Wall Street brokers expect Silvercrest Asset Management Group Inc. (NASDAQ: SAMG – Get a rating) will report sales of $36.20 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts provided earnings estimates for Silvercrest Asset Management Group, with the lowest sales estimate of $36.06 million and the highest estimate of $36.34 million. Silvercrest Asset Management Group recorded sales of $31.24 million in the same quarter last year, indicating a positive growth rate of 15.9% year-over-year. The company is expected to announce its next quarterly results on Monday, January 1.
On average, analysts expect Silvercrest Asset Management Group to report annual revenue of $148.31 million for the current year, with estimates ranging from $145.94 million to 150, $69 million. For the next fiscal year, analysts expect the company to post sales of $163.43 million, with estimates ranging from $162.30 to $164.56 million. Zacks Investment Research sales calculations are an average average based on a survey of analysts who provide coverage for Silvercrest Asset Management Group.
Silvercrest Asset Management Group (NASDAQ: SAMG – Get a rating) last released its quarterly earnings data on Wednesday, March 2. The asset manager reported earnings per share (EPS) of $0.58 for the quarter, beating analyst consensus estimates of $0.37 by $0.21. The company posted revenue of $33.80 million in the quarter, versus a consensus estimate of $34.52 million. Silvercrest Asset Management Group posted a net margin of 11.16% and a return on equity of 25.71%. During the same period a year earlier, the company posted EPS of $0.31.
Several brokerages have recently published reports on SAMG. StockNews.com launched a hedge on Silvercrest Asset Management Group shares in a research report on Thursday, March 31. They set a “Strong Buy” rating on the stock. Zacks Investment Research downgraded shares of Silvercrest Asset Management Group from a “buy” rating to a “hold” rating in a Wednesday, March 9 research note.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. Advisor Group Holdings Inc. increased its stake in shares of Silvercrest Asset Management Group by 79.4% in Q3. Advisor Group Holdings Inc. now owns 4,346 shares of the asset manager valued at $67,000 after purchasing an additional 1,924 shares during the period. Guardian Wealth Management Inc. purchased a new equity stake in Silvercrest Asset Management Group in the fourth quarter, valued at approximately $72,000. Acadian Asset Management LLC increased its holdings of Silvercrest Asset Management Group shares by 13.0% in the fourth quarter. Acadian Asset Management LLC now owns 5,080 shares of the asset manager valued at $87,000 after purchasing an additional 584 shares during the period. O Shaughnessy Asset Management LLC increased its holdings of Silvercrest Asset Management Group shares by 407.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 6,317 shares of the asset manager valued at $98,000 after purchasing an additional 5,073 shares during the period. Finally, Stifel Financial Corp increased its holdings of Silvercrest Asset Management Group shares by 7.8% in the fourth quarter. Stifel Financial Corp now owns 18,884 shares of the asset manager valued at $324,000 after buying an additional 1,371 shares during the period. 44.58% of the shares are currently held by institutional investors and hedge funds.
SAMG stock opened at $20.05 on Wednesday. The company has a 50-day moving average price of $18.34. Silvercrest Asset Management Group has a 12-month low of $13.17 and a 12-month high of $22.40. The stock has a market capitalization of $289.98 million, a PE ratio of 13.19 and a beta of 0.76.
The company also recently announced a quarterly dividend, which was paid on Friday, March 18. Shareholders of record on Friday, March 11 received a dividend of $0.17. The ex-dividend date was Thursday, March 10. This represents an annualized dividend of $0.68 and a dividend yield of 3.39%. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is currently 44.74%.
Company Profile 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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