Westwood Holdings Group (NYSE:WHG) Announces Earnings Results

Westwood Holdings Group (NYSE:WHG) issued its earnings results on Friday. The asset manager reported $0.36 EPS for the quarter, FiscalAI reports. Westwood Holdings Group had a net margin of 7.58% and a return on equity of 8.74%.

Westwood Holdings Group Price Performance

WHG traded up $0.19 during trading on Friday, reaching $17.94. The company had a trading volume of 7,580 shares, compared to its average volume of 8,869. The company has a market cap of $168.82 million, a P/E ratio of 21.88 and a beta of 0.76. Westwood Holdings Group has a 12 month low of $14.00 and a 12 month high of $18.99. The business’s fifty day moving average price is $17.80 and its 200 day moving average price is $17.27.

Insider Activity at Westwood Holdings Group

In related news, CEO Brian O. Casey sold 8,341 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $16.55, for a total value of $138,043.55. Following the sale, the chief executive officer directly owned 492,359 shares of the company’s stock, valued at approximately $8,148,541.45. The trade was a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 11,595 shares of company stock worth $191,564 in the last quarter. Company insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On Westwood Holdings Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Westwood Holdings Group in the 2nd quarter valued at about $63,000. Raymond James Financial Inc. acquired a new position in Westwood Holdings Group during the second quarter valued at approximately $85,000. New York State Common Retirement Fund bought a new position in Westwood Holdings Group in the second quarter valued at approximately $98,000. JPMorgan Chase & Co. increased its position 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 purchasing an additional 6,990 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Westwood Holdings Group by 39.9% during the 4th quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock worth $173,000 after purchasing an additional 2,861 shares in the last quarter. 56.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Westwood Holdings Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Westwood Holdings Group has an average 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.