Welcome to our dedicated page for Silvercrest Asset Management Group news (Ticker: SAMG), a resource for investors and traders seeking the latest updates and insights on Silvercrest Asset Management Group stock.
Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) is a premier, independent, employee-owned, registered investment advisor offering top-tier asset management and family office services to affluent families and select institutional investors. Founded in 2002, Silvercrest distinguishes itself by blending client-focused services reminiscent of traditional private banks with cutting-edge portfolio construction, risk management, and diversification strategies.
With a team of seasoned professionals averaging over 25 years of wealth management experience, Silvercrest has adeptly navigated clients through various market cycles. The firm ensures that client assets are invested in alignment with their risk tolerance, free from the conflicts of interest that often beset larger organizations.
Silvercrest provides comprehensive financial advisory services, including traditional investment strategies focusing on equities, fixed income, and cash, as well as non-traditional strategies like hedge funds, private equity, real estate, and commodities. In addition, the firm offers family office services encompassing financial planning, tax planning and preparation, partnership accounting, fund administration, and consolidated wealth reporting.
As of the latest updates, Silvercrest concluded the second quarter of 2023 with Total Assets Under Management (AUM) of $31.9 billion and Discretionary AUM of $21.5 billion. Despite a 9.9% decrease in revenue for the first half of 2023 compared to 2022, the firm maintains a historically healthy Adjusted EBITDA Margin of 27.5%, highlighting its resilience and efficiency. The company recently declared a quarterly dividend of $0.19 per share, demonstrating its commitment to returning value to shareholders.
Silvercrest continues to explore robust new business opportunities and is investing strategically to drive future growth. The firm remains committed to delivering exceptional client service while leveraging its extensive expertise to navigate the complexities of global markets.
For more information, visit Silvercrest's official website and stay updated with the latest developments.
Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) announced a quarterly dividend of $0.17 per share of Class A common stock, declared on February 8, 2022. The dividend will be distributed on or about March 18, 2022 to shareholders recorded as of the close of business on March 11, 2022. As of September 30, 2021, Silvercrest managed $31.0 billion in assets, delivering investment advisory services to wealthy families and select institutions.
Silvercrest Asset Management Group reported strong third quarter results for 2021, achieving a 25.7% year-over-year increase in discretionary assets under management, reaching $22.5 billion. Revenue climbed to $33.5 million, a rise of 23.1%, with Adjusted EBITDA at $10.3 million, reflecting a 27.4% increase. The company's total assets under management totaled $31.0 billion. Additionally, a quarterly dividend of $0.17 per share was declared. The OCIO business surpassed its $1 billion AUM goal, now standing at $1.1 billion.
Silvercrest Asset Management Group (NASDAQ: SAMG) will hold a teleconference on November 5, 2021, at 8:30 am ET to discuss its third-quarter financial results for the period ending September 30, 2021. A news release with the results will be available before the U.S. market opens. The call will feature insights from CEO Richard R. Hough III and CFO Scott A. Gerard, followed by a Q&A session for analysts and investors. The event can be accessed via phone or through an archived replay on their website.
Silvercrest Asset Management Group reported strong Q2 2021 results with discretionary assets under management (AUM) reaching a record $22.9 billion, up 32.4% YOY. Total AUM increased to $31.0 billion. Revenue rose 37.8% to $33.1 million, with an Adjusted EBITDA of $10.4 million (up 56.7% YOY). Adjusted EPS grew 66.7% YOY to $0.45. The Board approved a $15 million share repurchase program and a 6% dividend increase to $0.17 per share. The upcoming dividend represents a 4.5% annual yield. The company continues to seize new business opportunities within a robust investment culture.
Silvercrest Asset Management Group (NASDAQ: SAMG) will host a teleconference on July 30, 2021, at 8:30 am Eastern Time, to discuss its financial results for Q2 2021, ending June 30, 2021. A news release with the results will be issued before U.S. market opening. The call will feature remarks from Chairman and CEO Richard R. Hough III and CFO Scott A. Gerard, followed by a Q&A session. Interested parties can listen by calling 1-844-836-8743 for domestic or 1-412-317-5723 for international access. An archived replay will be available on their website.
Silvercrest Asset Management Group reported strong Q1 2021 results, marking its 20th year in business. The firm achieved a 47% year-over-year increase in discretionary assets under management (AUM), totaling $21.9 billion, with total AUM reaching $29 billion. Revenue rose 10.1% to $31.2 million, and adjusted EBITDA was $9.7 million. Despite these gains, net income dropped to $4.3 million compared to $9.7 million in Q1 2020. The Board declared a quarterly dividend of $0.16 per share, payable on June 18, 2021.
Silvercrest Asset Management Group (NASDAQ: SAMG) will host a teleconference on May 7, 2021, at 8:30 AM ET, to discuss its financial results for Q1, ending March 31, 2021. A news release will precede this teleconference, available on their Investor Relations page. The call will feature remarks from Chairman and CEO Richard R. Hough III and CFO Scott A. Gerard, followed by a Q&A session. Silvercrest reported $27.8 billion in assets under management as of December 31, 2020.
Silvercrest Asset Management Group (NASDAQ: SAMG) reported strong financial performance for the year ended December 31, 2020. Revenue grew by 5.7% to $108 million, fueled by increased client inflows and market appreciation. Discretionary AUM reached $20.6 billion, a 9.6% year-over-year increase, while total AUM grew to $27.8 billion, marking a 10.8% rise. Adjusted EBITDA improved to $30 million, with a margin of 28.1%. Despite rising expenses, net income was $17.5 million, up from $15.4 million in 2019. The company plans to expand its Outsourced Chief Investment Officer Initiative, aiming for over $1 billion in AUM in 2021.
Silvercrest Asset Management Group (NASDAQ: SAMG) will host a teleconference on March 5, 2021, at 8:30 AM ET to discuss its fourth quarter and year-end financial results for 2020. A news release will be issued prior to the U.S. market opening. The call will feature Chairman and CEO Richard R. Hough III and CFO Scott A. Gerard, followed by a Q&A session. Interested parties can access the call by dialing 1-844-836-8743 or 1-412-317-5723 for international listeners. Archived replay will be available on the company’s Investor Relations page.
Silvercrest Asset Management Group (NASDAQ: SAMG) declared a quarterly dividend of $0.16 per share of Class A common stock on February 10, 2021. This dividend will be paid on or around March 19, 2021 to shareholders of record by the close of business on March 12, 2021. As of September 30, 2020, Silvercrest reported assets under management totaling $24.4 billion, reflecting the firm’s solid financial standing and commitment to returning value to its shareholders.
FAQ
What is the current stock price of Silvercrest Asset Management Group (SAMG)?
What is the market cap of Silvercrest Asset Management Group (SAMG)?
What services does Silvercrest Asset Management Group Inc. provide?
What is the current Total Assets Under Management for Silvercrest?
How does Silvercrest differentiate itself from larger organizations?
What recent financial performance highlights can be noted for Silvercrest?
Where are Silvercrest's offices located?
Who are the key executives at Silvercrest?
What are some of Silvercrest's investment strategies?
How has Silvercrest's AUM changed recently?
How can investors listen to Silvercrest's earnings calls?
What is Silvercrest's approach to risk management?
