Silvercrest Asset Management (SAMG)


Market Price (8/24/2026): $9.99 | Market Cap: $76.8 MilSector: Financials | Industry: Asset Management & Custody Banks

Silvercrest Asset Management (SAMG)


Market Price (8/24/2026): $9.99
Market Cap: $76.8 Mil
Sector: Financials
Industry: Asset Management & Custody Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.7%, Dividend Yield is 8.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.3%, FCF Yield is 11%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25%

Low stock price volatility
Vol 12M is 34%

Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital.

Weak multi-year price returns
2Y Excs Rtn is -66%, 3Y Excs Rtn is -113%

Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 85x

Key risks
SAMG key risks include [1] a heavy reliance on its long-tenured investment professionals, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.7%, Dividend Yield is 8.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.3%, FCF Yield is 11%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25%
3 Low stock price volatility
Vol 12M is 34%
4 Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital.
5 Weak multi-year price returns
2Y Excs Rtn is -66%, 3Y Excs Rtn is -113%
6 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 85x
7 Key risks
SAMG key risks include [1] a heavy reliance on its long-tenured investment professionals, Show more.

SAMG in ETFs

Weight = SAMG's share of each fund

VTI0.00%
IWM0.00%
IWN0.01%
VTWO0.00%
DFAS0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/1/2026

Silvercrest Asset Management (SAMG) stock has lost about 20% since 4/30/2026 because of the following key factors:

1. Significant Decline in Profitability in Fiscal Q2 2026. Silvercrest Asset Management experienced a substantial compression in profitability during its fiscal second quarter ended June 30, 2026. Consolidated net income plummeted to $0.5 million (a 1.5% margin) from $3.1 million (a 10.3% margin) in the same period last year. Similarly, Adjusted EBITDA fell to $3.4 million, representing an 11.2% margin, compared to $5.7 million and an 18.7% margin in fiscal Q2 2025.

2. Increased Operating Expenses Outpacing Revenue. The sharp decline in net income was primarily driven by a 12.0% increase in total expenses for fiscal Q2 2026, reaching $29.8 million. This surge in costs, particularly an 8.9% rise in compensation and benefits to $20.5 million (representing 66.6% of quarterly revenue) and a 19.3% increase in general and administrative expenses due to global initiatives, outpaced the company's essentially flat year-over-year revenue of $30.8 million.

Show more
Updated on 8/1/2026

Silvercrest Asset Management (SAMG) stock has lost about 20% since 4/30/2026 because of the following key factors:

1. Significant Decline in Profitability in Fiscal Q2 2026. Silvercrest Asset Management experienced a substantial compression in profitability during its fiscal second quarter ended June 30, 2026. Consolidated net income plummeted to $0.5 million (a 1.5% margin) from $3.1 million (a 10.3% margin) in the same period last year. Similarly, Adjusted EBITDA fell to $3.4 million, representing an 11.2% margin, compared to $5.7 million and an 18.7% margin in fiscal Q2 2025.

2. Increased Operating Expenses Outpacing Revenue. The sharp decline in net income was primarily driven by a 12.0% increase in total expenses for fiscal Q2 2026, reaching $29.8 million. This surge in costs, particularly an 8.9% rise in compensation and benefits to $20.5 million (representing 66.6% of quarterly revenue) and a 19.3% increase in general and administrative expenses due to global initiatives, outpaced the company's essentially flat year-over-year revenue of $30.8 million.

3. Persistent Net Client Outflows. While discretionary Assets Under Management (AUM) grew by 6.9% to $24.7 billion due to market appreciation of $2.4 billion in fiscal Q2 2026, this was partially offset by net client outflows of $0.8 billion. Total AUM also saw net client outflows of $1.1 billion during the quarter. These outflows, although some were seasonal and revenue-neutral, indicate a challenge in retaining client assets over the period.

4. Underperformance Relative to Analyst Expectations and Downward Revisions. The company's adjusted earnings per share (EPS) of $0.10 for fiscal Q2 2026, while meeting some consensus estimates, missed others, with Zacks reporting a -23.08% earnings surprise against their $0.13 estimate. Moreover, fiscal Q1 2026 EPS of $0.12 significantly missed consensus by 36.41%. Analysts also revised full-year 2026 revenue estimates downward from $129.65 million to $125.29 million and full-year 2026 EPS from $0.59 to $0.34 over the past 90 days.

