HM Payson & Co. Decreases Stock Holdings in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

HM Payson & Co. trimmed its position in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 55.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,488 shares of the asset manager’s stock after selling 26,700 shares during the quarter. HM Payson & Co. owned about 0.16% of Silvercrest Asset Management Group worth $395,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SAMG. R Squared Ltd acquired a new position in shares of Silvercrest Asset Management Group during the fourth quarter valued at about $122,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Silvercrest Asset Management Group by 30.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,649 shares of the asset manager’s stock worth $253,000 after buying an additional 3,446 shares during the period. Jane Street Group LLC increased its holdings in Silvercrest Asset Management Group by 55.6% in 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. increased its holdings in Silvercrest Asset Management Group by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,605 shares of the asset manager’s stock worth $355,000 after buying an additional 9,209 shares during the period. Finally, Martingale Asset Management L P increased its holdings in Silvercrest Asset Management Group by 111.2% in the 3rd quarter. Martingale Asset Management L P now owns 22,447 shares of the asset manager’s stock worth $387,000 after buying an additional 11,818 shares during the period. 47.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Silvercrest Asset Management Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th.

Silvercrest Asset Management Group Trading Down 1.3 %

Shares of NASDAQ:SAMG opened at $17.19 on Monday. Silvercrest Asset Management Group Inc. has a twelve month low of $13.93 and a twelve month high of $19.20. The company’s 50 day moving average is $18.19 and its 200 day moving average is $17.61. The company has a market cap of $238.34 million, a PE ratio of 21.49 and a beta of 0.84.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings data on Thursday, March 6th. The asset manager reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.13). The firm had revenue of $31.96 million for the quarter, compared to analyst estimates of $31.97 million. Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%.

Silvercrest Asset Management Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders 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 dividend yield of 4.65%. Silvercrest Asset Management Group’s payout ratio is 79.21%.

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.