Susan Byrne Sells 4,274 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 4,274 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $19.39, for a total transaction of $82,872.86. Following the completion of the sale, the director owned 247,237 shares of the company’s stock, valued at $4,793,925.43. This trade represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Trading Up 0.4%

Shares of WHG opened at $19.23 on Thursday. The firm’s 50-day moving average is $17.04 and its two-hundred day moving average is $17.09. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $20.97. The firm has a market capitalization of $182.54 million, a P/E ratio of 23.17 and a beta of 0.57.

Westwood Holdings Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, June 1st. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 72.29%.

Institutional Investors Weigh In On Westwood Holdings Group

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

Analyst Ratings Changes

A number of analysts have commented on the company. Wall Street Zen upgraded 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 research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently 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.