Barclays PLC Increases Position in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Barclays PLC boosted its holdings in Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 48.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,814 shares of the asset manager’s stock after purchasing an additional 10,110 shares during the period. Barclays PLC’s holdings in Silvercrest Asset Management Group were worth $531,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers raised its position in shares of 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 purchasing an additional 2,072 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Silvercrest Asset Management Group by 30.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,649 shares of the asset manager’s stock valued at $253,000 after acquiring an additional 3,446 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Silvercrest Asset Management Group in the second quarter valued at $270,000. Jane Street Group LLC boosted its stake in Silvercrest Asset Management Group by 55.6% during the 3rd quarter. Jane Street Group LLC now owns 20,030 shares of the asset manager’s stock valued at $345,000 after acquiring an additional 7,155 shares during the last quarter. Finally, Martingale Asset Management L P grew its holdings in Silvercrest Asset Management Group by 111.2% during the 3rd quarter. Martingale Asset Management L P now owns 22,447 shares of the asset manager’s stock worth $387,000 after acquiring an additional 11,818 shares in the last quarter. Institutional investors and hedge funds own 47.59% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of 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 Stock Down 0.8 %

Shares of NASDAQ SAMG opened at $18.24 on Friday. The stock’s 50 day moving average price is $18.03 and its two-hundred day moving average price is $16.83. Silvercrest Asset Management Group Inc. has a 52-week low of $13.93 and a 52-week high of $19.20. The stock has a market capitalization of $252.90 million, a P/E ratio of 22.80 and a beta of 0.83.

Silvercrest Asset Management Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Friday, December 13th. Silvercrest Asset Management Group’s dividend payout ratio is currently 100.00%.

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.