Westwood Holdings Group Inc (WHG) Stake Lifted by Vanguard Group Inc.
Vanguard Group Inc. increased its stake in Westwood Holdings Group Inc (NYSE:WHG) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 334,924 shares of the asset manager’s stock after acquiring an additional 19,756 shares during the period. Vanguard Group Inc. owned approximately 4.09% of Westwood Holdings Group worth $18,988,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Northern Trust Corp boosted its holdings in Westwood Holdings Group by 5.8% during the second quarter. Northern Trust Corp now owns 110,675 shares of the asset manager’s stock worth $6,274,000 after buying an additional 6,061 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Westwood Holdings Group by 13.4% during the second quarter. New York State Common Retirement Fund now owns 9,300 shares of the asset manager’s stock worth $527,000 after buying an additional 1,099 shares in the last quarter. Thrivent Financial For Lutherans bought a new stake in Westwood Holdings Group during the second quarter worth approximately $246,000. ProShare Advisors LLC bought a new stake in Westwood Holdings Group during the second quarter worth approximately $7,551,000. Finally, Nationwide Fund Advisors boosted its holdings 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 buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 65.78% of the company’s stock.
Shares of Westwood Holdings Group Inc (NYSE WHG) opened at $64.25 on Thursday. The firm has a market cap of $572.69, a P/E ratio of 19.65 and a beta of 1.53. Westwood Holdings Group Inc has a 1-year low of $51.41 and a 1-year high of $71.00.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.23%. This is a boost from Westwood Holdings Group’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, December 7th. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 83.50%.
Separately, ValuEngine upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a report on Monday, August 14th.
In related news, Vice Chairman Susan M. Byrne sold 2,301 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $62.01, for a total transaction of $142,685.01. Following the completion of the sale, the insider now directly owns 269,552 shares in the company, valued at $16,714,919.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Susan M. Byrne sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $62.06, for a total transaction of $620,600.00. Following the sale, the insider now owns 269,552 shares of the company’s stock, valued at $16,728,397.12. The disclosure for this sale can be found here. Insiders have sold 40,807 shares of company stock valued at $2,576,162 over the last 90 days. 9.60% of the stock is currently owned by insiders.
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About Westwood Holdings Group
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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