Susan Byrne Sells 1,091 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,091 shares of Westwood Holdings Group stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $19.17, for a total value of $20,914.47. Following the sale, the director owned 239,017 shares in the company, valued at $4,581,955.89. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 0.4%

NYSE:WHG opened at $19.23 on Thursday. The company has a market capitalization of $182.54 million, a PE ratio of 23.17 and a beta of 0.57. Westwood Holdings Group Inc has a 52-week low of $14.70 and a 52-week high of $20.97. The stock’s 50 day moving average price is $17.04 and its 200 day moving average price is $17.09.

Westwood Holdings Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is presently 72.29%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds and other institutional investors have recently bought and sold shares of WHG. Goldman Sachs Group Inc. purchased a new stake in Westwood Holdings Group during the first quarter worth $213,000. Empowered Funds LLC increased its position in shares of Westwood Holdings Group by 8.7% in the first quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager’s stock valued at $466,000 after buying an additional 2,291 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Westwood Holdings Group during the 1st quarter worth $366,000. Geode Capital Management LLC boosted its position in shares of Westwood Holdings Group by 141.0% in the 2nd quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock worth $2,515,000 after buying an additional 94,311 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Westwood Holdings Group by 1,277.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after buying an additional 6,990 shares in the last quarter. 56.64% of the stock is owned by institutional investors and hedge funds.

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.