HM Payson & Co. Lowers Stake in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

HM Payson & Co. lessened its holdings in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 14.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,188 shares of the asset manager’s stock after selling 8,335 shares during the period. HM Payson & Co. owned about 0.35% of Silvercrest Asset Management Group worth $831,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in Silvercrest Asset Management Group by 8.9% in the first quarter. BNP Paribas Financial Markets now owns 8,450 shares of the asset manager’s stock valued at $134,000 after purchasing an additional 692 shares during the period. First Personal Financial Services grew its stake in Silvercrest Asset Management Group by 50.0% in the 2nd quarter. First Personal Financial Services now owns 6,000 shares of the asset manager’s stock valued at $94,000 after acquiring an additional 2,000 shares during the period. Rhumbline Advisers grew its stake in Silvercrest Asset Management Group by 15.7% in the 2nd quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager’s stock valued at $237,000 after acquiring an additional 2,072 shares during the period. Quadrature Capital Ltd increased its holdings in Silvercrest Asset Management Group by 6.7% in the 1st quarter. Quadrature Capital Ltd now owns 33,242 shares of the asset manager’s stock worth $519,000 after acquiring an additional 2,099 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Silvercrest Asset Management Group by 6.2% during the first quarter. Russell Investments Group Ltd. now owns 49,502 shares of the asset manager’s stock worth $783,000 after acquiring an additional 2,905 shares during the period. Hedge funds and other institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Stock Down 0.8 %

SAMG opened at $17.43 on Friday. The firm’s fifty day simple moving average is $16.67 and its two-hundred day simple moving average is $15.88. Silvercrest Asset Management Group Inc. has a 52-week low of $13.93 and a 52-week high of $18.13. The company has a market cap of $243.85 million, a price-to-earnings ratio of 19.37 and a beta of 0.83.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings results on Thursday, August 1st. The asset manager reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). Silvercrest Asset Management Group had a net margin of 7.09% and a return on equity of 12.46%. The company had revenue of $30.99 million during the quarter, compared to analysts’ expectations of $30.68 million. During the same period in the prior year, the business posted $0.34 earnings per share.

Silvercrest Asset Management Group 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.