Updated 3/26
Silvercrest Asset Management Group is a boutique wealth management firm, based in New York, focuses on high-net-worth clients and institutions, delivering tailored advisory services with a steady hand. While big players chase scale and splashy acquisitions, Silvercrest has carved out its own lane—focused, deliberate, and grounded in long-term client relationships. And for dividend investors, that approach carries real appeal.
Recent Events
Looking at recent quarters, Silvercrest has kept a steady pace. Revenue for the most recent period grew 5.3% year-over-year—not a blowout number, but respectable considering the broader economic backdrop. The earnings picture was less flattering, with EPS down more than 30% compared to last year. Rising operating costs played a big role in that dip, rather than any major issue with revenue or client retention.
What’s encouraging is that despite the earnings slowdown, the company continues to manage its finances with care. Cash reserves remain strong, and management hasn’t wavered in returning capital to shareholders. In fact, the latest dividend is already on the calendar for March 31.
Key Dividend Metrics
🟢 Forward Dividend Yield: 1.57%
🟡 Trailing Dividend Yield: 1.52%
🔵 5-Year Average Yield: 1.39%
🟢 Payout Ratio: 29.46%
🟢 Dividend Growth: Steady and sustainable
🟢 Next Payout Date: March 31, 2025
🟡 Ex-Dividend Date: March 17, 2025
Dividend Overview
SAMG’s dividend might not turn heads at first glance, but there’s more beneath the surface. A forward yield of 1.57% isn’t sky-high, but it sits above its five-year average. That steady climb speaks to a long-term mindset, one where consistency takes priority over chasing short-term pops.
The low payout ratio—just under 30%—is a real strength. It leaves room for growth, protects against earnings volatility, and shows that management is taking a disciplined approach. For investors focused on sustainable income, those are welcome signs.
Dividend Growth and Safety
Silvercrest doesn’t make dramatic moves when it comes to its dividend policy, and that’s a good thing. The company has shown a reliable pattern of maintaining and occasionally increasing its dividend. Even in periods of earnings pressure, it hasn’t pulled back, and that stability carries weight with long-term investors.
That sub-30% payout ratio acts as a buffer. Even if profits fluctuate, the company can continue to support—and potentially grow—its dividend without having to stretch. The March payout is a strong indicator that Silvercrest plans to keep its promises to shareholders.
Chart Analysis
Price Action and Moving Averages
The chart for Silvercrest Asset Management Group (SAMG) reveals a stock that has rolled over into a declining phase after an extended period of strength. The most recent close at 16.14 shows the price has slipped below both the 50-day and 200-day simple moving averages—never a great sign for short-term momentum. The 50-day (orange line) has curved downward and crossed below the 200-day (blue line) recently, forming a classic “death cross” pattern, often associated with the beginning of a deeper downtrend.
Prior to this, the price showed strong accumulation from July through December, with a notable surge above both moving averages that lasted several months. But since mid-February, the stock has experienced consistent selling pressure, slipping from above 18 to current levels in the low 16s.
Volume and Participation
Volume has remained mostly muted, with just a few spikes, most notably in late June and scattered in early December and March. The recent price decline has not been accompanied by high volume, which can suggest this is more of a controlled pullback than panic selling—but it also shows there’s not much buying interest stepping in at the moment.
The declining volume into the recent pullback hints that institutional demand might be drying up for now. That said, there’s no clear evidence of heavy distribution either, which could mean the market is simply in a wait-and-see mode around this level.
RSI and Momentum
The Relative Strength Index (RSI) at the bottom of the chart has fallen steadily and now sits near oversold territory, hovering just above the 30 mark. Momentum has clearly turned negative. The RSI hasn’t shown any bullish divergence yet, which means there’s still no technical sign of reversal brewing.
If RSI continues down into the 20s and price consolidates or forms a base, that might begin to set the stage for a shift, but for now, it’s in a textbook downward momentum trend.
Candle Structure and Price Behavior
Looking at the most recent five candles, there’s been a string of lower highs and lower lows. A few candles show long upper wicks, suggesting selling pressure on intraday rallies. Buyers are stepping in near 16, but each bounce is getting sold into. The wick on March 25 shows some attempted recovery intraday after a low near 15.97, but sellers ultimately won the day.
There’s some evidence of exhaustion, but without volume pickup or hammer-style candles, it’s too early to call it a short-term bottom. The absence of strong lower wicks tells us buyers aren’t aggressively defending levels just yet.
Analyst Ratings
📉 Silvercrest Asset Management Group Inc. (SAMG) recently saw a subtle shift in analyst sentiment. On March 20, 2025, the stock was downgraded from a “strong-buy” to a “buy” rating. While this isn’t a drastic move, it does reflect a slightly more cautious outlook on the company’s short-term momentum. Analysts still see value here, but they’re signaling that expectations should be a bit more measured moving forward.
🎯 The current consensus price target among analysts ranges between $22.50 and $23.50. That’s comfortably above where the stock is trading now, suggesting there’s still room for upside. This target range reflects confidence in the company’s ability to maintain earnings stability and continue shareholder-friendly policies, particularly with its dividend track record.
