Boston Partners Purchases 122,754 Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Boston Partners grew its stake in Silvercrest Asset Management Group Inc. (NASDAQ:SAMGGet Rating) by 27.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 569,095 shares of the asset manager’s stock after purchasing an additional 122,754 shares during the quarter. Boston Partners owned about 3.94% of Silvercrest Asset Management Group worth $9,772,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in Silvercrest Asset Management Group by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 154,231 shares of the asset manager’s stock worth $2,403,000 after purchasing an additional 6,291 shares in the last quarter. BlackRock Inc. raised its holdings in Silvercrest Asset Management Group by 48.0% in the 3rd quarter. BlackRock Inc. now owns 97,306 shares of the asset manager’s stock worth $1,516,000 after purchasing an additional 31,571 shares in the last quarter. Geode Capital Management LLC raised its holdings in Silvercrest Asset Management Group by 8.4% in the 3rd quarter. Geode Capital Management LLC now owns 79,343 shares of the asset manager’s stock worth $1,236,000 after purchasing an additional 6,152 shares in the last quarter. Two Sigma Advisers LP bought a new position in Silvercrest Asset Management Group in the 3rd quarter worth $564,000. Finally, Bank of New York Mellon Corp raised its holdings in Silvercrest Asset Management Group by 4.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 35,887 shares of the asset manager’s stock worth $559,000 after purchasing an additional 1,513 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Several research analysts recently issued reports on SAMG shares. StockNews.com started coverage on shares of Silvercrest Asset Management Group in a research note on Thursday, March 31st. They issued a “strong-buy” rating for the company. Zacks Investment Research lowered shares of Silvercrest Asset Management Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 9th.

SAMG stock traded up $0.16 during trading on Monday, hitting $21.44. 3 shares of the stock traded hands, compared to its average volume of 27,297. Silvercrest Asset Management Group Inc. has a 1 year low of $13.17 and a 1 year high of $22.40. The stock has a 50 day simple moving average of $18.87. The stock has a market capitalization of $310.09 million, a PE ratio of 14.00 and a beta of 0.75.

Silvercrest Asset Management Group (NASDAQ:SAMGGet Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The asset manager reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.21. Silvercrest Asset Management Group had a net margin of 11.16% and a return on equity of 25.71%. The company had revenue of $33.80 million for the quarter, compared to the consensus estimate of $34.52 million. During the same period in the prior year, the firm posted $0.31 EPS. As a group, research analysts predict that Silvercrest Asset Management Group Inc. will post 1.91 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Friday, March 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Thursday, March 10th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 44.74%.

Silvercrest Asset Management Group Profile (Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Silvercrest Asset Management Group (NASDAQ:SAMG)

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