Silvercrest Asset Management Group’s (SAMG) Buy Rating Reaffirmed at Sandler O’Neill

Silvercrest Asset Management Group (NASDAQ:SAMG)‘s stock had its “buy” rating reaffirmed by equities researchers at Sandler O’Neill in a research report issued on Wednesday. They presently have a $18.00 price target on the asset manager’s stock. Sandler O’Neill’s price objective suggests a potential upside of 16.88% from the stock’s current price.

SAMG stock opened at $15.40 on Wednesday. Silvercrest Asset Management Group has a 1 year low of $11.85 and a 1 year high of $16.80. The company has a market capitalization of $205.94, a P/E ratio of 16.42 and a beta of 1.06.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings results on Friday, March 9th. The asset manager reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. Silvercrest Asset Management Group had a return on equity of 18.75% and a net margin of 5.84%. The company had revenue of $24.47 million for the quarter.



Several institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in shares of Silvercrest Asset Management Group by 12.8% during the 4th quarter. Bank of New York Mellon Corp now owns 36,210 shares of the asset manager’s stock worth $581,000 after purchasing an additional 4,098 shares during the period. BlackRock Inc. lifted its stake in shares of Silvercrest Asset Management Group by 1.9% during the 4th quarter. BlackRock Inc. now owns 344,321 shares of the asset manager’s stock worth $5,526,000 after purchasing an additional 6,419 shares during the period. Cadence Capital Management LLC lifted its stake in shares of Silvercrest Asset Management Group by 6.7% during the 4th quarter. Cadence Capital Management LLC now owns 110,158 shares of the asset manager’s stock worth $1,768,000 after purchasing an additional 6,947 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Silvercrest Asset Management Group by 14.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 66,688 shares of the asset manager’s stock worth $970,000 after purchasing an additional 8,316 shares during the period. Finally, State Street Corp lifted its stake in shares of Silvercrest Asset Management Group by 13.1% during the 2nd quarter. State Street Corp now owns 80,820 shares of the asset manager’s stock worth $1,086,000 after purchasing an additional 9,354 shares during the period. 46.48% of the stock is currently owned by institutional investors.

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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.

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