Silvercrest Asset Management Group (NASDAQ:SAMG) Stock Passes Above 50-Day Moving Average – Time to Sell?

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $17.69 and traded as high as $19.12. Silvercrest Asset Management Group shares last traded at $19.03, with a volume of 84,167 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com raised Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

Silvercrest Asset Management Group Price Performance

The firm has a market cap of $256.13 million, a PE ratio of 23.10 and a beta of 0.83. The company has a 50 day simple moving average of $17.72 and a 200-day simple moving average of $16.54.

Silvercrest Asset Management Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Friday, December 13th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Trading of Silvercrest Asset Management Group

A number of institutional investors have recently made changes to their positions in SAMG. Vanguard Group Inc. boosted its stake in shares of Silvercrest Asset Management Group by 0.9% during the first quarter. Vanguard Group Inc. now owns 522,136 shares of the asset manager’s stock valued at $8,255,000 after purchasing an additional 4,756 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Silvercrest Asset Management Group by 17.0% during the second quarter. Bank of New York Mellon Corp now owns 47,454 shares of the asset manager’s stock valued at $740,000 after purchasing an additional 6,910 shares during the period. First Personal Financial Services boosted its stake in shares of Silvercrest Asset Management Group by 50.0% during the second quarter. First Personal Financial Services now owns 6,000 shares of the asset manager’s stock valued at $94,000 after purchasing an additional 2,000 shares during the period. Rhumbline Advisers boosted its stake in shares of Silvercrest Asset Management Group by 15.7% during the second quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager’s stock valued at $237,000 after purchasing an additional 2,072 shares during the period. Finally, Koss Olinger Consulting LLC bought a new position in shares of Silvercrest Asset Management Group during the second quarter valued at approximately $457,000. Hedge funds and other institutional investors own 47.59% of the company’s stock.

Silvercrest Asset Management Group Company 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.