HM Payson & Co. Decreases Stake in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

HM Payson & Co. cut its stake in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 55.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,488 shares of the asset manager’s stock after selling 26,700 shares during the quarter. HM Payson & Co.’s holdings in Silvercrest Asset Management Group were worth $395,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Silvercrest Asset Management Group by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 26,818 shares of the asset manager’s stock worth $493,000 after purchasing an additional 1,857 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Silvercrest Asset Management Group during the 4th quarter worth about $122,000. JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 9,209 shares during the last quarter. Barclays PLC increased its position in shares of Silvercrest Asset Management Group by 48.8% during 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 during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Silvercrest Asset Management Group by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 223,418 shares of the asset manager’s stock worth $3,852,000 after purchasing an additional 10,477 shares during the last quarter. 47.59% of the stock is owned by institutional investors and hedge funds.

Silvercrest Asset Management Group Price Performance

NASDAQ SAMG opened at $17.19 on Monday. The company has a market cap of $238.34 million, a P/E ratio of 21.49 and a beta of 0.84. The stock has a 50-day moving average of $18.19 and a two-hundred day moving average of $17.61. Silvercrest Asset Management Group Inc. has a 1-year low of $13.93 and a 1-year high of $19.20.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its earnings results 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). The firm had revenue of $31.96 million during the quarter, compared to analyst estimates of $31.97 million. Silvercrest Asset Management Group had a net margin of 6.24% and a return on equity of 11.40%.

Silvercrest Asset Management Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 14th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Friday, March 14th. Silvercrest Asset Management Group’s payout ratio is presently 79.21%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Silvercrest Asset Management Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th.

About Silvercrest Asset Management Group

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.