MetLife Investment Advisors LLC acquired a new stake in shares of Westwood Holdings Group Inc (NYSE:WHG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,235 shares of the asset manager’s stock, valued at approximately $214,000.
Several other institutional investors and hedge funds also recently made changes to their positions in WHG. First Trust Advisors LP lifted its position in Westwood Holdings Group by 13.2% during the fourth quarter. First Trust Advisors LP now owns 7,157 shares of the asset manager’s stock valued at $474,000 after purchasing an additional 834 shares during the period. Guggenheim Capital LLC raised its position in shares of Westwood Holdings Group by 8.0% in the fourth quarter. Guggenheim Capital LLC now owns 15,535 shares of the asset manager’s stock worth $1,030,000 after acquiring an additional 1,151 shares during the period. Aperio Group LLC raised its position in shares of Westwood Holdings Group by 38.0% in the fourth quarter. Aperio Group LLC now owns 6,346 shares of the asset manager’s stock worth $420,000 after acquiring an additional 1,747 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Westwood Holdings Group in the fourth quarter worth about $128,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Westwood Holdings Group by 5.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 41,683 shares of the asset manager’s stock worth $2,805,000 after acquiring an additional 2,158 shares during the period. 67.21% of the stock is currently owned by hedge funds and other institutional investors.
Separately, TheStreet downgraded shares of Westwood Holdings Group from a “b” rating to a “c+” rating in a research report on Friday, February 9th.
WHG stock opened at $58.72 on Friday. The stock has a market cap of $523.04 million, a PE ratio of 20.21 and a beta of 1.51. Westwood Holdings Group Inc has a 52 week low of $52.79 and a 52 week high of $71.00.
Westwood Holdings Group (NYSE:WHG) last released its earnings results on Wednesday, April 25th. The asset manager reported $0.99 EPS for the quarter. Westwood Holdings Group had a net margin of 16.26% and a return on equity of 15.65%. The business had revenue of $33.57 million during the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 8th will be paid a dividend of $0.68 per share. The ex-dividend date is Thursday, June 7th. This represents a $2.72 annualized dividend and a yield of 4.63%.
About Westwood Holdings Group
Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.
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