Rothschild Wealth LLC Acquires Shares of 128,398 Silvercrest Asset Management Group Inc. $SAMG

Rothschild Wealth LLC acquired a new stake in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 128,398 shares of the asset manager’s stock, valued at approximately $1,950,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SAMG. Marshall Wace LLP purchased a new position in Silvercrest Asset Management Group during the second quarter valued at $1,014,000. Teton Advisors LLC purchased a new position in Silvercrest Asset Management Group during the third quarter valued at $866,000. Arrowstreet Capital Limited Partnership purchased a new position in Silvercrest Asset Management Group during the second quarter valued at $316,000. Boston Partners lifted its holdings in Silvercrest Asset Management Group by 9.3% during the fourth quarter. Boston Partners now owns 232,310 shares of the asset manager’s stock valued at $3,529,000 after purchasing an additional 19,753 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Silvercrest Asset Management Group by 24.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 99,056 shares of the asset manager’s stock valued at $1,505,000 after purchasing an additional 19,186 shares in the last quarter. 47.59% of the stock is owned by hedge funds and other institutional investors.

Silvercrest Asset Management Group Trading Down 1.7%

NASDAQ:SAMG opened at $10.72 on Wednesday. The company’s 50-day moving average price is $12.37 and its 200-day moving average price is $13.97. The company has a market cap of $127.01 million, a P/E ratio of 35.73 and a beta of 0.64. Silvercrest Asset Management Group Inc. has a twelve month low of $10.54 and a twelve month high of $16.99.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings results on Monday, May 11th. The asset manager reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). The business had revenue of $31.41 million during the quarter, compared to analysts’ expectations of $31.85 million. Silvercrest Asset Management Group had a return on equity of 10.51% and a net margin of 2.12%. On average, analysts expect that Silvercrest Asset Management Group Inc. will post 0.53 earnings per share for the current year.

Silvercrest Asset Management Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 12th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, June 12th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is currently 280.00%.

Analysts Set New Price Targets

Several equities analysts have issued reports on SAMG shares. Weiss Ratings downgraded shares of Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th. Zacks Research downgraded shares of Silvercrest Asset Management Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Wall Street Zen downgraded shares of Silvercrest Asset Management Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc, headquartered in New York City, is an independent registered investment adviser that specializes in delivering customized wealth and asset management solutions for high-net-worth individuals, family offices and institutional clients. Founded in 2002 by senior professionals from leading financial institutions, Silvercrest has built its reputation on a disciplined, research-driven investment process and a commitment to personalized client service.

The firm’s core offerings include discretionary and non-discretionary portfolio management across equities, fixed income, hedge funds and alternative investments.