Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) released its quarterly earnings data on Thursday. The asset manager reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.13), Zacks reports. The business had revenue of $31.96 million during the quarter, compared to analysts' expectations of $31.97 million. Silvercrest Asset Management Group had a net margin of 6.24% and a return on equity of 11.40%.
Silvercrest Asset Management Group Price Performance
Shares of SAMG traded up $0.55 during midday trading on Monday, reaching $17.74. 18,194 shares of the stock were exchanged, compared to its average volume of 25,348. Silvercrest Asset Management Group has a twelve month low of $13.93 and a twelve month high of $19.20. The company has a market capitalization of $245.91 million, a price-to-earnings ratio of 22.26 and a beta of 0.84. The business's 50-day moving average price is $18.19 and its 200 day moving average price is $17.61.
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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Friday, March 14th. Silvercrest Asset Management Group's payout ratio is 79.21%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Silvercrest Asset Management Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th.
View Our Latest Report on Silvercrest Asset Management Group
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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