Susan Byrne Sells 1,900 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,900 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $17.46, for a total value of $33,174.00. Following the completion of the transaction, the director directly owned 272,721 shares in the company, valued at approximately $4,761,708.66. This represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Shares of NYSE WHG opened at $17.61 on Thursday. The stock’s fifty day moving average price is $16.41 and its two-hundred day moving average price is $16.89. Westwood Holdings Group Inc has a one year low of $14.70 and a one year high of $18.99. The firm has a market cap of $167.12 million, a price-to-earnings ratio of 21.22 and a beta of 0.61.

Westwood Holdings Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is presently 72.29%.

Institutional Trading of Westwood Holdings Group

Institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Westwood Holdings Group during the 2nd quarter valued at $63,000. Raymond James Financial Inc. bought a new stake in shares of Westwood Holdings Group during the 2nd quarter worth $85,000. New York State Common Retirement Fund bought a new stake in shares of Westwood Holdings Group during the 2nd quarter worth $98,000. JPMorgan Chase & Co. lifted 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 buying an additional 6,990 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of 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 worth $173,000 after buying an additional 2,861 shares during the last quarter. 56.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WHG has been the subject of a number of recent analyst reports. Weiss Ratings downgraded Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Westwood Holdings Group currently has a consensus rating of “Buy”.

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.