Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Crosses Below Two Hundred Day Moving Average of $16.31

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.31 and traded as low as $14.12. Silvercrest Asset Management Group shares last traded at $14.62, with a volume of 19,639 shares changing hands.

Wall Street Analysts Forecast Growth

SAMG has been the topic of several recent research reports. Singular Research reiterated a “buy” rating on shares of Silvercrest Asset Management Group in a research report on Monday, March 18th. StockNews.com upgraded Silvercrest Asset Management Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 16th.

Silvercrest Asset Management Group Trading Up 3.4 %

The company has a market cap of $203.36 million, a PE ratio of 15.23 and a beta of 0.85. The stock has a 50 day moving average price of $15.71 and a 200 day moving average price of $16.31.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its earnings results on Thursday, March 7th. The asset manager reported $0.07 EPS for the quarter. The company had revenue of $28.54 million during the quarter. Silvercrest Asset Management Group had a return on equity of 13.10% and a net margin of 7.75%. Equities analysts expect that Silvercrest Asset Management Group Inc. will post 1.54 EPS for the current fiscal year.

Silvercrest Asset Management Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 8th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date was Thursday, March 7th. Silvercrest Asset Management Group’s payout ratio is 79.17%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of Silvercrest Asset Management Group by 140.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,376 shares of the asset manager’s stock worth $28,000 after purchasing an additional 804 shares in the last quarter. West Tower Group LLC bought a new stake in shares of Silvercrest Asset Management Group in the 4th quarter worth $39,000. BNP Paribas Arbitrage SA increased its holdings in shares of Silvercrest Asset Management Group by 2,221.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,321 shares of the asset manager’s stock worth $38,000 after purchasing an additional 2,221 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Silvercrest Asset Management Group by 122.0% in the 4th quarter. Citigroup Inc. now owns 3,417 shares of the asset manager’s stock worth $64,000 after purchasing an additional 1,878 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Silvercrest Asset Management Group by 114.6% in the 2nd quarter. Wells Fargo & Company MN now owns 3,976 shares of the asset manager’s stock worth $81,000 after purchasing an additional 2,123 shares in the last quarter. Hedge funds and other institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Company Profile

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.