Susan Byrne Sells 4,367 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 4,367 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $17.86, for a total transaction of $77,994.62. Following the completion of the transaction, the director owned 263,254 shares in the company, valued at approximately $4,701,716.44. This trade represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 0.8%

Shares of WHG stock traded up $0.14 during trading on Tuesday, hitting $18.14. The company had a trading volume of 26,642 shares, compared to its average volume of 12,297. The stock’s 50-day moving average is $16.53 and its two-hundred day moving average is $16.92. The stock has a market capitalization of $172.10 million, a price-to-earnings ratio of 21.85 and a beta of 0.61. Westwood Holdings Group Inc has a 52 week low of $14.70 and a 52 week high of $18.99.

Westwood Holdings Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Analyst Upgrades and Downgrades

WHG has been the subject of several research reports. Wall Street Zen raised Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings lowered Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Institutional Trading of Westwood Holdings Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Westwood Holdings Group in the second quarter worth approximately $63,000. Raymond James Financial Inc. purchased a new stake in shares of Westwood Holdings Group during the second quarter valued at approximately $85,000. New York State Common Retirement Fund purchased a new stake in shares of Westwood Holdings Group during the second quarter valued at approximately $98,000. JPMorgan Chase & Co. boosted its stake 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 valued at $118,000 after purchasing an additional 6,990 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Westwood Holdings Group by 39.9% during the fourth 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 period. Hedge funds and other institutional investors 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.