Silvercrest Asset Management Group Inc. (SAMG) Given Consensus Rating of “” by Brokerages

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Zacks has also assigned Silvercrest Asset Management Group an industry rank of 85 out of 265 based on the ratings given to related companies.

A number of hedge funds and other institutional investors have recently bought and sold shares of SAMG. Cadence Capital Management LLC raised its position in Silvercrest Asset Management Group by 4.3% in the second quarter. Cadence Capital Management LLC now owns 98,289 shares of the asset manager’s stock worth $1,322,000 after buying an additional 4,052 shares in the last quarter. Bank of New York Mellon Corp raised its position in Silvercrest Asset Management Group by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 32,445 shares of the asset manager’s stock worth $436,000 after buying an additional 187 shares in the last quarter. Boston Partners raised its position in Silvercrest Asset Management Group by 3.4% in the second quarter. Boston Partners now owns 550,112 shares of the asset manager’s stock worth $7,399,000 after buying an additional 18,011 shares in the last quarter. Russell Investments Group Ltd. raised its position in Silvercrest Asset Management Group by 24.8% in the second quarter. Russell Investments Group Ltd. now owns 85,000 shares of the asset manager’s stock worth $1,143,000 after buying an additional 16,900 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its position in Silvercrest Asset Management Group by 253.6% in the first quarter. Pacific Ridge Capital Partners LLC now owns 195,247 shares of the asset manager’s stock worth $2,597,000 after buying an additional 140,037 shares in the last quarter. Institutional investors own 73.78% of the company’s stock.

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Shares of Silvercrest Asset Management Group (NASDAQ:SAMG) traded up 3.69% during midday trading on Thursday, hitting $12.65. 3,634 shares of the stock were exchanged. Silvercrest Asset Management Group has a 12 month low of $11.07 and a 12 month high of $14.95. The company has a market cap of $102.48 million, a PE ratio of 18.88 and a beta of 1.27. The stock has a 50 day moving average price of $13.37 and a 200-day moving average price of $13.34.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $22.09 million for the quarter. Silvercrest Asset Management Group had a net margin of 7.38% and a return on equity of 17.34%. On average, analysts predict that Silvercrest Asset Management Group will post $0.87 EPS for the current year.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group Inc (Silvercrest) is a full-service wealth management firm focused on providing financial advisory and related family office services to ultra-high net worth individuals and institutional investors. The Company offers a suite of family office services for families seeking oversight of financial affairs.

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