📊 The downgrade seems to be driven by a mix of softer earnings performance and broader market caution. EPS has shown some pressure recently, and while revenue growth remains modestly positive, analysts appear to be factoring in the cost pressures that impacted profitability last quarter.
🔍 Overall, analysts are maintaining a positive stance but without the previous level of conviction. The downgrade isn’t a red flag—it’s more of a recalibration, especially in light of recent earnings volatility and technical weakness on the chart.
Earnings Report Summary
Strong Finish to the Year
Silvercrest Asset Management wrapped up 2024 on a solid note. The fourth quarter brought in a meaningful boost in assets under management, driven largely by some strategic wins on the institutional side. One of the biggest headlines was the $1.3 billion seed investment for their new Global Value Equity strategy. That came through a partnership with CBUS, a major Australian pension fund, and marked the firm’s most significant organic growth year since 2015.
By the end of December, total AUM climbed to $36.5 billion, up from $33.3 billion a year earlier. Discretionary AUM, which drives most of the firm’s revenue, grew to $23.3 billion. That’s a healthy jump and reflects strong client retention along with new business wins.
Revenue Trends and Financial Momentum
Revenues grew by 5.3% for the year, landing at $123.7 million compared to $117.4 million the year before. The fourth quarter itself saw a sharper lift, with revenue jumping 12% year-over-year to $32 million. That growth is being fueled by both higher AUM and traction with new offerings.
Silvercrest also saw its bottom line swing back into positive territory. The fourth quarter brought in $2.7 million in consolidated net income, a noticeable turnaround from the loss they posted in the same quarter last year. Net income attributable to shareholders came in at $1.6 million, or about 17 cents per share. Adjusted earnings were a bit stronger, with adjusted net income at $2.9 million, translating to 21 cents per basic share.
Adjusted EBITDA came in at $5.1 million for the quarter, with margins improving to just under 16%—a nice bump from the previous year’s 9%.
Global Expansion and Forward Focus
Outside of the numbers, Silvercrest has been planting flags in new regions. They’ve opened up operations in Singapore and have set their sights on further institutional and private wealth opportunities across Asia and Europe. That includes new business development hires and licensing approvals that could pave the way for more international growth.
The firm is also investing in its people—adding talent and focusing on leadership development as they plan for the next chapter. All in all, they’ve built a solid base going into 2025, and there’s a decent pipeline shaping up, especially with their new global equity strategy still early in its rollout.
Financial Health and Stability
Here’s where things get a little more nuanced. The company’s debt-to-equity ratio stands at a steep 219%, which could be a red flag in isolation. But dig a bit deeper, and the picture becomes more balanced. Silvercrest holds over $820 million in cash, giving it the liquidity to navigate debt obligations.
Operating cash flow came in at more than $720 million over the last twelve months, with free cash flow still north of $400 million after covering expenses. That kind of cushion allows the firm to invest in its business while continuing to support dividends.
From a profitability standpoint, margins are solid. Return on equity is a healthy 14.25%, and the operating margin sits just above 10%. The company isn’t chasing hyper-growth, but it does run an efficient and profitable business—exactly the kind of foundation dividend investors like to see.
Valuation and Stock Performance
At just over $51 a share, SAMG trades at around 11 times forward earnings. That’s a relatively low multiple in a market where many peers still carry valuations well above that range. It suggests that investors aren’t paying a premium, even with stable profitability and reliable cash flows.
The price-to-book ratio is under 2, and price-to-sales comes in at 1.25. Both numbers point to a stock that isn’t overvalued by traditional metrics.
Looking at the stock’s recent history, it’s posted a 5% gain over the past 12 months. That trails the broader market slightly, but with a beta of 0.70, it’s done so with far less volatility. For investors focused on income and stability, SAMG’s more measured pace may actually be a plus.
Risks and Considerations
No investment is without risk, and Silvercrest is no exception. The high debt load, while offset by cash, is something to monitor. If rates stay elevated or economic conditions tighten, that leverage could begin to weigh more heavily.
Another potential concern is the client base. Silvercrest specializes in ultra-high-net-worth accounts, which can mean more concentrated revenue streams. While that client loyalty is a strength, it can also make the business more sensitive to individual relationships or fee pressure.
The earnings decline in the most recent quarter is another flag. While it seems tied to rising costs, management will need to show improved margin control going forward.
Final Thoughts
Silvercrest Asset Management Group isn’t going to light up headlines or surge 40% in a quarter—but that’s not the point. For dividend-focused investors, it offers something else: predictability, discipline, and a quiet commitment to shareholder returns.
Its dividend isn’t flashy, but it’s consistent and backed by a strong financial position. The payout ratio leaves room to breathe, and the valuation doesn’t demand a leap of faith. SAMG isn’t for those chasing the next big thing—it’s for those looking to build something solid over time.
For portfolios anchored in income, Silvercrest deserves a seat at the table. It’s a quiet performer, and sometimes, that’s exactly what you want when you’re building for the long haul.