Silvercrest Asset Management Group (NASDAQ:SAMG) Shares Pass Above 50-Day Moving Average – What’s Next?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $17.96 and traded as high as $18.50. Silvercrest Asset Management Group shares last traded at $18.44, with a volume of 17,601 shares changing hands.

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 Price Performance

The firm has a market capitalization of $255.67 million, a price-to-earnings ratio of 23.05 and a beta of 0.83. The stock has a fifty day moving average of $17.96 and a two-hundred day moving average of $16.78.

Silvercrest Asset Management Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend was Friday, December 13th. Silvercrest Asset Management Group’s dividend payout ratio is currently 100.00%.

Institutional Trading of Silvercrest Asset Management Group

Several institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its position in shares of Silvercrest Asset Management Group by 15.7% in the 2nd quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager’s stock worth $237,000 after purchasing an additional 2,072 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Silvercrest Asset Management Group by 30.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,649 shares of the asset manager’s stock valued at $253,000 after buying an additional 3,446 shares during the period. Hsbc Holdings PLC bought a new stake in Silvercrest Asset Management Group during the second quarter valued at $270,000. Jane Street Group LLC boosted its position in Silvercrest Asset Management Group by 55.6% during the third quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager’s stock valued at $345,000 after acquiring an additional 7,155 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 9,209 shares during the period. 47.59% of the stock is currently owned by institutional investors.

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.