Susan Byrne Sells 1,000 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $18.31, for a total transaction of $18,310.00. Following the sale, the director directly owned 255,811 shares in the company, valued at $4,683,899.41. This trade represents a 0.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Shares of NYSE:WHG opened at $18.61 on Wednesday. The firm has a fifty day moving average price of $16.73 and a two-hundred day moving average price of $16.98. The company has a market cap of $176.61 million, a price-to-earnings ratio of 22.42 and a beta of 0.61. Westwood Holdings Group Inc has a one year low of $14.70 and a one year high of $18.99.

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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s payout ratio is presently 72.29%.

Hedge Funds Weigh In On Westwood Holdings Group

A number of large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Westwood Holdings Group in the second quarter worth approximately $63,000. Raymond James Financial Inc. bought a new stake in shares of Westwood Holdings Group in the 2nd quarter worth approximately $85,000. New York State Common Retirement Fund bought a new stake in shares of Westwood Holdings Group in the 2nd quarter worth approximately $98,000. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 6,990 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Westwood Holdings Group by 39.9% during the 4th quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock valued at $173,000 after purchasing an additional 2,861 shares during the last quarter. 56.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WHG has been the subject of several recent analyst reports. Wall Street Zen raised Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings lowered shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Westwood Holdings Group has an average rating of “Buy”.

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.