Susan Byrne Sells 1,124 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,124 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $16.40, for a total value of $18,433.60. Following the transaction, the director directly owned 277,550 shares in the company, valued at approximately $4,551,820. This represents a 0.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

WHG opened at $16.55 on Thursday. The stock has a market cap of $157.01 million, a price-to-earnings ratio of 19.93 and a beta of 0.61. The stock’s 50 day moving average price is $16.30 and its 200-day moving average price is $16.84. Westwood Holdings Group Inc has a one year low of $14.70 and a one year high of $18.99.

Westwood Holdings Group Dividend Announcement

The firm 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 dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. Westwood Holdings Group’s dividend payout ratio is currently 72.29%.

Wall Street Analysts Forecast Growth

WHG has been the topic of a number of analyst reports. Wall Street Zen raised Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings lowered Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Institutional Trading of Westwood Holdings Group

Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Westwood Holdings Group in the second quarter valued at about $63,000. Raymond James Financial Inc. bought a new stake in shares of Westwood Holdings Group in the second quarter valued at about $85,000. New York State Common Retirement Fund bought a new stake in shares of Westwood Holdings Group in the second quarter valued at about $98,000. JPMorgan Chase & Co. raised its holdings in shares of Westwood Holdings Group by 1,277.9% in the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock valued at $118,000 after acquiring an additional 6,990 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Westwood Holdings Group by 39.9% during the fourth quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock worth $173,000 after buying an additional 2,861 shares during the period. 56.64% of the stock is currently owned by institutional investors.

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.