Westwood Holdings Group Inc (NYSE:WHG) Plans Quarterly Dividend of $0.15

Westwood Holdings Group Inc (NYSE:WHG) declared a quarterly dividend on Friday, February 13th. Shareholders of record on Tuesday, March 3rd will be paid a dividend of 0.15 per share by the asset manager on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, March 3rd.

Westwood Holdings Group has raised its dividend by an average of 0.1%annually over the last three years.

Westwood Holdings Group Stock Down 1.3%

Shares of NYSE WHG opened at $16.95 on Friday. The firm has a market cap of $159.45 million, a P/E ratio of 21.45 and a beta of 0.76. Westwood Holdings Group has a twelve month low of $14.00 and a twelve month high of $18.99. The company has a 50 day moving average of $17.71 and a 200 day moving average of $17.22.

Insiders Place Their Bets

In related news, CEO Brian O. Casey sold 8,341 shares of Westwood Holdings Group stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $16.55, for a total value of $138,043.55. Following the completion of the sale, the chief executive officer owned 492,359 shares of the company’s stock, valued at $8,148,541.45. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 11,456 shares of company stock worth $189,201. 8.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Westwood Holdings Group during the 2nd quarter valued at about $63,000. Raymond James Financial Inc. bought a new stake in Westwood Holdings Group during the second quarter valued at approximately $85,000. New York State Common Retirement Fund purchased a new stake in Westwood Holdings Group during the second quarter valued at approximately $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 during the period. Finally, Wells Fargo & Company MN boosted its stake 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 acquiring an additional 2,861 shares during the last quarter. 56.64% of the stock is owned by hedge funds and other institutional investors.

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.