Silvercrest Asset Management declared a $0.20 quarterly dividend, payable March 21, 2025, to shareholders of record by March 14, 2025.
Quiver AI Summary
Silvercrest Asset Management Group Inc. has announced a quarterly dividend of $0.20 per share for its Class A common stock, which will be distributed on or around March 21, 2025, to shareholders on record as of March 14, 2025. Established in 2002, Silvercrest is an independent, employee-owned investment adviser with multiple offices across the U.S. and specializes in traditional and alternative investment advisory services for affluent families and select institutions. As of September 30, 2024, the firm managed assets totaling $35.1 billion.
Potential Positives
- Silvercrest Asset Management Group Inc. declared a quarterly dividend of $0.20 per share, indicating strong financial performance and a commitment to returning value to shareholders.
- The dividend payment demonstrates the company's confidence in its ongoing profitability and stability in the current market environment.
- The company reported assets under management of $35.1 billion as of September 30, 2024, signifying its substantial position in the investment advisory space.
- The announcement reflects Silvercrest's continued growth and solidifies its reputation as an independent, employee-owned investment adviser catering to high-net-worth clients and institutional investors.
Potential Negatives
- The announcement of a $0.20 quarterly dividend may indicate that the company is prioritizing short-term shareholder returns over long-term investments and growth opportunities.
- Declaring a dividend might raise concerns among investors regarding the company's cash flow and financial health, especially if it suggests an inability to reinvest profits into the business.
- There is no mention of growth strategies or initiatives in the press release, which could reflect a lack of direction and may lead investors to question the company's future performance.
FAQ
What is the recent dividend announcement by Silvercrest Asset Management Group?
Silvercrest Asset Management Group announced a quarterly dividend of $0.20 per share of Class A common stock on January 29, 2025.
When will the Silvercrest dividend be paid?
The dividend will be paid on or about March 21, 2025, to shareholders of record as of March 14, 2025.
What are the investment services offered by Silvercrest?
Silvercrest provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors.
How much asset management does Silvercrest have?
As of September 30, 2024, Silvercrest reported assets under management of $35.1 billion.
When was Silvercrest Asset Management founded?
Silvercrest Asset Management was founded in April 2002 as an independent, employee-owned registered investment adviser.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SAMG Hedge Fund Activity
We have seen 38 institutional investors add shares of $SAMG stock to their portfolio, and 28 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BANC FUNDS CO LLC removed 130,918 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $2,257,026
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- MORGAN STANLEY added 33,333 shares (+57.1%) to their portfolio in Q3 2024, for an estimated $574,660
- MILLENNIUM MANAGEMENT LLC removed 33,000 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $568,920
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Silvercrest Asset Management Group Inc. (NASDAQ: SAMG), (the “Company”) today announced that its board of directors declared a quarterly dividend of $0.20 per share of Class A common stock on January 29, 2025. The dividend will be paid on or about March 21, 2025 to shareholders of record as of the close of business on March 14, 2025.
About Silvercrest
Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser. With offices in New York, Boston, Virginia, New Jersey, California and Wisconsin, Silvercrest provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors. As of September 30, 2024, the firm reported assets under management of $35.1 billion.
Investor Relations Contact:
Richard R. Hough III
212-649-0601
[email protected]