Bank of New York Mellon Corp Buys 476 Shares of Westwood Holdings Group Inc (WHG)
Bank of New York Mellon Corp lifted its stake in Westwood Holdings Group Inc (NYSE:WHG) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,698 shares of the asset manager’s stock after buying an additional 476 shares during the period. Bank of New York Mellon Corp owned about 0.81% of Westwood Holdings Group worth $3,781,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. raised its holdings in shares of Westwood Holdings Group by 12.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,611 shares of the asset manager’s stock worth $205,000 after buying an additional 410 shares in the last quarter. Cigna Investments Inc. New acquired a new position in shares of Westwood Holdings Group in the 2nd quarter worth approximately $278,000. Strs Ohio raised its holdings in shares of Westwood Holdings Group by 2.5% in the 2nd quarter. Strs Ohio now owns 12,100 shares of the asset manager’s stock worth $685,000 after buying an additional 300 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Westwood Holdings Group by 10.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 39,525 shares of the asset manager’s stock valued at $2,241,000 after purchasing an additional 3,865 shares in the last quarter. 65.09% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine raised Westwood Holdings Group from a “hold” rating to a “buy” rating in a report on Monday, August 14th.
In other Westwood Holdings Group news, Vice Chairman Susan M. Byrne sold 2,613 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $60.01, for a total transaction of $156,806.13. Following the completion of the transaction, the insider now directly owns 283,080 shares in the company, valued at $16,987,630.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Susan M. Byrne sold 14,900 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $58.03, for a total transaction of $864,647.00. Following the transaction, the insider now owns 299,747 shares of the company’s stock, valued at $17,394,318.41. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,227 shares of company stock valued at $4,432,450. Company insiders own 9.60% of the company’s stock.
Shares of Westwood Holdings Group Inc (NYSE WHG) opened at 66.93 on Friday. Westwood Holdings Group Inc has a 12-month low of $49.90 and a 12-month high of $68.77. The company’s 50-day moving average price is $62.02 and its 200-day moving average price is $57.55. The firm has a market capitalization of $548.02 million, a PE ratio of 20.94 and a beta of 1.53.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were given a dividend of $0.62 per share. The ex-dividend date was Thursday, September 7th. This represents a $2.48 annualized dividend and a yield of 3.71%. Westwood Holdings Group’s dividend payout ratio is currently 77.50%.
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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