5. Elevated Dividend Payout Ratio. Silvercrest Asset Management's dividend payout ratio stands at a high 280%, with a quarterly dividend of $0.21 per Class A share. This high ratio, especially in light of declining net income and compressed profit margins, may raise concerns among investors regarding the sustainability of its dividend policy.

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Stock Movement Drivers

Fundamental Drivers

The -22.2% change in SAMG stock from 4/30/2026 to 8/23/2026 was primarily driven by a -81.5% change in the company's Net Income Margin (%).
(LTM values as of)43020268232026Change
Stock Price ($)12.9010.03-22.2%
Change Contribution By: 
Total Revenues ($ Mil)1251250.1%
Net Income Margin (%)3.9%0.7%-81.5%
P/E Multiple21.185.2303.8%
Shares Outstanding (Mil)883.9%
Cumulative Contribution-22.2%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/23/2026
ReturnCorrelation
SAMG-22.2% 
Market (SPY)6.5%-5.6%
Sector (XLF)10.3%19.8%

Fundamental Drivers

The -29.6% change in SAMG stock from 1/31/2026 to 8/23/2026 was primarily driven by a -86.3% change in the company's Net Income Margin (%).
(LTM values as of)13120268232026Change
Stock Price ($)14.2510.03-29.6%
Change Contribution By: 
Total Revenues ($ Mil)1251250.1%
Net Income Margin (%)5.3%0.7%-86.3%
P/E Multiple18.085.2373.5%
Shares Outstanding (Mil)888.8%
Cumulative Contribution-29.6%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/23/2026
ReturnCorrelation
SAMG-29.6% 
Market (SPY)11.0%4.7%
Sector (XLF)8.1%22.1%

Fundamental Drivers

The -34.9% change in SAMG stock from 7/31/2025 to 8/23/2026 was primarily driven by a -89.1% change in the company's Net Income Margin (%).
(LTM values as of)73120258232026Change
Stock Price ($)15.4010.03-34.9%
Change Contribution By: 
Total Revenues ($ Mil)1241250.8%
Net Income Margin (%)6.6%0.7%-89.1%
P/E Multiple17.085.2402.4%
Shares Outstanding (Mil)9818.3%
Cumulative Contribution-34.9%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/23/2026
ReturnCorrelation
SAMG-34.9% 
Market (SPY)22.2%16.5%
Sector (XLF)11.1%32.1%

Fundamental Drivers

The -43.8% change in SAMG stock from 7/31/2023 to 8/23/2026 was primarily driven by a -92.9% change in the company's Net Income Margin (%).
(LTM values as of)73120238232026Change
Stock Price ($)17.8610.03-43.8%
Change Contribution By: 
Total Revenues ($ Mil)1171257.5%
Net Income Margin (%)10.1%0.7%-92.9%
P/E Multiple14.385.2494.3%
Shares Outstanding (Mil)9823.0%
Cumulative Contribution-43.8%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/23/2026
ReturnCorrelation
SAMG-43.8% 
Market (SPY)73.2%30.2%
Sector (XLF)70.0%38.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SAMG Return29%14%-6%13%-13%-33%-9%
Peers Return19%-19%17%18%17%5%63%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
SAMG Win Rate67%58%67%67%42%25% 
Peers Win Rate53%35%58%62%57%52% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SAMG Max Drawdown-17%-27%-30%-19%-27%-36% 
Peers Max Drawdown-22%-39%-23%-14%-24%-22% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VRTS, SLRC, GEG, BLK, BNY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/21/2026 (YTD)

How Low Can It Go

EventSAMGS&P 500
2023 SVB Regional Banking Crisis
  % Loss-19.6%-6.7%
  % Gain to Breakeven24.3%7.1%
  Time to Breakeven57 days31 days
2020 COVID-19 Crash
  % Loss-40.3%-33.7%
  % Gain to Breakeven67.4%50.9%
  Time to Breakeven77 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-10.9%-19.2%
  % Gain to Breakeven12.2%23.8%
  Time to Breakeven14 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-19.4%-12.2%
  % Gain to Breakeven24.1%13.9%
  Time to Breakeven69 days62 days
2014-2016 Oil Price Collapse
  % Loss-33.1%-6.8%
  % Gain to Breakeven49.5%7.3%
  Time to Breakeven617 days15 days

