Susan Byrne Sells 616 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 616 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $17.34, for a total value of $10,681.44. Following the completion of the sale, the director directly owned 275,228 shares in the company, valued at $4,772,453.52. This trade represents a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 $0.43 during trading on Tuesday, hitting $17.46. The company’s stock had a trading volume of 23,752 shares, compared to its average volume of 11,376. Westwood Holdings Group Inc has a 52 week low of $14.70 and a 52 week high of $18.99. The stock has a market cap of $165.65 million, a price-to-earnings ratio of 21.03 and a beta of 0.61. The stock has a 50-day moving average price of $16.39 and a two-hundred day moving average price of $16.88.

Westwood Holdings Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 annualized dividend and a yield of 3.4%. Westwood Holdings Group’s dividend payout ratio (DPR) is currently 72.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings cut 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 MarketBeat.com, Westwood Holdings Group has an average rating of “Buy”.

Institutional Investors Weigh In On Westwood Holdings Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Westwood Holdings Group during the second quarter valued at $63,000. Raymond James Financial Inc. purchased a new stake in Westwood Holdings Group during the 2nd quarter valued at $85,000. New York State Common Retirement Fund purchased a new stake in Westwood Holdings Group during the 2nd quarter valued at $98,000. JPMorgan Chase & Co. boosted 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 during the last quarter. Finally, Wells Fargo & Company MN boosted 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 during the last quarter. 56.64% of the stock is owned by hedge funds and other institutional investors.

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.