Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Shares Bought by Barclays PLC

Barclays PLC raised its stake in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 48.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 30,814 shares of the asset manager’s stock after purchasing an additional 10,110 shares during the period. Barclays PLC owned 0.22% of Silvercrest Asset Management Group worth $531,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Geode Capital Management LLC lifted its stake in Silvercrest Asset Management Group by 4.9% during the third quarter. Geode Capital Management LLC now owns 223,418 shares of the asset manager’s stock worth $3,852,000 after purchasing an additional 10,477 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Silvercrest Asset Management Group by 55.6% in the 3rd quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager’s stock worth $345,000 after buying an additional 7,155 shares during the last quarter. Martingale Asset Management L P lifted its position in shares of Silvercrest Asset Management Group by 111.2% in the 3rd quarter. Martingale Asset Management L P now owns 22,447 shares of the asset manager’s stock worth $387,000 after buying an additional 11,818 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Silvercrest Asset Management Group by 30.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,649 shares of the asset manager’s stock valued at $253,000 after buying an additional 3,446 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of Silvercrest Asset Management Group by 6.6% during the 3rd quarter. Royce & Associates LP now owns 586,300 shares of the asset manager’s stock valued at $10,108,000 after buying an additional 36,063 shares during the last quarter. Institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Price Performance

NASDAQ:SAMG opened at $17.99 on Friday. The firm has a market capitalization of $249.34 million, a P/E ratio of 22.49 and a beta of 0.82. The business has a 50 day simple moving average of $18.19 and a 200 day simple moving average of $17.05. Silvercrest Asset Management Group Inc. has a 12-month low of $13.93 and a 12-month high of $19.20.

Silvercrest Asset Management Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.80 annualized dividend and a dividend yield of 4.45%. Silvercrest Asset Management Group’s dividend payout ratio is currently 100.00%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of 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.