Westwood Holdings Group, Inc. (WHG) Shares Bought by Russell Investments Group Ltd.
Russell Investments Group Ltd. increased its stake in shares of Westwood Holdings Group, Inc. (NYSE:WHG) by 61.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,824 shares of the asset manager’s stock after acquiring an additional 2,213 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of Westwood Holdings Group worth $392,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. bought a new position in Westwood Holdings Group during the third quarter worth $262,000. Thrivent Financial For Lutherans bought a new position in Westwood Holdings Group during the second quarter worth $246,000. Nationwide Fund Advisors boosted its stake in Westwood Holdings Group by 2.1% during the second quarter. Nationwide Fund Advisors now owns 4,636 shares of the asset manager’s stock worth $263,000 after acquiring an additional 95 shares in the last quarter. Voya Investment Management LLC boosted its stake in Westwood Holdings Group by 9.3% during the second quarter. Voya Investment Management LLC now owns 5,729 shares of the asset manager’s stock worth $325,000 after acquiring an additional 486 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Westwood Holdings Group by 24.1% during the second quarter. Parametric Portfolio Associates LLC now owns 5,743 shares of the asset manager’s stock worth $326,000 after acquiring an additional 1,114 shares in the last quarter. 66.91% of the stock is currently owned by institutional investors and hedge funds.
In related news, General Counsel Julie Kramer Gerron sold 1,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $66.32, for a total transaction of $66,320.00. Following the transaction, the general counsel now directly owns 31,631 shares of the company’s stock, valued at $2,097,767.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CIO Mark Freeman sold 4,500 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $65.06, for a total transaction of $292,770.00. Following the transaction, the executive now directly owns 64,250 shares in the company, valued at $4,180,105. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,487 shares of company stock worth $559,189. 9.60% of the stock is owned by insiders.
Westwood Holdings Group, Inc. (WHG) opened at $67.09 on Friday. The stock has a market cap of $596.06, a price-to-earnings ratio of 22.44 and a beta of 1.54. Westwood Holdings Group, Inc. has a 12 month low of $51.41 and a 12 month high of $71.00.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Thursday, December 7th. 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 4.05%. Westwood Holdings Group’s dividend payout ratio is currently 90.97%.
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Westwood Holdings Group Company 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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