Compare to VRTS, SLRC, GEG, BLK, BNY

In The Past

Silvercrest Asset Management's stock fell -4.1% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 4.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSAMGS&P 500
2020 COVID-19 Crash
  % Loss-40.3%-33.7%
  % Gain to Breakeven67.4%50.9%
  Time to Breakeven77 days140 days
2014-2016 Oil Price Collapse
  % Loss-33.1%-6.8%
  % Gain to Breakeven49.5%7.3%
  Time to Breakeven617 days15 days

Compare to VRTS, SLRC, GEG, BLK, BNY

In The Past

Silvercrest Asset Management's stock fell -4.1% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 4.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Silvercrest Asset Management (SAMG)

Silvercrest Asset Management Group Inc. (SAMG) operates as a dedicated wealth management firm, offering a suite of financial advisory and comprehensive family office services. Headquartered in New York, the company focuses on guiding clients through complex financial landscapes to preserve and grow their assets.

The firm's primary services encompass sophisticated financial planning, bespoke investment management strategies, and an array of related family office support designed to address the multifaceted needs of affluent clients. In addition to direct advisory, Silvercrest actively manages various investment vehicles, including specialized funds of funds and other investment funds.

Silvercrest primarily targets an exclusive clientele within the United States, serving ultra-high net worth individuals and families. The company also extends its expertise to a range of institutional investors, including their associated trusts, endowments, and foundations, providing specialized asset management and advisory solutions.

AI Analysis | Feedback

1. Think of it as a boutique Goldman Sachs Private Wealth Management for ultra-high net worth families.

2. An independent J.P. Morgan Private Bank serving multi-million dollar individuals and families.

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  • Financial Advisory Services: Provides strategic financial guidance to ultra-high net worth individuals, families, and institutional investors.
  • Family Office Services: Offers specialized, comprehensive services catering to the complex needs of ultra-high net worth individuals and families.
  • Investment Fund Management: Manages various pooled investment vehicles, including funds of funds, for their client base.

AI Analysis | Feedback

Silvercrest Asset Management Group Inc. (SAMG) provides financial advisory and related family office services primarily to the following categories of customers:

  • Ultra-high net worth individuals and families, as well as their trusts
  • Endowments and foundations
  • Other institutional investors

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Richard R. Hough III, Chairman and Chief Executive Officer

Mr. Hough joined Silvercrest in 2003 and became a partner in 2006. He served on the firm's Executive Committee since 2007, focusing on marketing and corporate strategy and development, and was President and Chief Operating Officer from 2010-2013. He was named CEO in November 2013, succeeding co-founder G. Moffett Cochran. Prior to Silvercrest, Mr. Hough worked as a policy analyst and was the founding national program director of Children's Scholarship Fund. He was a crucial part of Silvercrest's founding team, contributing expertise in policy analysis, non-profit development, and shaping early alternative investment strategies. He also serves as chairman of the board of the Institute for Family Studies and on the boards of the Calvin Coolidge Presidential Foundation, New York Men's Leadership Forum, Christendom College, Boy Scouts of America, and the advisory board of The New Criterion.

Scott A. Gerard, Chief Financial Officer

Mr. Gerard has served as Chief Financial Officer of Silvercrest since 2010. Before joining Silvercrest, he was Chief Financial Officer of Brand Connections, LLC, a private equity-backed marketing and media company, from December 2008 through November 2009. Previously, he served as Chief Financial Officer of Guideline, Inc., a publicly-held business research firm. His earlier career includes a role as Division Controller with Citigroup Inc. and beginning his career with KPMG LLP. Mr. Gerard is a Certified Public Accountant.

