Wall Street brokers expect Silvercrest Asset Management Group Inc. (NASDAQ: SAMG – Get a rating) to show sales of $34.52 million for the current fiscal quarter, Zacks reports. Two analysts have released earnings estimates for Silvercrest Asset Management Group. The highest sales estimate is $35.69 million and the lowest is $33.36 million. Silvercrest Asset Management Group recorded sales of $28.42 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.5%. The company is expected to release its next quarterly 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 year, with estimates ranging from $131.16 million to $133.49 million. dollars. For next year, analysts expect the company to post sales of $150.10 million, with estimates ranging from $149.52 million to $150.69 million. Zacks Investment Research sales calculations are an average based on a survey of analysts who track Silvercrest Asset Management Group.
A number of brokerages have commented on SAMG. StockNews.com launched a hedge on shares of Silvercrest Asset Management Group in a research note on Tuesday. They set a “Strong Buy” rating for the company. Zacks Investment Research downgraded shares of Silvercrest Asset Management Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 11.
NASDAQ: SAMG opened at $16.90 on Thursday. The company has a market capitalization of $244.24 million, a P/E ratio of 14.20 and a beta of 0.68. Silvercrest Asset Management Group has a 1-year low of $13.17 and a 1-year high of $18.21. The stock’s 50-day simple moving average is $16.99.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 18. Investors of record on Friday, March 11 will receive a dividend of $0.17. This represents an annualized dividend of $0.68 and a dividend yield of 4.02%. The ex-date of this dividend is Thursday, March 10. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 57.14%.
Several large investors have recently increased or reduced their stake in the company. Advisor Group Holdings Inc. increased its stake in Silvercrest Asset Management Group by 79.4% in the third quarter. Advisor Group Holdings Inc. now owns 4,346 shares of the asset manager worth $67,000 after acquiring an additional 1,924 shares during the period. Guardian Wealth Management Inc. bought a new position in shares of Silvercrest Asset Management Group during the fourth quarter at a value of $72,000. Acadian Asset Management LLC increased its equity stake in Silvercrest Asset Management Group by 13.0% during the fourth quarter. Acadian Asset Management LLC now owns 5,080 shares of the asset manager valued at $87,000 after acquiring an additional 584 shares 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 5,073 additional shares last quarter. Finally, Stifel Financial Corp bought a new stake in Silvercrest Asset Management Group in the 2nd quarter for a value of approximately $162,000. 44.34% of the shares are held by hedge funds and other institutional investors.
About Silvercrest Asset Management Group (Get a rating)
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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