Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 7,129 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 7,129 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $20.03, for a total value of $142,793.87. Following the transaction, the director directly owned 240,108 shares of the company’s stock, valued at approximately $4,809,363.24. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Down 5.5%

WHG opened at $19.04 on Wednesday. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $20.97. The company has a 50-day moving average price of $16.99 and a 200 day moving average price of $17.08. The company has a market cap of $180.66 million, a PE ratio of 22.94 and a beta of 0.61.

Westwood Holdings Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders 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 dividend on an annualized basis and a yield of 3.2%. Westwood Holdings Group’s payout ratio is 72.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WHG. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings lowered shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

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

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.