David J. Campbell, General Counsel and Secretary

Mr. Campbell joined Silvercrest from Jefferies & Company, Inc., where he held the position of Managing Director and Associate General Counsel, providing support to the Equities, Fixed Income, and Operations groups. His career began at Donaldson, Lufkin & Jenrette Securities Corporation as a Senior Vice President, where he advised DLJ's Pershing Division, Investment Services Group, and DLJdirect. Later, he became a partner at the law firm of Bressler, Amery & Ross, P.C., specializing in various securities matters.

Albert S. Messina, Member of the Board of Directors and Executive Committee

Mr. Messina was a founding member of Silvercrest Asset Management, joining as a Managing Director and portfolio manager for equity and fixed income portfolios. Before Silvercrest, he was a Managing Director at Credit Suisse Asset Management, a position he assumed following Credit Suisse's merger with Donaldson, Lufkin & Jenrette (DLJ), where he had worked since 1983. He also spent 14 years at Bankers Trust Company, where he advised private clients and oversaw the Tax Services Division of the fiduciary department.

J. Allen Gray, Managing Director and Head of Institutional Business

Prior to his role at Silvercrest, Mr. Gray served as a Managing Partner and a Member of the Management Committee of Osprey Partners Investment Management, LLC, and as President of the Osprey Concentrated Large Cap Value Equity Fund. Before Osprey Partners, he was a Managing Director at Radnor Capital Management, a start-up investment firm, where he was responsible for sales, marketing, and client relations. He started his career at Kidder, Peabody & Co. as a financial advisor and later served as Vice President for institutional equity sales and a financial advisor at Wheat, First Securities, Inc.

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AI Analysis | Feedback

Here are the key risks to Silvercrest Asset Management:
  1. Market Volatility: Silvercrest Asset Management Group's revenue is intrinsically tied to the market value of its assets under management (AUM). Market downturns or instability can directly reduce AUM, leading to a corresponding decrease in fee-based revenues and potentially impacting short-term financial results and top-line growth. The firm's financial performance is subject to the inherent risks of the asset management industry, where a significant market downturn could negatively impact its AUM.
  2. Client Retention and Net Flows: As Silvercrest serves ultra-high-net-worth individuals and families, as well as institutional investors, its overall client base can be concentrated. Client retention is critical, as negative net flows can offset positive market appreciation and affect overall AUM growth. If key clients were to depart or withdraw assets, the impact on the firm's revenues could be material.
  3. Competitive Landscape and Fee Compression: The wealth management sector is highly competitive, with both established firms and new entrants vying for high-net-worth clients. This intensified competition can lead to pricing pressure from competitors, potentially compressing advisory and platform fees. A shift in asset mix towards lower-fee institutional mandates can also contribute to a decrease in the average annual management fee rate, threatening margin expansion and slowing top-line growth.

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Silvercrest Asset Management Group Inc. (SAMG) serves ultra-high net worth individuals and families, their trusts, endowments, foundations, and other institutional investors in the United States, offering financial advisory, wealth management, and family office services. The addressable markets for these services in the U.S. are substantial.

For ultra-high net worth (UHNW) clients, the investable assets held by this demographic represent a significant addressable market. In 2024, UHNW investors in the U.S. held more than $22.5 trillion in investable assets.

For institutional investors, the assets under management (AUM) by such entities in the U.S. indicate the market size for institutional asset management services. By 2023, institutional investors, including government pension funds and private endowments in the U.S., were responsible for over USD 55 trillion in assets under management.

The family office services market in the U.S., which includes financial planning, tax planning, and consolidated wealth reporting, is also a key addressable market for Silvercrest. The global family office market size was valued at USD 20.13 billion in 2025. North America held a 47.67% share of this market in 2025, with the U.S. accounting for approximately 94% of the total North American family offices market. Based on these figures, the estimated addressable market for family office services in the U.S. in 2025 is approximately USD 9.00 billion.

