Jane Street Group LLC Acquires 7,155 Shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG)

Jane Street Group LLC boosted its holdings in shares of Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) by 55.6% during the 3rd quarter, Holdings Channel reports. The firm owned 20,030 shares of the asset manager’s stock after buying an additional 7,155 shares during the period. Jane Street Group LLC’s holdings in Silvercrest Asset Management Group were worth $345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in Silvercrest Asset Management Group by 17.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 47,454 shares of the asset manager’s stock worth $740,000 after acquiring an additional 6,910 shares during the last quarter. Rhumbline Advisers increased its stake in Silvercrest Asset Management Group by 15.7% in the 2nd quarter. Rhumbline Advisers now owns 15,230 shares of the asset manager’s stock worth $237,000 after acquiring an additional 2,072 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Silvercrest Asset Management Group by 29.7% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 123,722 shares of the asset manager’s stock worth $1,929,000 after acquiring an additional 28,298 shares during the last quarter. Renaissance Technologies LLC increased its stake in Silvercrest Asset Management Group by 11.5% in the 2nd quarter. Renaissance Technologies LLC now owns 173,037 shares of the asset manager’s stock worth $2,698,000 after acquiring an additional 17,800 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of Silvercrest Asset Management Group in the 2nd quarter worth approximately $270,000. Institutional investors own 47.59% of the company’s stock.

Wall Street Analyst Weigh In

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

Silvercrest Asset Management Group Stock Performance

Shares of Silvercrest Asset Management Group stock opened at $18.20 on Thursday. The stock has a market cap of $252.34 million, a price-to-earnings ratio of 22.75 and a beta of 0.82. The stock has a 50 day moving average price of $18.08 and a 200-day moving average price of $16.92. Silvercrest Asset Management Group Inc. has a one year low of $13.93 and a one year high of $19.20.

Silvercrest Asset Management Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend was Friday, December 13th. Silvercrest Asset Management Group’s dividend payout ratio (DPR) is 100.00%.

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.