Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.03 and traded as high as $18.45. Silvercrest Asset Management Group shares last traded at $17.85, with a volume of 35,040 shares.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Silvercrest Asset Management Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 20th.
View Our Latest Report on Silvercrest Asset Management Group
Silvercrest Asset Management Group Stock Performance
The firm's 50-day simple moving average is $18.19 and its 200 day simple moving average is $17.03. The stock has a market capitalization of $249.34 million, a P/E ratio of 22.49 and a beta of 0.82.
Silvercrest Asset Management Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were given a dividend of $0.20 per share. The ex-dividend date was Friday, December 13th. This represents a $0.80 annualized dividend and a yield of 4.45%. Silvercrest Asset Management Group's dividend payout ratio (DPR) is presently 100.00%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers grew its stake in shares of Silvercrest Asset Management Group by 15.7% in the second quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager's stock valued at $237,000 after buying an additional 2,072 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Silvercrest Asset Management Group by 30.8% in the third 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 last quarter. Hsbc Holdings PLC bought a new position in shares of Silvercrest Asset Management Group in the 2nd quarter valued at about $270,000. Jane Street Group LLC grew its position in shares of Silvercrest Asset Management Group by 55.6% in the 3rd 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 during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Silvercrest Asset Management Group by 80.8% during the 3rd 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. Institutional investors and hedge funds 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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