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Silvercrest Asset Management (SAMG) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market factors:

  1. Organic Growth through New Client Acquisition: The company is focused on securing significant organic client inflows, particularly within the institutional segment. Silvercrest has a robust new business pipeline and anticipates strong organic flows in 2025 and 2026. For example, the firm reported strong new client organic flows of $0.4 billion in Q1 2025, building on $1.4 billion in Q4 2024.
  2. Market Appreciation of Assets Under Management (AUM): As a wealth management firm, Silvercrest's revenue is directly influenced by the market value of its Assets Under Management. Increases in AUM due to market appreciation are a key driver for revenue growth.
  3. Expansion into New Markets and Services: Silvercrest is actively pursuing international expansion and seeking to diversify its wealth management services and offerings. This includes investing in talent and business development to target global and institutional markets.
  4. Strategic Investments in Intellectual Capital and Headcount: The company is making strategic investments in talent, business development, and new strategies to promote growth and enhance financial performance. These investments are expected to contribute to future growth and a return to higher profitability over an 18-24 month horizon.
  5. Growth in Family Office Services: Revenue from family office services has shown strong growth, increasing 17.6% for the quarter and 8.2% for the nine months ended Q3 2025, indicating this as a growing segment for the company.

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Share Repurchases

  • Silvercrest Asset Management's Board of Directors authorized a common stock repurchase program of up to $25.0 million on May 23, 2025. Approximately $16 million worth of shares were repurchased under this program as of September 30, 2025.
  • On August 20, 2024, the company's board approved a share repurchase program authorizing the company to repurchase up to $12 million worth of shares over the subsequent 12 months.
  • A $15.0 million share repurchase program was approved on July 29, 2021. As of June 30, 2024, Silvercrest purchased $15.06 million worth of common stock under this program.

Share Issuance

  • The company reported no significant net issuance of preferred stock as of September 2025 and for the trailing twelve months ending in September 2025.
  • In 2022, Silvercrest issued common stock for services or in consideration, including 2,500,000 shares for $250 in January, 167,500 shares for $3,350 in July, and 625,250 shares for $12,505 in October.
  • Additional common shares were issued in 2023 for consideration: 275,000 shares for $5,500 in January and 65,000 shares for $1,300 in April.

Outbound Investments

  • Silvercrest undertook new strategic investments in 2024 to drive growth, including investing in talent and building a new Global Value Equity strategy.
  • In Q4 2024, the new Global Value Equity strategy secured a significant seed investment of $1.3 billion.
  • The company's growth strategy includes targeted acquisitions and expanding its presence through new business development and market leads in locations such as Atlanta and Singapore.

Capital Expenditures

  • For the nine months ended September 30, 2025, capital expenditures for the acquisition of furniture, equipment, and leasehold improvements amounted to $1.681 million.
  • For the nine months ended September 30, 2024, capital expenditures for the acquisition of furniture, equipment, and leasehold improvements totaled $1.337 million.

Better Bets vs. Silvercrest Asset Management (SAMG)

