Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) major shareholder Marital Trust Under Article 7T sold 2,500 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $14.51, for a total transaction of $36,275.00. Following the completion of the sale, the insider now directly owns 927,003 shares of the company’s stock, valued at $13,450,813.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Marital Trust Under Article 7T also recently made the following trade(s):

  • On Tuesday, October 17th, Marital Trust Under Article 7T sold 18,300 shares of Silvercrest Asset Management Group stock. The shares were sold at an average price of $14.53, for a total transaction of $265,899.00.
  • On Thursday, October 12th, Marital Trust Under Article 7T sold 31,800 shares of Silvercrest Asset Management Group stock. The shares were sold at an average price of $14.81, for a total transaction of $470,958.00.

Shares of Silvercrest Asset Management Group Inc. (NASDAQ SAMG) remained flat at $14.50 during midday trading on Friday. 19,287 shares of the stock traded hands. The company has a market capitalization of $117.55 million, a P/E ratio of 18.59 and a beta of 1.32. Silvercrest Asset Management Group Inc. has a one year low of $11.07 and a one year high of $16.25. The stock has a 50-day moving average price of $13.89 and a 200-day moving average price of $13.18.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. Silvercrest Asset Management Group had a net margin of 7.38% and a return on equity of 17.17%. The company had revenue of $22.09 million for the quarter. Analysts forecast that Silvercrest Asset Management Group Inc. will post $0.92 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 15th were given a $0.12 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.31%. Silvercrest Asset Management Group’s payout ratio is currently 61.54%.

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Several institutional investors have recently bought and sold shares of SAMG. Russell Investments Group Ltd. lifted its position in shares of Silvercrest Asset Management Group by 24.8% in the 2nd 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 during the last quarter. Boston Partners lifted its position in shares of Silvercrest Asset Management Group by 3.4% in the 2nd 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 during the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 buying an additional 187 shares during the last quarter. Cadence Capital Management LLC lifted its position in shares of Silvercrest Asset Management Group by 4.3% in the 2nd 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 during the last quarter. Finally, Royce & Associates LP lifted its position in shares of 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 buying an additional 2,500 shares during the last quarter. Institutional investors own 45.91% of the company’s stock.

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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