HM Payson & Co. Has $741,000 Position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

HM Payson & Co. increased its position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 1,784.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,888 shares of the asset manager’s stock after buying an additional 44,400 shares during the quarter. HM Payson & Co. owned 0.34% of Silvercrest Asset Management Group worth $741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Personal Financial Services bought a new stake in Silvercrest Asset Management Group in the first quarter valued at approximately $63,000. BNP Paribas Financial Markets boosted its holdings in Silvercrest Asset Management Group by 8.9% in the first quarter. BNP Paribas Financial Markets now owns 8,450 shares of the asset manager’s stock valued at $134,000 after acquiring an additional 692 shares during the last quarter. Heron Bay Capital Management bought a new stake in Silvercrest Asset Management Group in the first quarter valued at approximately $162,000. Virtu Financial LLC bought a new stake in Silvercrest Asset Management Group in the fourth quarter valued at approximately $185,000. Finally, Quadrature Capital Ltd bought a new stake in Silvercrest Asset Management Group in the fourth quarter valued at approximately $529,000. Institutional investors and hedge funds own 47.59% of the company’s stock.

Silvercrest Asset Management Group Trading Down 5.7 %

SAMG stock traded down $0.97 during trading on Friday, hitting $16.12. The company had a trading volume of 20,700 shares, compared to its average volume of 40,086. The business has a 50-day moving average of $15.81 and a 200-day moving average of $15.74. Silvercrest Asset Management Group Inc. has a one year low of $13.93 and a one year high of $20.50. The stock has a market cap of $224.23 million, a PE ratio of 16.97 and a beta of 0.85.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings results on Thursday, August 1st. The asset manager reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). The business had revenue of $30.99 million for the quarter, compared to the consensus estimate of $30.68 million. Silvercrest Asset Management Group had a return on equity of 12.48% and a net margin of 7.09%. During the same quarter in the previous year, the company posted $0.34 earnings per share. Research analysts forecast that Silvercrest Asset Management Group Inc. will post 1.54 EPS for the current year.

Silvercrest Asset Management Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.96%. This is a boost from Silvercrest Asset Management Group’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, September 13th. Silvercrest Asset Management Group’s dividend payout ratio is presently 80.00%.

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.