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. reports news centered on its registered investment adviser business, which provides traditional and alternative investment advisory services and family office services to wealthy families and select institutional investors. Recurring updates cover quarterly operating results, discretionary assets under management, new client account flows, managed account revenue drivers, institutional consultant activity, and dividends on Class A common stock.
Company announcements also describe market expansion and product development across its wealth management and institutional channels, including new offices, international business development, equity strategy demand, and fund launches for institutional or wholesale clients. The firm was founded as an independent, employee-owned adviser and operates through Silvercrest Asset Management Group LLC as its principal operating subsidiary.
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.
Silvercrest Asset Management Group (NASDAQ: SAMG) will host a teleconference on November 6, 2020, at 8:30 am ET to discuss its third-quarter financial results for the period ended September 30, 2020. A news release detailing these results will be published before U.S. equity markets open that day. 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 join by calling 1-844-836-8743, and a replay will be available on the company’s Investor Relations page.
Silvercrest Asset Management Group reported solid Q2 2020 results despite COVID-19 challenges. Total assets under management (AUM) rose 16% to $23.8 billion, with discretionary AUM growing 16% to $17.3 billion. Revenue slightly increased to $24 million, while adjusted net income reached $4 million, or $0.28 per share. Silvercrest experienced strong organic growth, reporting $200 million in net organic inflows. The company declared a quarterly dividend of $0.16 per share, set to be paid on September 18, 2020. Silvercrest's OCIO business is also on the rise, advising on half a billion in AUM.
Silvercrest Asset Management Group (NASDAQ: SAMG) will host a teleconference on August 4, 2020, at 8:30 am ET to discuss its second-quarter financial results for the period ending June 30, 2020. A news release will precede the call, available at Silvercrest Investor Relations. The call will feature CEO Richard R. Hough III and CFO Scott A. Gerard, followed by a Q&A session. Additionally, a quarterly dividend of $0.16 per Class A share has been declared, payable on September 18, 2020 to shareholders of record as of September 11, 2020.