Wall Street brokers expect Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) to post sales of $34.52 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts provided earnings estimates for Silvercrest Asset Management Group, with estimates ranging from $33.36 million to $35.69 million. Silvercrest Asset Management Group recorded sales of $28.42 million in the same quarter last year, indicating a positive year-over-year growth rate of 21.5%. The company is expected to release its next earnings report on Thursday, March 3.
On average, analysts expect Silvercrest Asset Management Group to report annual sales of $132.32 million for the current fiscal year, with estimates ranging from $131.16 million to $133.49 million. dollars. For next year, analysts expect the company to report sales of $150.10 million, with estimates ranging from $149.52 million to $150.69 million. Zacks sales averages are an average based on a survey of research companies that track Silvercrest Asset Management Group.
Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its results on Thursday, November 4. The asset manager reported EPS of $0.44 for the quarter, missing the $0.45 consensus estimate of ($0.01). The company posted revenue of $33.46 million for the quarter, versus a consensus estimate of $35.63 million. Silvercrest Asset Management Group achieved a return on equity of 22.60% and a net margin of 9.10%. During the same period a year earlier, the company posted EPS of $0.35.
Separately, Zacks Investment Research downgraded shares of Silvercrest Asset Management Group from a “buy” rating to a “hold” rating in a report released on Tuesday.
Shares of SAMG opened at $17.04 on Friday. The company has a market capitalization of $246.26 million, a price-earnings ratio of 14.32 and a beta of 0.68. The company has a 50-day simple moving average of $16.52 and a 200-day simple moving average of $16.05. Silvercrest Asset Management Group has a 52-week low of $13.17 and a 52-week high of $17.66.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 17. Shareholders of record on Friday, December 10 received a dividend of $0.17. This represents an annualized dividend of $0.68 and a yield of 3.99%. The ex-dividend date was Thursday, December 9. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 57.14%.
Institutional investors have recently changed their stake in the company. Advisor Group Holdings Inc. increased its stake in Silvercrest Asset Management Group by 45.2% in the second quarter. Advisor Group Holdings Inc. now owns 2,422 shares of the asset manager worth $36,000 after buying an additional 754 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Silvercrest Asset Management Group by 407.8% in Q3. O Shaughnessy Asset Management LLC now owns 6,317 shares of the asset manager worth $98,000 after buying an additional 5,073 shares in the last quarter. Stifel Financial Corp acquired a new stake in Silvercrest Asset Management Group in Q2 worth approximately $162,000. Tibra Equities Europe Ltd acquired a new stake in Silvercrest Asset Management Group in Q2 worth approximately $320,000. Finally, Two Sigma Investments LP acquired a new stake in Silvercrest Asset Management Group in Q3 worth approximately $378,000. Institutional investors and hedge funds own 44.34% of the company’s shares.
Company Profile Silvercrest Asset Management Group
Silvercrest Asset Management Group, Inc operates as a wealth management company. The company provides traditional and alternative investment advisory and family office services to high net worth families and certain institutional investors. It also offers portfolio management, equity and fixed income services and outsourced investment services.
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