Westwood Holdings Group (NYSE:WHG) Director Sells $46,125.00 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $18.45, for a total value of $46,125.00. Following the completion of the sale, the director directly owned 253,311 shares in the company, valued at approximately $4,673,587.95. This represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Shares of Westwood Holdings Group stock traded up $0.22 during midday trading on Thursday, hitting $18.29. The company had a trading volume of 14,344 shares, compared to its average volume of 13,074. Westwood Holdings Group Inc has a 1-year low of $14.70 and a 1-year high of $18.99. The business’s 50 day simple moving average is $16.76 and its two-hundred day simple moving average is $17.00. The stock has a market cap of $173.57 million, a PE ratio of 22.04 and a beta of 0.61.

Westwood Holdings Group Dividend Announcement

The company also recently disclosed 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 is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.3%. Westwood Holdings Group’s dividend payout ratio (DPR) is currently 72.29%.

Institutional Trading of Westwood Holdings Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Westwood Holdings Group in the second quarter worth about $63,000. Raymond James Financial Inc. acquired a new stake in Westwood Holdings Group during the second quarter valued at approximately $85,000. New York State Common Retirement Fund acquired a new stake in Westwood Holdings Group during the second quarter valued at approximately $98,000. JPMorgan Chase & Co. grew its stake in shares of Westwood Holdings Group by 1,277.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock valued at $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% in the 4th quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock worth $173,000 after buying an additional 2,861 shares in the last quarter. Institutional investors own 56.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WHG. Weiss Ratings cut Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Westwood Holdings Group presently 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.