Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 607 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 607 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $17.11, for a total value of $10,385.77. Following the completion of the sale, the director directly owned 274,621 shares in the company, valued at approximately $4,698,765.31. The trade was a 0.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 2.5%

NYSE WHG traded up $0.43 on Tuesday, reaching $17.46. The stock had a trading volume of 23,752 shares, compared to its average volume of 11,376. The firm has a market capitalization of $165.65 million, a price-to-earnings ratio of 21.03 and a beta of 0.61. Westwood Holdings Group Inc has a 12-month low of $14.70 and a 12-month high of $18.99. The stock has a fifty day moving average price of $16.39 and a two-hundred day moving average price of $16.88.

Westwood Holdings Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders 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 payout ratio is presently 72.29%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen raised 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 research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Westwood Holdings Group has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of institutional investors and 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 second quarter worth about $63,000. Raymond James Financial Inc. purchased a new stake in Westwood Holdings Group in the 2nd quarter valued at approximately $85,000. New York State Common Retirement Fund acquired a new position in Westwood Holdings Group during the 2nd quarter worth approximately $98,000. JPMorgan Chase & Co. raised its stake in shares of Westwood Holdings Group by 1,277.9% during the 2nd 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 in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Westwood Holdings Group by 39.9% in the 4th 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 during the period. 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.