Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 991 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 991 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $16.27, for a total transaction of $16,123.57. Following the completion of the sale, the director owned 286,000 shares in the company, valued at approximately $4,653,220. The trade was a 0.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Down 0.2%

Shares of WHG stock opened at $16.16 on Thursday. The stock has a market cap of $153.36 million, a P/E ratio of 19.47 and a beta of 0.62. Westwood Holdings Group Inc has a 52 week low of $14.51 and a 52 week high of $18.99. The company’s fifty day simple moving average is $16.19 and its two-hundred day simple moving average is $16.88.

Westwood Holdings Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a $0.15 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.60 annualized dividend and a yield of 3.7%. Westwood Holdings Group’s payout ratio is presently 72.29%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. One equities 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 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 about $63,000. Raymond James Financial Inc. purchased a new stake in shares of Westwood Holdings Group during the 2nd quarter valued at about $85,000. New York State Common Retirement Fund purchased a new stake in shares of Westwood Holdings Group during the 2nd quarter valued at about $98,000. JPMorgan Chase & Co. raised 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 valued at $118,000 after buying an additional 6,990 shares in the last quarter. Finally, Wells Fargo & Company MN raised 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 valued at $173,000 after buying an additional 2,861 shares in the last quarter. 56.64% of the stock is currently 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.