JPMorgan Chase & Co. Buys 9,209 Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

JPMorgan Chase & Co. boosted its position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 80.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,605 shares of the asset manager’s stock after purchasing an additional 9,209 shares during the quarter. JPMorgan Chase & Co. owned about 0.15% of Silvercrest Asset Management Group worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SAMG. Connor Clark & Lunn Investment Management Ltd. lifted its stake in 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 acquiring an additional 3,446 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Silvercrest Asset Management Group in the second quarter worth about $270,000. Jane Street Group LLC increased its holdings 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 boosted its stake in Silvercrest Asset Management Group by 111.2% during the third 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 period. Finally, Barclays PLC grew its holdings in Silvercrest Asset Management Group by 48.8% during the 3rd quarter. Barclays PLC now owns 30,814 shares of the asset manager’s stock valued at $531,000 after purchasing an additional 10,110 shares during the last quarter. Institutional investors own 47.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of 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 Stock Up 1.9 %

NASDAQ SAMG opened at $18.72 on Thursday. The firm has a market cap of $259.55 million, a PE ratio of 23.40 and a beta of 0.82. The business’s fifty day simple moving average is $18.17 and its 200-day simple moving average is $17.21. 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 company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 14th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.27%. Silvercrest Asset Management Group’s dividend payout ratio is currently 100.00%.

Silvercrest Asset Management Group 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.