Westwood Holdings Group (NYSE:WHG) Director Sells 3,584 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 3,584 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $19.35, for a total transaction of $69,350.40. Following the sale, the director directly owned 234,925 shares in the company, valued at $4,545,798.75. This represents a 1.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Shares of WHG stock traded up $0.10 during trading on Tuesday, reaching $20.34. The company’s stock had a trading volume of 20,669 shares, compared to its average volume of 39,413. Westwood Holdings Group Inc has a 1-year low of $14.70 and a 1-year high of $20.97. The stock’s 50-day moving average price is $17.34 and its 200 day moving average price is $17.15. The company has a market capitalization of $193.02 million, a price-to-earnings ratio of 24.50 and a beta of 0.57.

Westwood Holdings Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.9%. Westwood Holdings Group’s dividend payout ratio is currently 72.29%.

Institutional Investors Weigh In On Westwood Holdings Group

Institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Westwood Holdings Group during the 2nd quarter valued at $63,000. Raymond James Financial Inc. acquired a new position in Westwood Holdings Group in the second quarter valued at $85,000. New York State Common Retirement Fund purchased a new stake in Westwood Holdings Group during the second quarter valued at about $98,000. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 6,990 shares during the period. Finally, Wells Fargo & Company MN increased its position in 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 purchasing an additional 2,861 shares in the last quarter. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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