Silvercrest Asset Management Group Inc. (SAMG) To Go Ex-Dividend on June 12th

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Friday, June 12th will be given a dividend of 0.21 per share by the asset manager on Friday, June 19th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, June 12th.

Silvercrest Asset Management Group has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Silvercrest Asset Management Group has a payout ratio of 58.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Silvercrest Asset Management Group to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 84.8%.

Silvercrest Asset Management Group Stock Down 0.3%

NASDAQ:SAMG opened at $10.90 on Wednesday. The firm has a market capitalization of $129.17 million, a price-to-earnings ratio of 36.33 and a beta of 0.64. Silvercrest Asset Management Group has a twelve month low of $10.68 and a twelve month high of $16.99. The stock’s 50 day moving average price is $12.64 and its two-hundred day moving average price is $14.05.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings results on Monday, May 11th. The asset manager reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). The company had revenue of $31.41 million for the quarter, compared to analyst estimates of $31.85 million. Silvercrest Asset Management Group had a return on equity of 10.51% and a net margin of 2.12%. As a group, analysts anticipate that Silvercrest Asset Management Group will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SAMG has been the subject of several research analyst reports. Wall Street Zen downgraded Silvercrest Asset Management Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Zacks Research downgraded Silvercrest Asset Management Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Weiss Ratings downgraded Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce”.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group Inc, headquartered in New York City, is an independent registered investment adviser that specializes in delivering customized wealth and asset management solutions for high-net-worth individuals, family offices and institutional clients. Founded in 2002 by senior professionals from leading financial institutions, Silvercrest has built its reputation on a disciplined, research-driven investment process and a commitment to personalized client service.

The firm’s core offerings include discretionary and non-discretionary portfolio management across equities, fixed income, hedge funds and alternative investments.