Jane Street Group LLC Buys 7,155 Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Jane Street Group LLC increased its holdings in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 55.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,030 shares of the asset manager’s stock after purchasing an additional 7,155 shares during the quarter. Jane Street Group LLC owned 0.14% of Silvercrest Asset Management Group worth $345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Silvercrest Asset Management Group by 30.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,649 shares of the asset manager’s stock valued at $253,000 after acquiring an additional 3,446 shares during the period. Rhumbline Advisers lifted its holdings in Silvercrest Asset Management Group by 15.7% in the second quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager’s stock valued at $237,000 after acquiring an additional 2,072 shares during the period. Hsbc Holdings PLC bought a new position in Silvercrest Asset Management Group in the second quarter valued at about $270,000. Martingale Asset Management L P lifted its holdings in Silvercrest Asset Management Group by 111.2% in the third quarter. Martingale Asset Management L P now owns 22,447 shares of the asset manager’s stock valued at $387,000 after acquiring an additional 11,818 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Silvercrest Asset Management Group by 17.0% in 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 acquiring an additional 6,910 shares during the period. 47.59% of the stock is owned by institutional investors.

Silvercrest Asset Management Group Stock Up 0.3 %

Shares of SAMG opened at $18.20 on Thursday. The business has a 50-day simple moving average of $18.08 and a two-hundred day simple moving average of $16.92. The stock has a market cap of $252.34 million, a price-to-earnings ratio of 22.75 and a beta of 0.82. Silvercrest Asset Management Group Inc. has a 52 week low of $13.93 and a 52 week high of $19.20.

Silvercrest Asset Management Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date was Friday, December 13th. Silvercrest Asset Management Group’s payout ratio is 100.00%.

Wall Street Analyst Weigh In

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

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.