Susan Byrne Sells 1,634 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,634 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $18.29, for a total transaction of $29,885.86. Following the sale, the director owned 258,710 shares of the company’s stock, valued at $4,731,805.90. This represents a 0.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Trading Down 0.9%

Shares of NYSE:WHG opened at $17.95 on Thursday. The company has a market capitalization of $170.34 million, a PE ratio of 21.63 and a beta of 0.61. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $18.99. The firm has a 50 day simple moving average of $16.57 and a 200-day simple moving average of $16.93.

Westwood Holdings Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s payout ratio is currently 72.29%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on WHG shares. Wall Street Zen raised Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings downgraded Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Westwood Holdings Group presently has an average rating of “Buy”.

Hedge Funds Weigh In On Westwood Holdings Group

Large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Westwood Holdings Group in the 2nd quarter valued at approximately $63,000. Raymond James Financial Inc. acquired a new stake in shares of Westwood Holdings Group in the 2nd quarter valued at approximately $85,000. New York State Common Retirement Fund acquired a new stake in shares of Westwood Holdings Group in the 2nd quarter valued at approximately $98,000. JPMorgan Chase & Co. lifted its holdings in shares of Westwood Holdings Group by 1,277.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock valued at $118,000 after buying an additional 6,990 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Westwood Holdings Group by 39.9% in the 4th quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock valued at $173,000 after buying an additional 2,861 shares during the period. Hedge funds and other institutional investors own 56.64% of the company’s stock.

About Westwood Holdings Group

Westwood Holdings Group, Inc is an independent, publicly traded asset management firm founded in 1983 and headquartered in Kansas City, Missouri. Through its wholly owned subsidiaries, the company offers a range of investment advisory services tailored to institutional, retail, and high-net-worth clients. Westwood’s disciplined, value-oriented approach guides its research process across equity and fixed-income markets, with an emphasis on fundamental analysis and long-term risk management.

The firm’s product lineup includes U.S.