9,866 Shares in Westwood Holdings Group Inc (WHG) Acquired by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. purchased a new stake in shares of Westwood Holdings Group Inc (NYSE:WHG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,866 shares of the asset manager’s stock, valued at approximately $559,000. Goldman Sachs Group Inc. owned 0.12% of Westwood Holdings Group at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of WHG. Russell Investments Group Ltd. raised its position in Westwood Holdings Group by 12.8% during the second quarter. Russell Investments Group Ltd. now owns 3,611 shares of the asset manager’s stock valued at $205,000 after buying an additional 410 shares during the period. Thrivent Financial For Lutherans acquired a new position in Westwood Holdings Group in the 2nd quarter worth about $246,000. Nationwide Fund Advisors increased its position in Westwood Holdings Group by 2.1% in the 2nd quarter. Nationwide Fund Advisors now owns 4,636 shares of the asset manager’s stock worth $263,000 after purchasing an additional 95 shares during the last quarter. Cigna Investments Inc. New acquired a new position in Westwood Holdings Group in the 2nd quarter worth about $278,000. Finally, Voya Investment Management LLC increased its position in Westwood Holdings Group by 9.3% in the 2nd quarter. Voya Investment Management LLC now owns 5,729 shares of the asset manager’s stock worth $325,000 after purchasing an additional 486 shares during the last quarter. 65.84% of the stock is currently owned by hedge funds and other institutional investors.
In other Westwood Holdings Group news, Vice Chairman Susan M. Byrne sold 2,301 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $62.01, for a total value of $142,685.01. Following the transaction, the insider now directly owns 269,552 shares of the company’s stock, valued at approximately $16,714,919.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Susan M. Byrne sold 6,141 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $62.09, for a total value of $381,294.69. Following the completion of the transaction, the insider now directly owns 269,552 shares in the company, valued at $16,736,483.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,807 shares of company stock worth $2,576,162. Insiders own 9.60% of the company’s stock.
Separately, ValuEngine raised Westwood Holdings Group from a “hold” rating to a “buy” rating in a research report on Monday, August 14th.
Westwood Holdings Group Inc (WHG) opened at $64.02 on Friday. Westwood Holdings Group Inc has a 52-week low of $51.41 and a 52-week high of $71.00. The firm has a market capitalization of $568.78, a PE ratio of 19.52 and a beta of 1.53.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be given a $0.68 dividend. This is a positive change from Westwood Holdings Group’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a yield of 4.25%. The ex-dividend date is Thursday, December 7th. Westwood Holdings Group’s dividend payout ratio is presently 83.50%.
Westwood Holdings Group Profile
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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