Westwood Holdings Group (NYSE:WHG) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Westwood Holdings Group Inc (NYSE:WHG)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.16 and traded as low as $14.73. Westwood Holdings Group shares last traded at $15.7210, with a volume of 17,332 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Westwood Holdings Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Westwood Holdings Group Stock Up 3.4%

The stock has a market capitalization of $148.80 million, a P/E ratio of 19.86 and a beta of 0.72. The company has a 50-day moving average price of $17.45 and a two-hundred day moving average price of $17.12.

Westwood Holdings Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, March 3rd. Westwood Holdings Group’s dividend payout ratio is 75.95%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WHG. Goldman Sachs Group Inc. purchased a new stake in shares of Westwood Holdings Group in the 1st quarter worth about $213,000. Empowered Funds LLC increased its position in shares of Westwood Holdings Group by 8.7% during the first 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 bought a new position in Westwood Holdings Group in the first quarter worth about $366,000. Geode Capital Management LLC raised its stake in Westwood Holdings Group by 141.0% in the second quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager’s stock worth $2,515,000 after buying an additional 94,311 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in 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 worth $118,000 after buying an additional 6,990 shares during the period. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Westwood Holdings Group Company Profile

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.