake in shares of Silvercrest Asset Management Group by 55.6% in the third quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager's stock valued at $345,000 after acquiring an additional 7,155 shares in the last quarter. Barclays PLC grew its position in shares of Silvercrest Asset Management Group by 48.8% during the 3rd quarter. Barclays PLC now owns 30,814 shares of the asset manager's stock worth $531,000 after purchasing an additional 10,110 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Silvercrest Asset Management Group by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 223,418 shares of the asset manager's stock worth $3,852,000 after purchasing an additional 10,477 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Silvercrest Asset Management Group by 80.8% during 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 period. Finally, R Squared Ltd acquired a new stake in shares of Silvercrest Asset Management Group in the fourth quarter valued at approximately $122,000. 47.59% of the stock is currently owned by institutional investors.
Silvercrest Asset Management Group Company Profile
(
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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