Strs Ohio Cuts Stock Holdings in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Strs Ohio lessened its stake in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,800 shares of the asset manager’s stock after selling 1,700 shares during the period. Strs Ohio’s holdings in Silvercrest Asset Management Group were worth $319,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Citigroup Inc. raised its holdings in Silvercrest Asset Management Group by 125.9% during the 3rd quarter. Citigroup Inc. now owns 27,942 shares of the asset manager’s stock valued at $443,000 after buying an additional 15,571 shares during the last quarter. Ancora Advisors LLC grew its stake in shares of Silvercrest Asset Management Group by 5.7% in the third quarter. Ancora Advisors LLC now owns 129,473 shares of the asset manager’s stock worth $2,055,000 after purchasing an additional 6,949 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in Silvercrest Asset Management Group by 3,574.1% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 135,023 shares of the asset manager’s stock valued at $2,143,000 after purchasing an additional 131,348 shares during the period. Gabelli Funds LLC bought a new position in Silvercrest Asset Management Group during the 3rd quarter valued at approximately $167,000. Finally, Barclays PLC lifted its holdings in Silvercrest Asset Management Group by 8.1% in the 3rd quarter. Barclays PLC now owns 13,822 shares of the asset manager’s stock worth $219,000 after buying an additional 1,033 shares during the period. 47.59% of the stock is currently owned by hedge funds and other institutional investors.

Silvercrest Asset Management Group Price Performance

Shares of SAMG opened at $15.10 on Tuesday. The company has a 50-day simple moving average of $15.50 and a two-hundred day simple moving average of $16.25. The firm has a market capitalization of $210.04 million, a PE ratio of 15.73 and a beta of 0.85. Silvercrest Asset Management Group Inc. has a one year low of $13.93 and a one year high of $23.20.

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. Silvercrest Asset Management Group had a return on equity of 13.10% and a net margin of 7.75%. The company had revenue of $28.54 million during the quarter. 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend was Thursday, March 7th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 79.17%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SAMG shares. Singular Research reissued a “buy” rating on shares of Silvercrest Asset Management Group in a research note on Monday, March 18th. StockNews.com raised shares of Silvercrest Asset Management Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 16th.

About Silvercrest Asset Management Group

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.