King Luther Capital Management Corp maintained its stake in Westwood Holdings Group Inc (NYSE:WHG) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,850 shares of the asset manager’s stock at the close of the second quarter. King Luther Capital Management Corp owned approximately 0.72% of Westwood Holdings Group worth $3,336,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WHG. Russell Investments Group Ltd. raised its holdings in Westwood Holdings Group by 12.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,611 shares of the asset manager’s stock valued at $205,000 after acquiring an additional 410 shares during the last quarter. Cigna Investments Inc. New acquired a new stake in Westwood Holdings Group in the 2nd quarter valued at about $278,000. Alliancebernstein L.P. raised its holdings in Westwood Holdings Group by 42.6% in the 2nd quarter. Alliancebernstein L.P. now owns 6,361 shares of the asset manager’s stock valued at $361,000 after acquiring an additional 1,900 shares during the last quarter. Strs Ohio raised its holdings in Westwood Holdings Group by 2.5% in the 2nd quarter. Strs Ohio now owns 12,100 shares of the asset manager’s stock valued at $685,000 after acquiring an additional 300 shares during the last quarter. Finally, Teachers Advisors LLC raised its holdings in Westwood Holdings Group by 21.0% in the 2nd quarter. Teachers Advisors LLC now owns 15,873 shares of the asset manager’s stock valued at $900,000 after acquiring an additional 2,752 shares during the last quarter. 65.09% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a report on Monday, August 14th.

In related news, Vice Chairman Susan M. Byrne sold 14,900 shares of the firm’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $58.03, for a total transaction of $864,647.00. Following the completion of the sale, the insider now directly owns 299,747 shares of the company’s stock, valued at approximately $17,394,318.41. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Susan M. Byrne sold 2,613 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $60.01, for a total transaction of $156,806.13. Following the sale, the insider now directly owns 283,080 shares of the company’s stock, valued at $16,987,630.80. The disclosure for this sale can be found here. Insiders have sold 45,753 shares of company stock worth $2,675,991 in the last three months. Insiders own 9.60% of the company’s stock.

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Shares of Westwood Holdings Group Inc (NYSE:WHG) opened at 60.67 on Friday. Westwood Holdings Group Inc has a 12-month low of $49.84 and a 12-month high of $63.99. The firm has a market cap of $496.77 million, a P/E ratio of 18.98 and a beta of 1.52. The firm has a 50-day moving average of $59.55 and a 200-day moving average of $56.58.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Thursday, September 7th. Westwood Holdings Group’s payout ratio is 77.50%.

About Westwood Holdings Group

Westwood Holdings Group, Inc (Westwood) is a holding company. The Company operates through two segments: Advisory and Trust. The Company, through its subsidiaries, manages investment assets and provides services for its clients. Its subsidiaries include Westwood Management Corp. and Westwood Advisors, LLC (together, Westwood Management), Westwood International Advisors Inc (Westwood International) and Westwood Trust.

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Institutional Ownership by Quarter for Westwood Holdings Group (NYSE:WHG)

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