Connor Clark & Lunn Investment Management Ltd. Raises Position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 30.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,649 shares of the asset manager’s stock after purchasing an additional 3,446 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of Silvercrest Asset Management Group worth $253,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. First Personal Financial Services boosted its holdings in Silvercrest Asset Management Group by 50.0% in the second quarter. First Personal Financial Services now owns 6,000 shares of the asset manager’s stock valued at $94,000 after acquiring an additional 2,000 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Silvercrest Asset Management Group by 15.7% in the 2nd quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager’s stock valued at $237,000 after purchasing an additional 2,072 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Silvercrest Asset Management Group during the 2nd quarter worth about $270,000. Koss Olinger Consulting LLC purchased a new position in Silvercrest Asset Management Group in the second quarter valued at approximately $457,000. Finally, Bank of New York Mellon Corp lifted its position in Silvercrest Asset Management Group by 17.0% during the second quarter. Bank of New York Mellon Corp now owns 47,454 shares of the asset manager’s stock valued at $740,000 after buying an additional 6,910 shares in the last quarter. 47.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

Silvercrest Asset Management Group Trading Down 0.4 %

Shares of SAMG opened at $18.34 on Monday. Silvercrest Asset Management Group Inc. has a 52 week low of $13.93 and a 52 week high of $18.77. The firm has a market cap of $254.19 million, a price-to-earnings ratio of 22.93 and a beta of 0.83. The stock has a 50 day moving average of $17.47 and a 200-day moving average of $16.37.

Silvercrest Asset Management Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Friday, December 13th. Silvercrest Asset Management Group’s payout ratio is 100.00%.

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.