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

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

Westwood Holdings Group Trading Up 0.8%

WHG opened at $18.14 on Wednesday. The stock has a 50-day moving average price of $16.53 and a 200-day moving average price of $16.92. Westwood Holdings Group Inc has a 12-month low of $14.70 and a 12-month high of $18.99. The stock has a market capitalization of $172.10 million, a P/E ratio of 21.85 and a beta of 0.61.

Westwood Holdings Group Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WHG. Goldman Sachs Group Inc. purchased a new position in Westwood Holdings Group during the 1st quarter valued at about $213,000. Empowered Funds LLC increased its holdings in Westwood Holdings Group by 8.7% during the 1st quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager’s stock valued at $466,000 after purchasing an additional 2,291 shares during the period. Jane Street Group LLC purchased a new position in Westwood Holdings Group during the 1st quarter valued at about $366,000. Geode Capital Management LLC increased its holdings in Westwood Holdings Group by 141.0% during the 2nd quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock valued at $2,515,000 after purchasing an additional 94,311 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in 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 purchasing an additional 6,990 shares during the period. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings lowered Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus 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.