Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 1,800 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $17.55, for a total value of $31,590.00. Following the completion of the transaction, the director owned 270,921 shares in the company, valued at approximately $4,754,663.55. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Westwood Holdings Group stock opened at $17.84 on Friday. The stock’s 50-day moving average is $16.47 and its 200-day moving average is $16.90. The company has a market cap of $169.34 million, a price-to-earnings ratio of 21.50 and a beta of 0.61. Westwood Holdings Group Inc has a 12 month low of $14.70 and a 12 month high of $18.99.

Westwood Holdings Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio (DPR) is 72.29%.

Institutional Investors Weigh In On Westwood Holdings Group

Hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Westwood Holdings Group during the 2nd quarter valued at approximately $63,000. Raymond James Financial Inc. acquired a new stake in Westwood Holdings Group during the 2nd quarter valued at approximately $85,000. New York State Common Retirement Fund acquired a new stake in Westwood Holdings Group during the 2nd quarter valued at approximately $98,000. JPMorgan Chase & Co. grew its stake in 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 valued at $118,000 after purchasing an additional 6,990 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in 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 valued at $173,000 after purchasing an additional 2,861 shares in the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on WHG shares. Weiss Ratings downgraded Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Westwood Holdings Group presently has a consensus 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.