Peer Outperformance in Asset Management & Custody Banks

SAMG has trailed 73% of its 82 Asset Management & Custody Banks peers over 5Y. Among the peers that beat it are AMG, IVZ and BEN. Asset Management & Custody Banks ranks 11th of 18 industries in Financials by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Asset Management & Custody Banks constituents that SAMG has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
10%
of 101 industry peers · -36.5% return
3Y
13%
of 94 industry peers · -39.4% return
5Y
27%
of 82 industry peers · -20.6% return
Asset Management & Custody Banks peers with revenue growth within 4pp of SAMG's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
SAMG Silvercrest Asset Management 2.4% 85.2x -36.5%-39.4%-20.6%
AMG Affiliated Managers 2.1% 11.0x 58.4%171.8%115.5% +136pp
IVZ Invesco 6.4% -224.0x 53.3%141.3%60.1% +81pp
BEN Franklin Templeton 6.1% 21.7x 42.3%57.4%37.1% +58pp
CNS Cohen & Steers 5.2% 24.9x 10.7%43.8%12.0% +33pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Financials sector, ranked by 5Y. Asset Management & Custody Banks is SAMG's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Investment Banking & Brokerage 13 5.7%134.1%133.9% IBKR 512% · SNEX 252% · GS 187%
Reinsurance 6 19.3%80.7%117.8% SPNT 140% · MTG 130% · RGA 128%
Diversified Banks 12 37.4%131.6%101.7% JPM 153% · CM 148% · RY 135%
Life & Health Insurance 19 11.2%56.2%84.8% UNM 285% · FG 197% · MFC 172%
Regional Banks 263 25.9%86.0%64.5% GCBC 395% · ESQ 364% · NBN 297%
Property & Casualty Insurance 42 11.1%74.2%63.8% ASIC 2583900% · HRTG 433% · UVE 278%
Multi-line Insurance 9 13.5%78.4%57.8% GNW 176% · L 101% · SLF 86%
Consumer Finance 30 10.1%87.8%34.4% ENVA 660% · EZPW 391% · FCFS 185%
Multi-Sector Holdings 6 1.4%16.7%33.9% JEF 78% · BRK-B 73% · VOYA 66%
Insurance Brokers 15 -9.5%11.4%33.7% LIFE 571% · AJG 94% · ARX 87%
Asset Management & Custody Banks ← 83 -8.7%23.5%25.5% SII 341% · WT 303% · VCTR 289%
Financial Exchanges & Data 15 -1.6%14.2%13.9% VIRT 216% · CBOE 156% · CME 69%
Commercial & Residential Mortgage Finance 12 -31.1%19.6%4.5% FNMA 474% · FMCC 460% · ESNT 60%
Specialized Finance 3 18.7%53.6%3.7% EFC 36% · CACC 4% · HASI -14%
Mortgage REITs 34 -7.2%13.6%-11.5% RITM 61% · NREF 53% · DX 41%
Transaction & Payment Processing Services 15 1.4%8.4%-41.3% MA 65% · V 65% · CPAY 58%
Diversified Capital Markets 21 -29.3%-4.7%-45.9% BTCS 584% · OPY 176% · LPLA 153%
Diversified Financial Services 5 -6.3%63.2%-58.0% FRHC 166% · EQH 80% · TMS -58%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SAMGVRTSSLRCGEGBLKBNYMedian
NameSilvercr.Virtus I.SLR Inve.Great ElmBlackRockBank of . 
Mkt Price10.03167.0912.632.151,156.55158.4985.56
Mkt Cap0.11.10.70.1179.4108.70.9
Rev LTM125820852327,29921,065473
Op Inc LTM3131--139,006-67
FCF LTM9-52157103,5151,59283
FCF 3Y Avg1647136-53,8861,70291
CFO LTM13-46157103,9383,57085
CFO 3Y Avg1854136-54,2353,27995

Growth & Margins

SAMGVRTSSLRCGEGBLKBNYMedian
NameSilvercr.Virtus I.SLR Inve.Great ElmBlackRockBank of . 
Rev Chg LTM0.8%-7.4%-12.7%16.3%26.5%11.0%5.9%
Rev Chg 3Y Avg2.4%0.3%12.2%49.1%16.6%7.7%9.9%
Rev Chg Q0.4%-4.6%-59.0%6.5%30.6%13.2%3.4%
QoQ Delta Rev Chg LTM0.1%-1.2%-15.5%0.9%6.5%3.2%0.5%
Op Inc Chg LTM-82.6%-28.3%--60.5%17.2%--44.4%
Op Inc Chg 3Y Avg-41.0%-1.4%--16.1%13.9%--8.7%
Op Mgn LTM2.1%16.0%--58.7%33.0%-9.0%
Op Mgn 3Y Avg9.5%18.3%--60.6%35.0%-13.9%
QoQ Delta Op Mgn LTM-2.5%-2.0%--5.7%0.3%--2.3%
CFO/Rev LTM10.2%-5.6%183.2%43.5%14.4%16.9%15.7%
CFO/Rev 3Y Avg14.8%6.1%142.6%-50.0%19.4%17.0%15.9%
FCF/Rev LTM7.1%-6.3%183.2%43.5%12.9%7.6%10.2%
FCF/Rev 3Y Avg12.7%5.2%142.6%-50.0%17.9%8.9%10.8%

Valuation

SAMGVRTSSLRCGEGBLKBNYMedian
NameSilvercr.Virtus I.SLR Inve.Great ElmBlackRockBank of . 
Mkt Cap0.11.10.70.1179.4108.70.9
P/S0.61.48.12.96.65.24.0
P/Op Inc28.98.5--4.919.9-14.2
P/EBIT18.03.4--3.718.5-10.7
P/E85.29.39.3-2.927.317.313.3
P/CFO6.1-24.34.46.745.630.56.4
Total Yield9.7%16.7%22.9%-34.7%5.7%7.3%8.5%
Dividend Yield8.6%5.9%12.2%0.0%2.0%1.5%4.0%
FCF Yield 3Y Avg12.4%2.4%17.2%-11.1%2.8%2.6%2.7%
D/E0.42.51.71.00.10.30.7
Net D/E0.12.31.1-0.30.0-1.60.0

