Susan Byrne Sells 651 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 651 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $16.08, for a total transaction of $10,468.08. Following the transaction, the director owned 284,549 shares of the company’s stock, valued at $4,575,547.92. This trade represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Trading Down 0.6%

NYSE:WHG opened at $15.93 on Wednesday. The firm has a 50-day moving average price of $16.16 and a two-hundred day moving average price of $16.87. Westwood Holdings Group Inc has a twelve month low of $14.51 and a twelve month high of $18.99. The company has a market capitalization of $151.18 million, a P/E ratio of 19.19 and a beta of 0.62.

Westwood Holdings Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.8%. Westwood Holdings Group’s payout ratio is 72.29%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WHG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Westwood Holdings Group in a report on Friday, March 27th. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Westwood Holdings Group currently has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WHG. Goldman Sachs Group Inc. acquired a new position in Westwood Holdings Group during the first quarter valued at approximately $213,000. Empowered Funds LLC lifted its position in Westwood Holdings Group by 8.7% during the first quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager’s stock valued at $466,000 after buying an additional 2,291 shares in the last quarter. Jane Street Group LLC acquired a new position in Westwood Holdings Group during the first quarter valued at approximately $366,000. Geode Capital Management LLC lifted its position in Westwood Holdings Group by 141.0% during the second quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock valued at $2,515,000 after buying an additional 94,311 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in 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 valued at $118,000 after buying an additional 6,990 shares in the last quarter. 56.64% of the stock is owned by institutional investors and hedge funds.

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.