Silvercrest Asset Management Group Inc (SAMG) Position Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in Silvercrest Asset Management Group Inc (NASDAQ:SAMG) by 82.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,300 shares of the asset manager’s stock after acquiring an additional 70,300 shares during the quarter. Russell Investments Group Ltd. owned about 1.20% of Silvercrest Asset Management Group worth $2,260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in Silvercrest Asset Management Group by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 32,445 shares of the asset manager’s stock worth $436,000 after acquiring an additional 187 shares during the period. TIAA CREF Investment Management LLC raised its holdings in Silvercrest Asset Management Group by 4.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 20,941 shares of the asset manager’s stock worth $282,000 after acquiring an additional 891 shares during the period. Vanguard Group Inc. raised its holdings in Silvercrest Asset Management Group by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 328,730 shares of the asset manager’s stock worth $4,422,000 after acquiring an additional 1,114 shares during the period. Teachers Advisors LLC raised its holdings in Silvercrest Asset Management Group by 12.7% in the 2nd quarter. Teachers Advisors LLC now owns 12,741 shares of the asset manager’s stock worth $171,000 after acquiring an additional 1,439 shares during the period. Finally, Royce & Associates LP raised its holdings in Silvercrest Asset Management Group by 0.4% in the 2nd quarter. Royce & Associates LP now owns 631,600 shares of the asset manager’s stock worth $8,495,000 after acquiring an additional 2,500 shares during the period. Hedge funds and other institutional investors own 45.28% of the company’s stock.

In other news, major shareholder Marital Trust Under Article 7T sold 18,300 shares of the business’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $14.53, for a total transaction of $265,899.00. Following the transaction, the insider now owns 927,003 shares in the company, valued at approximately $13,469,353.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 67,750 shares of company stock worth $999,322. Insiders own 9.56% of the company’s stock.

Silvercrest Asset Management Group Inc (NASDAQ SAMG) opened at $15.70 on Friday. The company has a market cap of $207.26, a price-to-earnings ratio of 16.70 and a beta of 1.29. Silvercrest Asset Management Group Inc has a twelve month low of $11.85 and a twelve month high of $16.80.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings data on Wednesday, November 1st. The asset manager reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Silvercrest Asset Management Group had a net margin of 7.61% and a return on equity of 17.71%. The company had revenue of $22.85 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.06%. Silvercrest Asset Management Group’s payout ratio is 57.83%.

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About Silvercrest Asset Management Group

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

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