Westwood Holdings Group Inc (WHG) Vice Chairman Sells $620,600.00 in Stock
Westwood Holdings Group Inc (NYSE:WHG) Vice Chairman Susan M. Byrne sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $62.06, for a total value of $620,600.00. Following the sale, the insider now owns 269,552 shares in the company, valued at approximately $16,728,397.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Westwood Holdings Group Inc (NYSE:WHG) opened at 63.39 on Friday. The firm’s 50-day moving average price is $59.67 and its 200-day moving average price is $56.63. The stock has a market cap of $519.04 million, a P/E ratio of 19.83 and a beta of 1.52. Westwood Holdings Group Inc has a 52-week low of $49.90 and a 52-week high of $63.99.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given a $0.62 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.48 annualized dividend and a dividend yield of 3.91%. Westwood Holdings Group’s dividend payout ratio (DPR) is 77.50%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of Westwood Holdings Group by 1.1% in the second quarter. Wells Fargo & Company MN now owns 635,909 shares of the asset manager’s stock valued at $36,054,000 after purchasing an additional 6,983 shares during the period. Cigna Investments Inc. New acquired a new stake in shares of Westwood Holdings Group in the second quarter valued at about $278,000. New York State Common Retirement Fund grew its position in shares of Westwood Holdings Group by 13.4% in the second quarter. New York State Common Retirement Fund now owns 9,300 shares of the asset manager’s stock valued at $527,000 after purchasing an additional 1,099 shares during the period. Thrivent Financial For Lutherans acquired a new stake in shares of Westwood Holdings Group in the second quarter valued at about $246,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Westwood Holdings Group in the second quarter valued at about $7,551,000. Institutional investors and hedge funds own 65.09% of the company’s stock.
Separately, ValuEngine upgraded Westwood Holdings Group from a “hold” rating to a “buy” rating in a research report on Monday, August 14th.
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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