Westwood Holdings Group (NYSE:WHG) Director Sells $18,310.00 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $18.31, for a total transaction of $18,310.00. Following the sale, the director directly owned 255,811 shares of the company’s stock, valued at $4,683,899.41. The trade was a 0.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

WHG opened at $18.14 on Thursday. The stock has a market capitalization of $172.18 million, a PE ratio of 21.86 and a beta of 0.61. The firm’s fifty day moving average price is $16.76 and its 200 day moving average price is $17.00. Westwood Holdings Group Inc has a 12-month low of $14.70 and a 12-month high of $18.99.

Westwood Holdings Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders 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 annualized dividend and a dividend yield of 3.3%. Westwood Holdings Group’s payout ratio is presently 72.29%.

Hedge Funds Weigh In On Westwood Holdings Group

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Westwood Holdings Group during the second quarter worth $63,000. Raymond James Financial Inc. bought a new stake in Westwood Holdings Group during the second quarter valued at $85,000. New York State Common Retirement Fund acquired a new stake in shares of Westwood Holdings Group during the second quarter worth $98,000. JPMorgan Chase & Co. raised its holdings in shares of Westwood Holdings Group by 1,277.9% during the second 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 period. Finally, Wells Fargo & Company MN raised its holdings in shares of Westwood Holdings Group by 39.9% during the fourth 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 during the period. 56.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently 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.