Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 1,300 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,300 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $16.02, for a total transaction of $20,826.00. Following the completion of the sale, the director owned 276,250 shares of the company’s stock, valued at $4,425,525. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Trading Up 3.1%

Shares of NYSE:WHG opened at $16.51 on Wednesday. The stock has a market capitalization of $156.68 million, a PE ratio of 19.89 and a beta of 0.61. Westwood Holdings Group Inc has a 1 year low of $14.53 and a 1 year high of $18.99. The firm has a fifty day moving average price of $16.28 and a 200 day moving average price of $16.84.

Westwood Holdings Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a $0.15 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a yield of 3.6%. Westwood Holdings Group’s dividend payout ratio is currently 72.29%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WHG. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Westwood Holdings Group in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WHG. Goldman Sachs Group Inc. acquired a new position in Westwood Holdings Group during the 1st quarter worth $213,000. Empowered Funds LLC lifted its position 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 worth $466,000 after acquiring an additional 2,291 shares during the last quarter. Jane Street Group LLC acquired a new position in Westwood Holdings Group during the 1st quarter worth $366,000. Geode Capital Management LLC lifted its position 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 worth $2,515,000 after acquiring an additional 94,311 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position 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 worth $118,000 after acquiring an additional 6,990 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

Westwood Holdings Group Company Profile

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.