Westwood Holdings Group (NYSE:WHG) Stock Dropped to Hold by Wall Street Zen

Wall Street Zen lowered shares of Westwood Holdings Group (NYSE:WHG – Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

View Our Latest Research Report on WHG

Westwood Holdings Group Stock Performance

Shares of NYSE:WHG opened at $18.62 on Friday. The business has a fifty day moving average of $18.91 and a 200-day moving average of $17.92. Westwood Holdings Group has a twelve month low of $14.70 and a twelve month high of $20.97. The firm has a market cap of $176.75 million, a PE ratio of 22.99 and a beta of 0.57.

Westwood Holdings Group (NYSE:WHG – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The asset manager reported $0.48 earnings per share (EPS) for the quarter. The business had revenue of $26.57 million for the quarter. Westwood Holdings Group had a net margin of 7.00% and a return on equity of 7.25%.

Westwood Holdings Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.2%. Westwood Holdings Group’s payout ratio is presently 68.18%.

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in Westwood Holdings Group by 1.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 599,542 shares of the asset manager’s stock worth $11,637,000 after purchasing an additional 6,975 shares during the period. BlackRock Inc. acquired a new position in Westwood Holdings Group during the 2nd quarter valued at about $11,155,000. Dimensional Fund Advisors LP boosted its stake in shares of Westwood Holdings Group by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 279,685 shares of the asset manager’s stock valued at $4,607,000 after purchasing an additional 5,169 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Westwood Holdings Group by 6.5% in the 1st quarter. Gabelli Funds LLC now owns 82,210 shares of the asset manager’s stock valued at $1,354,000 after purchasing an additional 5,004 shares during the last quarter. Finally, De Lisle Partners LLP bought a new position in shares of Westwood Holdings Group in the 2nd quarter valued at about $960,000. Institutional investors own 56.64% of the company’s stock.

Westwood Holdings Group News Roundup

Here are the key news stories impacting Westwood Holdings Group this week:

Westwood Holdings Group Company Profile

(Get Free Report)

Westwood Holdings Group, Inc is an investment management firm headquartered in Dallas, Texas. Through its subsidiaries, the company provides investment advisory and asset management services to institutional investors, private wealth clients, family offices and investment vehicles.

Westwood manages a range of investment strategies, including equity, income, multi-asset and alternative offerings. Its products and services are designed to address the needs of pension plans, endowments, foundations, corporations, high-net-worth individuals and other investors seeking professionally managed portfolios.

Founded in 1983, Westwood serves clients primarily in the United States and has expanded its capabilities through internal investment teams and strategic acquisitions.

Further Reading

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