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SilverCrest Asset Management
(NASDAQ:SAMG)
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Rating:58Neutral
Price Target:
$11.00
â–²(10.55% Upside)
Action:Reiterated
Date:08/04/26
Overall score reflects steady-to-improving business activity and solid cash generation, tempered by a pronounced profitability/return decline that constrains the fundamental outlook. Technicals remain mixed with a longer-term downtrend, and valuation looks challenging due to a very high P/E despite a high dividend yield. Earnings-call momentum in AUM and distribution progress is encouraging, but cost pressure and margin uncertainty remain key risks.
Positive Factors
Discretionary AUM Growth
A rising and record discretionary AUM base strengthens the firm's core fee revenue stream over the medium term. Higher discretionary assets are more stable and fee-generative, improving predictability of recurring revenue and enabling cross-sell and scale benefits that support durable top-line resilience even during billing timing variability.
Negative Factors
Profitability Compression
Sharp margin deterioration materially weakens returns on equity and the firm's ability to convert AUM growth into proportionate earnings. If margins do not re-normalize as expected, limited profitability will constrain reinvestment capacity, dividend sustainability and long-term shareholder returns despite rising AUM.
Read all positive and negative factors
Positive Factors
Negative Factors
Discretionary AUM Growth
A rising and record discretionary AUM base strengthens the firm's core fee revenue stream over the medium term. Higher discretionary assets are more stable and fee-generative, improving predictability of recurring revenue and enabling cross-sell and scale benefits that support durable top-line resilience even during billing timing variability.
Read all positive factors
SilverCrest Asset Management (SAMG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$120.97M
Dividend Yield8.47%
Average Volume (3M)41.26K
Price to Earnings (P/E)88.7
Beta (1Y)0.76
Revenue Growth0.72%
EPS Growth-87.22%
CountryUS
Employees173
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.11
Shares Outstanding7,821,782
10 Day Avg. Volume55,409
30 Day Avg. Volume41,258
Financial Highlights & Ratios
PEG Ratio-0.62
Price to Book (P/B)2.65
Price to Sales (P/S)1.06
P/FCF Ratio8.88
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.48
Revenue Forecast (FY)$127.39M
SilverCrest Asset Management Business Overview & Revenue Model
Company Description
Silvercrest Asset Management Group Inc. is a financial services organization primarily focused on wealth management. This firm delivers financial advisory services and comprehensive family office solutions to clients throughout the United States. ...
How the Company Makes Money
SAMG primarily makes money by charging fees for managing client assets. Its core revenue stream is asset-based management fees that are calculated as a percentage of assets under management (AUM) in separately managed accounts and other advisory a...
SilverCrest Asset Management Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Neutral
The call highlighted clear strategic progress: discretionary AUM growth (6.9% QoQ), institutional momentum (institutional AUM +12.6% sequential and a AUD 500M contribution to Global Value), stronger organic flows, and concrete steps in global regulatory and distribution build-out (Australian trust, near-complete UCITS, MiFID license expected). However, near-term financials show rising expenses (+12% YoY in Q2), an elevated compensation ratio (66.6% of revenue), limited reported net income ($0.2M to Class A), and a material decline in cash balances. Management frames the weaknesses as temporary and related to an investment phase and timing of billing, but uncertainty remains on the pace at which operating costs will normalize. Overall, the positives around AUM growth, institutional traction, and strategic build-out are balanced by meaningful cost and profitability headwinds.Positive Updates
Discretionary AUM Growth and All-Time High
Discretionary AUM rose 6.9% quarter-over-quarter to $24.7 billion (from $23.1 billion at March 31, 2026) and grew 4.2% year-over-year (from $23.7 billion). Management reported discretionary AUM at an all-time high entering Q3, which primarily drives firm revenue.
Negative Updates
Very Low Reported Net Income
Reported consolidated net income for the quarter was $0.5 million; net income attributable to Class A shareholders was approximately $0.2 million or $0.02 per basic and diluted share, indicating limited near-term reported profitability despite AUM gains.
Read all updates
Q2-2026 Updates
Positive
Negative
Discretionary AUM Growth and All-Time High
Discretionary AUM rose 6.9% quarter-over-quarter to $24.7 billion (from $23.1 billion at March 31, 2026) and grew 4.2% year-over-year (from $23.7 billion). Management reported discretionary AUM at an all-time high entering Q3, which primarily drives firm revenue.
