Silvercrest Asset Management Group Inc (NASDAQ:SAMG) major shareholder Marital Trust Under Article 7T sold 250,000 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $15.00, for a total transaction of $3,750,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Tuesday, October 24th, Marital Trust Under Article 7T sold 15,150 shares of Silvercrest Asset Management Group stock. The shares were sold at an average price of $14.93, for a total transaction of $226,189.50.
  • On Thursday, October 19th, Marital Trust Under Article 7T sold 2,500 shares of Silvercrest Asset Management Group stock. The shares were sold at an average price of $14.51, for a total transaction of $36,275.00.
  • 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.

Silvercrest Asset Management Group Inc (SAMG) traded up $0.55 on Wednesday, hitting $15.65. 6,889 shares of the stock traded hands, compared to its average volume of 17,421. Silvercrest Asset Management Group Inc has a fifty-two week low of $11.85 and a fifty-two week high of $16.80. The company has a market cap of $206.60, a price-to-earnings ratio of 18.86 and a beta of 1.29.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its earnings results on Wednesday, November 1st. The asset manager reported $0.24 earnings per share for the quarter, hitting the Thomson Reuters’ 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 business had revenue of $22.85 million for the quarter.

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Thursday, December 14th. Silvercrest Asset Management Group’s payout ratio is 57.83%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings 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 purchasing an additional 16,900 shares during the last quarter. Boston Partners grew its holdings in shares of Silvercrest Asset Management Group by 12.5% in the 3rd quarter. Boston Partners now owns 618,750 shares of the asset manager’s stock worth $9,003,000 after purchasing an additional 68,638 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of 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 purchasing an additional 891 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of 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 purchasing an additional 1,439 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 1,114 shares during the last quarter. 45.28% of the stock is currently owned by institutional investors and hedge funds.

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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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