Welcome to our dedicated page for Silvercrest Asse news (Ticker: SAMG), a resource for investors and traders seeking the latest updates and insights on Silvercrest Asse stock.
Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) is an independent, employee-owned registered investment adviser focused on wealth management and institutional asset management. This news page aggregates press releases and market updates that Silvercrest furnishes through its public communications and SEC filings, giving investors and clients a single view of the company’s recent developments.
News about Silvercrest often centers on its financial results and assets under management (AUM). The company regularly issues quarterly earnings releases that discuss total AUM, discretionary and non-discretionary AUM, revenue, expenses, net income and non-GAAP measures such as Adjusted EBITDA and Adjusted Net Income. These updates also describe the impact of market conditions and client flows on AUM and revenue.
Another key category of news involves Silvercrest’s strategic and organizational initiatives. Recent announcements have covered stock repurchase programs, quarterly dividend declarations on Class A common stock, and amendments to the company’s credit facilities with City National Bank. The firm also issues releases on leadership and investment team developments, such as portfolio manager appointments, succession plans within its U.S. Value Equity team, and new roles in U.S. and international consultant relations to support institutional asset management.
Silvercrest’s press releases additionally highlight its efforts to grow organically in both wealth and institutional markets, including investments in talent, marketing and new offices such as its Singapore location. For investors tracking SAMG, this news feed provides ongoing context on how the firm’s AUM, business mix and strategic priorities evolve over time. Users interested in Silvercrest’s performance and corporate actions can review these updates and related SEC 8-K filings linked to earnings and other events.
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.
Silvercrest Asset Management Group reported a 3% increase in total assets under management (AUM), reaching $24.4 billion as of September 30, 2020. Discretionary AUM grew 4% to $17.9 billion, though offset by client outflows of $0.2 billion. Revenue for Q3 was $27.2 million, a decrease of 2.4% year-over-year, along with net income of $3.5 million. The company declared a quarterly dividend of $0.16, payable December 18, 2020. Year-to-date, adjusted diluted EPS rose 13% to $0.85.
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