Read all positive updates
Company Guidance
Management guided that discretionary AUM — which drives revenue — was at an all‑time high entering Q3, rising 6.9% QoQ to $24.7B (up 4.2% YoY from $23.7B) while total AUM increased 3.6% QoQ to $37.0B; organic new client account flows were $111M in Q2 (vs. $81M in Q1 and $80M LY), institutional AUM rose to $9.8B from $8.7B (Global Value now $2.5B after an AUD 500M ≈ USD 350M contribution), OCIO AUM is $2.9B, and over $200M of reported outflows had no revenue effect. Financials: Q2 revenue was $30.8M, reported net income $0.5M (≈ $0.02 per Class A share), adjusted EBITDA $3.4M (11.2% of revenue) and adjusted net income $1.2M (≈ $0.10 per adjusted share); first‑half adjusted EBITDA was $7.2M (11.5%) and adjusted net income $2.6M (≈ $0.22). Management expects one‑time start‑up G&A tied to global expansion to decline meaningfully as the Australian unit trust is live, UCITS and MiFID (Central Bank of Ireland) licensing are near completion (MiFID expected by end‑Q3), and distribution begins to contribute, even as compensation expense ($20.5M in Q2, 66.6% of revenue; comp +8.9% YoY) and an elevated compensation ratio will remain during this investment phase; they also noted total assets $139.9M, cash $20.7M, borrowings $9.5M and Class A stockholders’ equity of ~$46M, and said they will adjust nondiscretionary AUM reporting next quarter (one‑time reduction to reported nondiscretionary/total AUM with no revenue effect).SilverCrest Asset Management Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
68
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 125.44M | 125.32M | 123.65M | 117.41M | 123.22M | 131.60M |
| Gross Profit | 57.57M | 41.37M | 46.99M | 44.79M | 51.61M | 59.04M |
| EBITDA | 4.29M | 13.61M | 24.56M | 23.93M | 42.70M | 36.17M |
| Net Income | 905.00K | 4.88M | 9.54M | 9.09M | 18.83M | 14.69M |
Balance Sheet | ||||||
| Total Assets | 139.95M | 166.61M | 194.43M | 199.57M | 212.68M | 229.32M |
| Cash, Cash Equivalents and Short-Term Investments | 20.74M | 44.07M | 68.61M | 70.30M | 77.43M | 85.74M |
| Total Debt | 27.77M | 23.98M | 22.53M | 29.33M | 36.23M | 41.65M |
| Total Liabilities | 62.10M | 81.72M | 74.74M | 77.76M | 86.84M | 112.51M |
| Stockholders Equity | 46.03M | 50.27M | 80.70M | 82.74M | 84.59M | 80.35M |
Cash Flow | ||||||
| Free Cash Flow | -22.46M | 14.97M | 19.89M | 17.10M | 22.43M | 43.37M |
| Operating Cash Flow | -17.98M | 18.61M | 21.59M | 20.98M | 23.38M | 44.28M |
| Investing Cash Flow | -8.28M | -3.63M | -1.70M | -3.88M | -956.00K | -908.00K |
| Financing Cash Flow | -15.31M | -39.49M | -21.55M | -24.22M | -30.74M | -20.12M |
SilverCrest Asset Management Technical Analysis
Negative
9.95
Price Trends
10.49
Negative
11.64
Negative
12.94
Negative
Market Momentum
-0.09
Negative
48.01
Neutral
43.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SAMG, the sentiment is Negative. The current price of 9.95 is below the 20-day moving average (MA) of 10.16, below the 50-day MA of 10.49, and below the 200-day MA of 12.94, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 48.01 is Neutral, neither overbought nor oversold. The STOCH value of 43.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SAMG.
SilverCrest Asset Management Risk Analysis
SilverCrest Asset Management disclosed 49 risk factors in its most recent earnings report. SilverCrest Asset Management reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SilverCrest Asset Management Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $78.49M | 9.45 | 8.31% | 5.86% | -6.90% | -17.68% | |
73 Outperform | $2.74B | 17.72 | 614.24% | 3.85% | 5.42% | 143.26% | |
70 Outperform | $1.86B | 24.87 | 12.39% | 5.67% | 9.78% | -19.49% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $1.10B | 9.30 | 12.82% | 5.70% | -5.17% | -14.45% | |
66 Neutral | $3.22B | 39.63 | 19.25% | 0.61% | 37.14% | 38.12% | |
58 Neutral | $120.97M | 88.73 | 1.79% | 8.44% | 0.72% | -87.22% |
* Financial Sector Average
SAMG
SilverCrest Asset Management
9.92
-5.33
-34.94%
VRTS
Virtus Investment Partners
165.83
-12.26
-6.89%
WT
WisdomTree
22.19
9.09
69.36%
HNNA
Hennessy Advisors
9.93
-0.03
-0.33%
GCMG
GCM Grosvenor
13.82
1.43
11.56%
PAX
Patria Investments
11.20
-1.50
-11.80%
SilverCrest Asset Management Corporate Events
Business Operations and StrategyFinancial Disclosures
SilverCrest Asset Management Schedules Q2 2026 Investor Call
Neutral
Jul 27, 2026
Silvercrest Asset Management Group Inc. announced on July 27, 2026, that it will hold an investor teleconference at 8:30 a.m. Eastern Time on July 31, 2026, to discuss its financial results for the second quarter ended June 30, 2026. The company s...
Business Operations and StrategyPrivate Placements and Financing
SilverCrest Asset Management Amends and Extends Credit Facilities
Positive
Jun 18, 2026
On June 18, 2026, Silvercrest L.P. and certain borrower subsidiaries entered into a Second Amendment to their amended and restated credit agreement with City National Bank, under which Silvercrest L.P. guarantees its subsidiaries’ obligation...
Executive/Board ChangesShareholder Meetings
SilverCrest Shareholders Back Board, Pay, and Auditor Choices
Positive
Jun 3, 2026
At its annual meeting of stockholders held on June 3, 2026, Silvercrest Asset Management Group Inc. presented three governance proposals, including the election of one director, an advisory vote on executive compensation, and the ratification of i...
Financial Disclosures
SilverCrest Asset Management Sets Date for Q1 Results
Neutral
May 5, 2026
Silvercrest Asset Management Group Inc. announced on May 5, 2026, that it will release first-quarter 2026 financial results, for the period ended March 31, 2026, before the U.S. market opens on May 12, 2026. The company will host a teleconference ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.