Susan Byrne Sells 3,584 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 3,584 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $19.35, for a total transaction of $69,350.40. Following the transaction, the director owned 234,925 shares of the company’s stock, valued at approximately $4,545,798.75. The trade was a 1.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Down 4.6%

Shares of NYSE:WHG opened at $19.41 on Thursday. The company has a market cap of $184.15 million, a price-to-earnings ratio of 23.38 and a beta of 0.57. The firm’s 50-day simple moving average is $17.39 and its 200-day simple moving average is $17.16. Westwood Holdings Group Inc has a fifty-two week low of $14.70 and a fifty-two week high of $20.97.

Westwood Holdings Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were given a $0.15 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a yield of 3.1%. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 72.29%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WHG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Westwood Holdings Group during the 2nd quarter valued at about $63,000. Raymond James Financial Inc. acquired a new position in Westwood Holdings Group during the second quarter worth about $85,000. New York State Common Retirement Fund purchased a new stake in shares of Westwood Holdings Group in the second quarter valued at about $98,000. JPMorgan Chase & Co. lifted its holdings in shares of Westwood Holdings Group by 1,277.9% in the second 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 position in shares of Westwood Holdings Group by 39.9% in the fourth 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. 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.