Charles Schwab Investment Management Inc. Boosts Stock Position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Charles Schwab Investment Management Inc. increased its stake in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,818 shares of the asset manager’s stock after purchasing an additional 1,857 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.19% of Silvercrest Asset Management Group worth $493,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings 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 buying an additional 3,446 shares in the last quarter. R Squared Ltd bought a new position in shares of Silvercrest Asset Management Group in the fourth quarter valued at approximately $122,000. Jane Street Group LLC grew its stake in Silvercrest Asset Management Group by 55.6% during the third quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager’s stock valued at $345,000 after acquiring an additional 7,155 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Silvercrest Asset Management Group by 80.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,605 shares of the asset manager’s stock worth $355,000 after acquiring an additional 9,209 shares during the period. Finally, Barclays PLC lifted its stake in Silvercrest Asset Management Group by 48.8% in the 3rd quarter. Barclays PLC now owns 30,814 shares of the asset manager’s stock worth $531,000 after purchasing an additional 10,110 shares in the last quarter. 47.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Silvercrest Asset Management Group Stock Down 0.7 %

Silvercrest Asset Management Group stock opened at $16.36 on Tuesday. The stock has a market cap of $223.05 million, a price-to-earnings ratio of 20.45 and a beta of 0.84. The business has a 50-day simple moving average of $17.75 and a 200 day simple moving average of $17.70. 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 (NASDAQ:SAMG) last posted its quarterly earnings data on Thursday, March 6th. The asset manager reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.13). Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%. The company had revenue of $31.96 million during the quarter, compared to the consensus estimate of $31.97 million.

Silvercrest Asset Management Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 14th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend was Friday, March 14th. Silvercrest Asset Management Group’s dividend payout ratio is currently 79.21%.

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.