Bank of New York Mellon Corp Buys 6,910 Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Bank of New York Mellon Corp lifted its holdings in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 17.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,454 shares of the asset manager’s stock after buying an additional 6,910 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.34% of Silvercrest Asset Management Group worth $740,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SAMG. HM Payson & Co. boosted its stake in shares of Silvercrest Asset Management Group by 1,784.6% in the 1st quarter. HM Payson & Co. now owns 46,888 shares of the asset manager’s stock worth $741,000 after buying an additional 44,400 shares during the last quarter. Invenomic Capital Management LP grew its stake in shares of Silvercrest Asset Management Group by 23.4% in the 4th quarter. Invenomic Capital Management LP now owns 265,540 shares of the asset manager’s stock worth $4,514,000 after buying an additional 50,389 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Silvercrest Asset Management Group by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 522,136 shares of the asset manager’s stock worth $8,255,000 after buying an additional 4,756 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Silvercrest Asset Management Group during the 4th quarter valued at about $529,000. Finally, Virtu Financial LLC bought a new position in shares of Silvercrest Asset Management Group in the 4th quarter valued at about $185,000. 47.59% of the stock is currently owned by hedge funds and other institutional investors.

Silvercrest Asset Management Group Price Performance

Shares of NASDAQ SAMG opened at $16.50 on Monday. Silvercrest Asset Management Group Inc. has a 1-year low of $13.93 and a 1-year high of $18.13. The business’s 50 day moving average is $16.15 and its two-hundred day moving average is $15.53. The stock has a market capitalization of $229.52 million, a P/E ratio of 17.37 and a beta of 0.83.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its earnings results on Thursday, August 1st. The asset manager reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). Silvercrest Asset Management Group had a net margin of 7.09% and a return on equity of 12.46%. The firm had revenue of $30.99 million for the quarter, compared to the consensus estimate of $30.68 million. During the same period last year, the firm earned $0.34 earnings per share. As a group, equities research analysts anticipate that Silvercrest Asset Management Group Inc. will post 1.54 earnings per share for the current fiscal year.

Silvercrest Asset Management Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 13th were issued a $0.20 dividend. This is a boost from Silvercrest Asset Management Group’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, September 13th. This represents a $0.80 dividend on an annualized basis and a yield of 4.85%. Silvercrest Asset Management Group’s dividend payout ratio is presently 84.21%.

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.