R Squared Ltd Acquires Shares of 6,660 Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

R Squared Ltd bought a new position in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,660 shares of the asset manager’s stock, valued at approximately $122,000.

Other large investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in Silvercrest Asset Management Group by 30.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,649 shares of the asset manager’s stock worth $253,000 after purchasing an additional 3,446 shares during the period. Hsbc Holdings PLC bought a new stake in Silvercrest Asset Management Group in the 2nd quarter valued at $270,000. Jane Street Group LLC increased its position in Silvercrest Asset Management Group by 55.6% during the 3rd quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager’s stock worth $345,000 after buying an additional 7,155 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Silvercrest Asset Management Group by 80.8% in the third quarter. JPMorgan Chase & Co. now owns 20,605 shares of the asset manager’s stock valued at $355,000 after acquiring an additional 9,209 shares during the period. Finally, Martingale Asset Management L P increased its position in Silvercrest Asset Management Group by 111.2% during the third quarter. Martingale Asset Management L P now owns 22,447 shares of the asset manager’s stock worth $387,000 after acquiring an additional 11,818 shares during the period. Institutional investors own 47.59% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

Silvercrest Asset Management Group Stock Performance

NASDAQ:SAMG opened at $18.52 on Friday. The company has a market cap of $256.69 million, a price-to-earnings ratio of 23.15 and a beta of 0.82. Silvercrest Asset Management Group Inc. has a fifty-two week low of $13.93 and a fifty-two week high of $19.20. The stock has a fifty day moving average price of $18.17 and a 200-day moving average price of $17.21.

Silvercrest Asset Management Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 4.32%. Silvercrest Asset Management Group’s payout ratio is 100.00%.

Silvercrest Asset Management Group Company 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.