Silvercrest Asse Stock Price, News & Analysis

Silvercrest Asset Management Group reported a challenging year-end for December 31, 2022, with a 10.5% decrease in Total AUM to $28.9 billion and a 16.7% decline in Discretionary AUM to $20.9 billion. Revenue fell 6.4% year-over-year to $123.2 million, impacting Adjusted EBITDA which declined to $32 million and Adjusted Diluted EPS to $1.35. Despite these challenges, there was a 7.7% growth in Discretionary AUM in Q4 compared to Q3, and the company reported new client relationships totaling $220 million. The firm maintains a healthy Adjusted EBITDA margin of 26%.

Silvercrest Asset Management Group (NASDAQ: SAMG) will host a teleconference on March 3, 2023, at 8:30 am ET to discuss its fourth quarter and full-year financial results for 2022. The results will be released before U.S. market open. Chairman and CEO Richard R. Hough III, alongside CFO Scott A. Gerard, will present the results followed by a Q&A session for analysts and institutional investors. Participants can join the call by phone or via a live webcast available on the company’s investor relations page. As of September 30, 2022, Silvercrest reported assets under management of $27.4 billion.

Silvercrest Asset Management Group (NASDAQ: SAMG) declared a quarterly dividend of $0.18 per share on February 14, 2023. This dividend will be paid to shareholders of record as of the close of business on March 10, 2023, with a payment date on or about March 17, 2023. Founded in April 2002, Silvercrest is an independent, employee-owned registered investment adviser with approximately $27.4 billion in assets under management as of September 30, 2022. The firm operates multiple offices across the U.S., providing investment advisory and family office services to wealthy families and select institutional investors.