Westwood Holdings Group (NYSE:WHG) Director Sells $31,590.00 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $17.55, for a total transaction of $31,590.00. Following the sale, the director owned 270,921 shares in the company, valued at $4,754,663.55. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 2.4%

Shares of WHG opened at $17.84 on Monday. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $18.99. The stock has a market capitalization of $169.34 million, a P/E ratio of 21.50 and a beta of 0.61. The company has a 50 day moving average of $16.47 and a 200-day moving average of $16.91.

Westwood Holdings Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a yield of 3.4%. Westwood Holdings Group’s dividend payout ratio (DPR) is 72.29%.

Analysts Set New Price Targets

WHG has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Westwood Holdings Group

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Westwood Holdings Group during the second quarter worth $63,000. Raymond James Financial Inc. acquired a new position in Westwood Holdings Group during the second quarter worth $85,000. New York State Common Retirement Fund acquired a new position in Westwood Holdings Group during the second quarter worth $98,000. JPMorgan Chase & Co. increased its holdings in Westwood Holdings Group by 1,277.9% during the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after buying an additional 6,990 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Westwood Holdings Group by 39.9% during the fourth quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock worth $173,000 after buying an additional 2,861 shares during the last quarter. 56.64% of the stock is currently owned by institutional investors and hedge funds.

Westwood Holdings Group Company Profile

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.