Barclays PLC Buys 1,849 Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Barclays PLC raised its stake in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,663 shares of the asset manager’s stock after purchasing an additional 1,849 shares during the period. Barclays PLC owned 0.24% of Silvercrest Asset Management Group worth $601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SAMG. Diamond Hill Capital Management Inc. raised its holdings in shares of Silvercrest Asset Management Group by 1.4% during the 4th 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 in the last quarter. JPMorgan Chase & Co. increased its position in Silvercrest Asset Management Group by 72.7% in the fourth quarter. JPMorgan Chase & Co. now owns 35,583 shares of the asset manager’s stock worth $654,000 after purchasing an additional 14,978 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Silvercrest Asset Management Group by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 26,818 shares of the asset manager’s stock valued at $493,000 after purchasing an additional 1,857 shares in the last quarter. Martingale Asset Management L P lifted its position in Silvercrest Asset Management Group by 12.1% during the fourth quarter. Martingale Asset Management L P now owns 25,154 shares of the asset manager’s stock valued at $463,000 after purchasing an additional 2,707 shares during the last quarter. Finally, Jane Street Group LLC grew its stake 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 worth $345,000 after buying an additional 7,155 shares in the last quarter. Hedge funds and other institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Trading Up 0.1 %

Shares of SAMG opened at $15.83 on Thursday. The company’s fifty day simple moving average is $16.00 and its 200-day simple moving average is $17.37. The company has a market cap of $215.83 million, a P/E ratio of 19.79 and a beta of 0.84. Silvercrest Asset Management Group Inc. has a twelve month low of $14.26 and a twelve month high of $19.20.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings data on Thursday, March 6th. The asset manager reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.13). Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%. The firm had revenue of $31.96 million during the quarter, compared to analysts’ expectations of $31.97 million.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 13th.

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.