Deutsche Bank AG Purchases 18,350 Shares of Silvercrest Asset Management Group Inc (SAMG)

Deutsche Bank AG lifted its position in shares of Silvercrest Asset Management Group Inc (NASDAQ:SAMG) by 99.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,782 shares of the asset manager’s stock after purchasing an additional 18,350 shares during the period. Deutsche Bank AG owned about 0.28% of Silvercrest Asset Management Group worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Bailard Inc. acquired a new position in shares of Silvercrest Asset Management Group in the fourth quarter worth approximately $322,000. Dimensional Fund Advisors LP lifted its stake in Silvercrest Asset Management Group by 14.2% in the third quarter. Dimensional Fund Advisors LP now owns 66,688 shares of the asset manager’s stock valued at $970,000 after buying an additional 8,316 shares during the period. Acadian Asset Management LLC lifted its stake in Silvercrest Asset Management Group by 346.0% in the fourth quarter. Acadian Asset Management LLC now owns 17,642 shares of the asset manager’s stock valued at $283,000 after buying an additional 13,686 shares during the period. Cadence Capital Management LLC lifted its stake in Silvercrest Asset Management Group by 6.7% in the fourth quarter. Cadence Capital Management LLC now owns 110,158 shares of the asset manager’s stock valued at $1,768,000 after buying an additional 6,947 shares during the period. Finally, Boston Partners raised its position in shares of Silvercrest Asset Management Group by 2.8% during the fourth quarter. Boston Partners now owns 636,271 shares of the asset manager’s stock worth $10,212,000 after purchasing an additional 17,521 shares during the period. Institutional investors own 48.73% of the company’s stock.

Shares of Silvercrest Asset Management Group opened at $15.60 on Monday, Marketbeat.com reports. Silvercrest Asset Management Group Inc has a 12-month low of $11.85 and a 12-month high of $16.80. The firm has a market cap of $205.94 million, a P/E ratio of 15.15 and a beta of 1.06.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its quarterly earnings data on Friday, May 4th. The asset manager reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $24.33 million during the quarter. Silvercrest Asset Management Group had a return on equity of 19.87% and a net margin of 6.27%.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, June 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.59%.

Separately, Sandler O’Neill set a $17.00 target price on Silvercrest Asset Management Group and gave the stock a “buy” rating in a research report on Saturday, February 17th.

In related news, Chairman Richard R. Hough III acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The shares were acquired at an average price of $15.41 per share, with a total value of $61,640.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Al Messina sold 3,866 shares of the stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $15.55, for a total value of $60,116.30. Following the transaction, the director now owns 215,866 shares in the company, valued at $3,356,716.30. The disclosure for this sale can be found here. Insiders have sold a total of 26,500 shares of company stock worth $411,220 in the last ninety days. Insiders own 10.17% of the company’s stock.

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.

Institutional Ownership by Quarter for Silvercrest Asset Management Group (NASDAQ:SAMG)

Receive News & Ratings for Silvercrest Asset Management Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silvercrest Asset Management Group and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply