Why Silvercrest Asset Management Group Inc’s (SAMG) Stock Is Up 5.55%

By Jenna Brashear
July 22, 2024
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Silvercrest Asset Management Group Inc before investing.

In this article, we go over a few key elements for understanding Silvercrest Asset Management Group Inc’s stock price such as:

  • Silvercrest Asset Management Group Inc’s current stock price and volume
  • Why Silvercrest Asset Management Group Inc’s stock price changed recently
  • Upgrades and downgrades for SAMG from analysts
  • SAMG’s stock price momentum as measured by its relative strength

About Silvercrest Asset Management Group Inc (SAMG)

Before we jump into Silvercrest Asset Management Group Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Silvercrest Asset Management Group Inc. is a full-service wealth management company. The Company operates through the investment management industry segment. The Company is focused on providing financial advisory and related family office services to high-net-worth individuals and institutional investors. It offers a suite of complementary and customized family office services for families seeking comprehensive oversight of their financial affairs. The Company's is engaged in advising its clients on traditional investment strategies focused on equities, fixed income and cash as well as non-traditional investment strategies including hedge funds, private equity funds, real estate and commodities. In addition to its investment capabilities, the Company also provides its clients with family office services and related administrative services, which include financial planning, tax planning and preparation, partnership accounting and fund administration, and consolidated wealth reporting.

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Silvercrest Asset Management Group Inc’s Stock Price as of Market Close

As of July 22, 2024, 4:00 PM, CST, Silvercrest Asset Management Group Inc’s stock price was $17.50.

Silvercrest Asset Management Group Inc is up 5.55% from its previous closing price of $16.58.

During the last market session, Silvercrest Asset Management Group Inc’s stock traded between $16.37 and $17.07. Currently, there are 9.48 million shares of Silvercrest Asset Management Group Inc stock available for purchase.

Silvercrest Asset Management Group Inc’s price-earnings (P/E) ratio is currently at 17.6, which is high compared to the Investment Management & Fund Operators industry median of 14. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Silvercrest Asset Management Group Inc Stock Price History

Silvercrest Asset Management Group Inc’s (SAMG) price is currently up 12.25% so far this month.

During the month of July, Silvercrest Asset Management Group Inc’s stock price has reached a high of $17.75 and a low of $14.70.

Over the last year, Silvercrest Asset Management Group Inc has hit prices as high as $21.98 and as low as $13.93. Year to date, Silvercrest Asset Management Group Inc’s stock is down 6.77%.

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What Caused Silvercrest Asset Management Group Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 19, 2024, there was 1 analyst who downgraded Silvercrest Asset Management Group Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Silvercrest Asset Management Group Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Silvercrest Asset Management Group Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Silvercrest Asset Management Group Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Silvercrest Asset Management Group Inc (SAMG) by visiting AAII Stock Evaluator.

Relative Price Strength of Silvercrest Asset Management Group Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 19, 2024, Silvercrest Asset Management Group Inc has a weighted four-quarter relative price strength of -8.05%, which translates to a Momentum Score of 37 and is considered to be Weak.

Want to learn more about how Silvercrest Asset Management Group Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Silvercrest Asset Management Group Inc Stock Price: Bottom Line

As of July 22, 2024, Silvercrest Asset Management Group Inc’s stock price is $17.50, which is up 5.55% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Silvercrest Asset Management Group Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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