Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) was upgraded by investment analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a report released on Friday.
Silvercrest Asset Management Group Stock Down 0.7 %
Shares of NASDAQ SAMG traded down $0.11 during midday trading on Friday, reaching $16.36. The company had a trading volume of 43,529 shares, compared to its average volume of 27,461. The stock has a market cap of $223.05 million, a PE ratio of 20.45 and a beta of 0.84. Silvercrest Asset Management Group has a one year low of $13.93 and a one year high of $19.20. The firm's fifty day moving average price is $17.75 and its 200-day moving average price is $17.70.
Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last announced 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). Silvercrest Asset Management Group had a net margin of 6.24% and a return on equity of 11.40%. The company had revenue of $31.96 million during the quarter, compared to the consensus estimate of $31.97 million.
Institutional Trading of Silvercrest Asset Management Group
A number of institutional investors have recently modified their holdings of SAMG. Geode Capital Management LLC lifted its holdings in Silvercrest Asset Management Group by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 223,418 shares of the asset manager's stock worth $3,852,000 after buying an additional 10,477 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Silvercrest Asset Management Group by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 208,760 shares of the asset manager's stock valued at $3,839,000 after acquiring an additional 2,175 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in Silvercrest Asset Management Group by 1.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 125,695 shares of the asset manager's stock worth $2,312,000 after acquiring an additional 1,781 shares during the period. Northern Trust Corp boosted 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 valued at $1,422,000 after acquiring an additional 3,751 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in Silvercrest Asset Management Group during the 4th quarter valued at $1,197,000. 47.59% of the stock is currently owned by hedge funds and other 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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