Silvercrest Asset Management Group (NASDAQ:SAMG – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.
Silvercrest Asset Management Group Price Performance
Shares of Silvercrest Asset Management Group stock opened at $14.80 on Friday. The business has a fifty day simple moving average of $16.55 and a two-hundred day simple moving average of $16.75. Silvercrest Asset Management Group has a 1 year low of $14.38 and a 1 year high of $23.20. The company has a market capitalization of $205.53 million, a price-to-earnings ratio of 15.42 and a beta of 0.85.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Silvercrest Asset Management Group by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 517,380 shares of the asset manager’s stock worth $8,795,000 after buying an additional 9,052 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of Silvercrest Asset Management Group in the fourth quarter worth $189,000. Virtu Financial LLC bought a new position in shares of Silvercrest Asset Management Group in the fourth quarter worth $185,000. Barclays PLC increased its position in shares of Silvercrest Asset Management Group by 89.5% in the fourth quarter. Barclays PLC now owns 26,195 shares of the asset manager’s stock worth $446,000 after purchasing an additional 12,373 shares during the period. Finally, West Tower Group LLC bought a new position in shares of Silvercrest Asset Management Group in the fourth quarter worth $39,000. Institutional investors own 48.20% of the company’s stock.
About Silvercrest Asset Management Group
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.
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