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 research report issued on Wednesday.
Silvercrest Asset Management Group Stock Down 1.4 %
Shares of Silvercrest Asset Management Group stock traded down $0.25 during mid-day trading on Wednesday, hitting $17.95. The stock had a trading volume of 11,738 shares, compared to its average volume of 26,268. The firm has a market cap of $248.79 million, a P/E ratio of 22.53 and a beta of 0.83. Silvercrest Asset Management Group has a 12-month low of $13.93 and a 12-month high of $18.77. The firm has a 50-day moving average of $17.19 and a two-hundred day moving average of $16.19.
Institutional Investors Weigh In On Silvercrest Asset Management Group
A number of hedge funds have recently added to or reduced their stakes in the company. First Personal Financial Services boosted its stake in shares of Silvercrest Asset Management Group by 50.0% during the 2nd quarter. First Personal Financial Services now owns 6,000 shares of the asset manager's stock valued at $94,000 after buying an additional 2,000 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Silvercrest Asset Management Group by 8.9% in the 1st quarter. BNP Paribas Financial Markets now owns 8,450 shares of the asset manager's stock worth $134,000 after buying an additional 692 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Silvercrest Asset Management Group by 15.7% in the 2nd quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager's stock valued at $237,000 after purchasing an additional 2,072 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Silvercrest Asset Management Group by 30.8% during 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 buying an additional 3,446 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in shares of Silvercrest Asset Management Group in the second quarter worth approximately $270,000. 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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