Returns

SAMGVRTSSLRCGEGBLKBNYMedian
NameSilvercr.Virtus I.SLR Inve.Great ElmBlackRockBank of . 
1M Rtn0.8%2.4%-2.4%-1.4%9.6%0.1%0.5%
3M Rtn-12.3%18.1%-0.2%-0.5%8.4%14.4%4.1%
6M Rtn-32.8%17.4%-10.3%3.4%6.9%35.2%5.2%
12M Rtn-36.5%-11.3%-14.7%-13.0%2.8%57.3%-12.1%
3Y Rtn-39.4%-2.3%12.8%1.4%84.1%291.3%7.1%
1M Excs Rtn-4.7%0.4%-5.5%-3.6%7.9%-4.2%-3.9%
3M Excs Rtn-17.2%16.6%-4.4%-5.3%6.3%11.4%0.9%
6M Excs Rtn-43.8%6.3%-21.4%-7.7%-4.1%24.1%-5.9%
12M Excs Rtn-54.1%-27.1%-35.0%-31.5%-15.4%39.3%-29.3%
3Y Excs Rtn-113.3%-75.7%-62.0%-70.4%10.1%212.2%-66.2%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Investment Management Industry125124117123132
Total125124117123132


Net Income by Segment
$ Mil202520242023
Investment Management Industry81615
Total81615


Price Behavior

Price Behavior
Market Price$10.03 
Market Cap ($ Bil)0.1 
First Trading Date06/27/2013 
Distance from 52W High-36.5% 
   50 Days200 Days
DMA Price$10.31$12.75
DMA Trenddowndown
Distance from DMA-2.7%-21.3%
 3M1YR
Volatility48.5%33.8%
Downside Capture46.5390.02
Upside Capture-19.9318.26
Correlation (SPY)-6.6%13.4%
SAMG Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta0.60-0.37-0.360.080.420.64
Up Beta-1.12-2.32-1.95-0.53-0.100.54
Down Beta3.270.750.370.320.470.58
Up Capture37%-44%-56%-11%19%24%
Bmk +ve Days11223567138427
Stock +ve Days11202760121369
Down Capture13%3%41%68%94%98%
Bmk -ve Days11212859114326
Stock -ve Days11233565129371

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SAMG
SAMG-34.2%34.0%-1.18-
Sector ETF (XLF)10.1%14.6%0.4430.5%
Equity (SPY)21.1%12.9%1.2213.8%
Gold (GLD)37.5%28.8%1.100.0%
Commodities (DBC)43.2%20.2%1.66-17.9%
Real Estate (VNQ)12.9%13.8%0.6421.7%
Bitcoin (BTCUSD)-31.6%44.1%-0.7311.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SAMG
SAMG-4.7%33.7%-0.09-
Sector ETF (XLF)10.1%18.4%0.4139.5%
Equity (SPY)12.9%17.2%0.5734.1%
Gold (GLD)20.6%18.6%0.905.3%
Commodities (DBC)10.4%19.6%0.414.7%
Real Estate (VNQ)2.3%18.9%0.0233.7%
Bitcoin (BTCUSD)10.4%52.8%0.3816.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SAMG
SAMG2.7%41.3%0.20-
Sector ETF (XLF)13.5%22.0%0.5646.2%
Equity (SPY)15.2%17.9%0.7241.5%
Gold (GLD)12.7%16.2%0.643.4%
Commodities (DBC)8.0%18.0%0.3611.6%
Real Estate (VNQ)5.0%20.7%0.2040.3%
Bitcoin (BTCUSD)63.1%66.1%1.0311.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 7152026-1.6%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest3.2 days
Basic Shares Quantity7.7 Mil
Short % of Basic Shares2.4%

