Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 991 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 991 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $16.27, for a total value of $16,123.57. Following the transaction, the director directly owned 286,000 shares of the company’s stock, valued at approximately $4,653,220. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 down $0.04 on Wednesday, reaching $16.16. 12,009 shares of the company were exchanged, compared to its average volume of 10,881. Westwood Holdings Group Inc has a 1-year low of $14.51 and a 1-year high of $18.99. The company has a market cap of $153.36 million, a P/E ratio of 19.47 and a beta of 0.62. The stock’s 50 day moving average price is $16.20 and its 200-day moving average price is $16.89.

Westwood Holdings Group Dividend Announcement

The company 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 $0.15 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a yield of 3.7%. Westwood Holdings Group’s payout ratio is currently 72.29%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Westwood Holdings Group

Large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Westwood Holdings Group during the second quarter worth approximately $63,000. Raymond James Financial Inc. purchased a new position in Westwood Holdings Group in the second quarter worth $85,000. New York State Common Retirement Fund purchased a new position in Westwood Holdings Group in the second quarter worth $98,000. JPMorgan Chase & Co. raised its position in Westwood Holdings Group by 1,277.9% in 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 in the last quarter. Finally, Wells Fargo & Company MN raised its position in Westwood Holdings Group by 39.9% in the fourth quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock worth $173,000 after acquiring an additional 2,861 shares in the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

About Westwood Holdings Group

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.