Westwood Holdings Group (NYSE:WHG) Director Sells $14,418.96 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 876 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $16.46, for a total value of $14,418.96. Following the completion of the transaction, the director owned 286,991 shares in the company, valued at approximately $4,723,871.86. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Trading Down 0.2%

Shares of Westwood Holdings Group stock traded down $0.04 during trading hours on Wednesday, reaching $16.16. The stock had a trading volume of 12,009 shares, compared to its average volume of 10,881. The firm has a 50 day simple moving average of $16.20 and a two-hundred day simple moving average of $16.89. The firm has a market capitalization of $153.36 million, a price-to-earnings ratio of 19.47 and a beta of 0.62. Westwood Holdings Group Inc has a 1 year low of $14.51 and a 1 year high of $18.99.

Westwood Holdings Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio (DPR) is 72.29%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Westwood Holdings Group in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Institutional Investors Weigh In On Westwood Holdings Group

Several hedge funds have recently modified their holdings of WHG. Goldman Sachs Group Inc. purchased a new stake in shares of Westwood Holdings Group during the 1st quarter valued at about $213,000. Empowered Funds LLC raised its holdings in shares of Westwood Holdings Group by 8.7% during the 1st quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager’s stock valued at $466,000 after buying an additional 2,291 shares during the period. Jane Street Group LLC purchased a new stake in shares of Westwood Holdings Group during the 1st quarter valued at about $366,000. Geode Capital Management LLC raised its holdings in shares of Westwood Holdings Group by 141.0% during the 2nd quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock valued at $2,515,000 after buying an additional 94,311 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Westwood Holdings Group by 1,277.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock valued at $118,000 after buying an additional 6,990 shares during the period. 56.64% of the stock is currently owned by hedge funds and other 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.