Rothschild Wealth LLC Takes Position in Silvercrest Asset Management Group Inc. $SAMG

Rothschild Wealth LLC acquired a new stake in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 128,398 shares of the asset manager’s stock, valued at approximately $1,950,000. Rothschild Wealth LLC owned about 1.05% of Silvercrest Asset Management Group at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Clearstead Advisors LLC boosted its holdings in shares of Silvercrest Asset Management Group by 5.6% in the 4th quarter. Clearstead Advisors LLC now owns 23,991 shares of the asset manager’s stock valued at $364,000 after acquiring an additional 1,279 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Silvercrest Asset Management Group by 9.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,524 shares of the asset manager’s stock valued at $245,000 after acquiring an additional 1,315 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Silvercrest Asset Management Group by 28.2% in the 4th quarter. Wells Fargo & Company MN now owns 7,729 shares of the asset manager’s stock valued at $117,000 after acquiring an additional 1,702 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Silvercrest Asset Management Group by 17.3% in the 4th quarter. Ritholtz Wealth Management now owns 22,464 shares of the asset manager’s stock valued at $341,000 after acquiring an additional 3,320 shares during the last quarter. Finally, R Squared Ltd boosted its holdings in shares of Silvercrest Asset Management Group by 25.0% in the 4th quarter. R Squared Ltd now owns 26,947 shares of the asset manager’s stock valued at $409,000 after acquiring an additional 5,396 shares during the last quarter. 47.59% of the stock is owned by hedge funds and other institutional investors.

Silvercrest Asset Management Group Stock Performance

Shares of NASDAQ SAMG opened at $10.72 on Wednesday. The company’s fifty day moving average price is $12.37 and its 200 day moving average price is $13.97. Silvercrest Asset Management Group Inc. has a 1 year low of $10.54 and a 1 year high of $16.99. The company has a market capitalization of $127.01 million, a PE ratio of 35.73 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its quarterly earnings results on Monday, May 11th. The asset manager reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). Silvercrest Asset Management Group had a return on equity of 10.51% and a net margin of 2.12%.The firm had revenue of $31.41 million for the quarter, compared to analysts’ expectations of $31.85 million. On average, equities analysts expect that Silvercrest Asset Management Group Inc. will post 0.53 EPS for the current year.

Silvercrest Asset Management Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 12th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, June 12th. This represents a $0.84 dividend on an annualized basis and a yield of 7.8%. Silvercrest Asset Management Group’s dividend payout ratio is currently 280.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Weiss Ratings downgraded shares of Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th. Zacks Research downgraded shares of Silvercrest Asset Management Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Wall Street Zen downgraded shares of Silvercrest Asset Management Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc, headquartered in New York City, is an independent registered investment adviser that specializes in delivering customized wealth and asset management solutions for high-net-worth individuals, family offices and institutional clients. Founded in 2002 by senior professionals from leading financial institutions, Silvercrest has built its reputation on a disciplined, research-driven investment process and a commitment to personalized client service.

The firm’s core offerings include discretionary and non-discretionary portfolio management across equities, fixed income, hedge funds and alternative investments.