Murray Forbes III Sells 2,859 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) CFO Murray Forbes III sold 2,859 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $16.22, for a total transaction of $46,372.98. Following the transaction, the chief financial officer owned 65,826 shares in the company, valued at approximately $1,067,697.72. The trade was a 4.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Westwood Holdings Group Trading Up 1.7%

NYSE WHG opened at $15.78 on Friday. The firm has a market capitalization of $149.66 million, a P/E ratio of 19.97 and a beta of 0.72. The firm’s fifty day moving average price is $17.38 and its two-hundred day moving average price is $17.08. Westwood Holdings Group Inc has a 1 year low of $14.37 and a 1 year high of $18.99.

Westwood Holdings Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 3rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, March 3rd. Westwood Holdings Group’s dividend payout ratio is presently 75.95%.

Institutional Trading of Westwood Holdings Group

A number of hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. bought a new stake in shares of Westwood Holdings Group during the 1st quarter worth about $213,000. Empowered Funds LLC raised its holdings in Westwood Holdings Group by 8.7% in the 1st 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 during the period. Jane Street Group LLC acquired a new stake in Westwood Holdings Group during the first quarter worth 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 worth $2,515,000 after acquiring an additional 94,311 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of 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 worth $118,000 after acquiring an additional 6,990 shares during the period. Institutional investors and hedge funds own 56.64% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Westwood Holdings Group in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Key Headlines Impacting Westwood Holdings Group

Here are the key news stories impacting Westwood Holdings Group this week:

• Negative Sentiment: Multiple senior insiders sold shares the same day — CEO Brian O. Casey sold 18,943 shares (~$307,255), reducing his stake by ~3.45%. Read More.
• Negative Sentiment: President Fabian Gomez sold 6,223 shares (~$100,937), a ~4.83% cut to his holdings. Read More.
• Negative Sentiment: Other officers also sold: Adrian Helfert sold 10,772 shares (~$174,722, ~6.21% of his position) and Matthew Lockridge sold 5,379 shares (~$87,247, ~6.46% of his position). Read More. Read More.
• Negative Sentiment: CFO Murray Forbes III sold 2,859 shares (~$46,373), a ~4.16% reduction to his stake. Read More.

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.