Susan Byrne Sells 1,634 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,634 shares of Westwood Holdings Group stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $18.29, for a total transaction of $29,885.86. Following the transaction, the director directly owned 258,710 shares of the company’s stock, valued at $4,731,805.90. This represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 Performance

Westwood Holdings Group stock traded up $0.14 on Tuesday, reaching $18.14. The company’s stock had a trading volume of 26,642 shares, compared to its average volume of 12,297. The company has a market cap of $172.10 million, a price-to-earnings ratio of 21.85 and a beta of 0.61. The business’s fifty day moving average price is $16.53 and its 200 day moving average price is $16.92. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $18.99.

Westwood Holdings Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid 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 3.3%. Westwood Holdings Group’s payout ratio is currently 72.29%.

Hedge Funds Weigh In On Westwood Holdings Group

Several large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Westwood Holdings Group in the second quarter valued at approximately $63,000. Raymond James Financial Inc. acquired a new position in Westwood Holdings Group in the second quarter valued at approximately $85,000. New York State Common Retirement Fund acquired a new position in Westwood Holdings Group in the second quarter valued at approximately $98,000. JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 6,990 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in 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 buying an additional 2,861 shares during the period. 56.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WHG has been the topic of a number of research reports. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings cut shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Westwood Holdings Group has a consensus rating of “Buy”.

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.