Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 4,274 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 4,274 shares of Westwood Holdings Group stock in a transaction on Friday, June 26th. The shares were sold at an average price of $19.39, for a total value of $82,872.86. Following the completion of the sale, the director directly owned 247,237 shares of the company’s stock, valued at approximately $4,793,925.43. This represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

NYSE WHG traded down $1.11 during trading hours on Tuesday, hitting $19.04. 32,847 shares of the company’s stock were exchanged, compared to its average volume of 14,973. The business’s 50 day moving average is $16.94 and its 200-day moving average is $17.06. Westwood Holdings Group Inc has a 12-month low of $14.70 and a 12-month high of $20.97. The firm has a market capitalization of $180.66 million, a P/E ratio of 22.94 and a beta of 0.61.

Westwood Holdings Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis 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

Several hedge funds and other institutional investors have recently modified their holdings of WHG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Westwood Holdings Group during the 2nd quarter worth about $63,000. Raymond James Financial Inc. purchased a new position in Westwood Holdings Group in the second quarter valued at approximately $85,000. New York State Common Retirement Fund purchased a new position in Westwood Holdings Group in the second quarter valued at approximately $98,000. JPMorgan Chase & Co. lifted its position 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 valued at $118,000 after buying an additional 6,990 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position 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 valued at $173,000 after buying an additional 2,861 shares in the last quarter. 56.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WHG. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings cut shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Westwood Holdings Group currently has a consensus 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.