Earnings Returns History

Updated 8/10/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/20263.8%2.4% 
5/11/2026-5.3%-9.5%-16.0%
3/16/2026-5.0%-2.9%-2.8%
10/31/20250.6%-3.4%5.0%
7/31/2025-3.0%-0.4%0.2%
5/8/2025-10.3%-9.0%-6.8%
3/6/2025-1.3%-3.3%-10.3%
10/31/2024-5.9%1.1%4.0%
...
SUMMARY STATS   
# Positive111113
# Negative141411
Median Positive1.2%3.6%9.1%
Median Negative-4.5%-4.5%-6.8%
Max Positive6.6%7.5%25.1%
Max Negative-10.3%-12.0%-16.0%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/20263.8%2.4% 
5/11/2026-5.3%-9.5%-16.0%
3/16/2026-5.0%-2.9%-2.8%
10/31/20250.6%-3.4%5.0%
7/31/2025-3.0%-0.4%0.2%
5/8/2025-10.3%-9.0%-6.8%
3/6/2025-1.3%-3.3%-10.3%
10/31/2024-5.9%1.1%4.0%
8/1/2024-5.7%-12.0%-5.2%
5/2/2024-0.4%3.9%9.7%
3/7/2024-4.0%-10.7%-11.6%
11/3/2023-5.7%-6.9%-8.5%
7/27/20231.0%-2.1%-6.8%
5/4/2023-1.2%2.7%11.2%
3/2/2023-2.1%-2.5%3.3%
11/3/20220.0%1.9%3.1%
7/28/20222.1%-0.7%9.7%
5/5/20221.4%-5.9%-1.3%
3/2/20226.6%7.5%25.1%
11/4/20210.8%1.1%-2.4%
7/29/20211.5%4.5%3.6%
5/6/20210.0%-5.6%17.8%
3/4/20211.2%4.3%-1.7%
11/5/2020-8.3%3.6%19.0%
8/3/2020-4.0%7.0%9.1%
SUMMARY STATS   
# Positive111113
# Negative141411
Median Positive1.2%3.6%9.1%
Median Negative-4.5%-4.5%-6.8%
Max Positive6.6%7.5%25.1%
Max Negative-10.3%-12.0%-16.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202607/30/202610-Q
03/31/202605/11/202610-Q
12/31/202503/16/202610-K
09/30/202510/31/202510-Q
06/30/202507/31/202510-Q
03/31/202505/08/202510-Q
12/31/202403/06/202510-K
09/30/202410/31/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202303/07/202410-K
09/30/202311/03/202310-Q
06/30/202307/27/202310-Q
03/31/202305/04/202310-Q
12/31/202203/02/202310-K
09/30/202211/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202607/30/202610-Q
03/31/202605/11/202610-Q
12/31/202503/16/202610-K
09/30/202510/31/202510-Q
06/30/202507/31/202510-Q
03/31/202505/08/202510-Q
12/31/202403/06/202510-K
09/30/202410/31/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202303/07/202410-K
09/30/202311/03/202310-Q
06/30/202307/27/202310-Q
03/31/202305/04/202310-Q
12/31/202203/02/202310-K
09/30/202211/03/202210-Q
06/30/202207/28/202210-Q
03/31/202205/05/202210-Q
12/31/202103/02/202210-K
09/30/202111/04/202110-Q
06/30/202107/29/202110-Q
03/31/202105/06/202110-Q
12/31/202003/04/202110-K
09/30/202011/05/202010-Q
06/30/202008/03/202010-Q
03/31/202004/30/202010-Q
12/31/201903/05/202010-K
09/30/201910/31/201910-Q

Insider Activity

Updated 5/8/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Gray, John AllenManaging DirectorDirectBuy1201202513.851,28517,797594,096Form
2Gray, John AllenManaging DirectorDirectBuy1201202513.835,50076,065575,466Form
3Gray, John AllenManaging DirectorDirectBuy1201202513.6615,000204,900493,263Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Gray, John AllenManaging DirectorDirectBuy1201202513.851,28517,797594,096Form
2Gray, John AllenManaging DirectorDirectBuy1201202513.835,50076,065575,466Form
3Gray, John AllenManaging DirectorDirectBuy1201202513.6615,000204,900493,263Form
Core Cache Last Updated: 8/23/2026