Susan Byrne Sells 651 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 651 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $16.08, for a total value of $10,468.08. Following the transaction, the director directly owned 284,549 shares of the company’s stock, valued at $4,575,547.92. The trade was a 0.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

Westwood Holdings Group stock traded up $0.24 during mid-day trading on Monday, hitting $16.05. 14,519 shares of the company were exchanged, compared to its average volume of 10,917. The business’s 50 day simple moving average is $16.14 and its two-hundred day simple moving average is $16.87. The company has a market capitalization of $152.31 million, a P/E ratio of 19.34 and a beta of 0.62. Westwood Holdings Group Inc has a 12-month low of $14.51 and a 12-month high of $18.99.

Westwood Holdings Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a dividend of $0.15 per share. The ex-dividend date is Monday, June 1st. This represents a $0.60 annualized dividend and a yield of 3.7%. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Westwood Holdings Group in the second quarter valued at $63,000. Raymond James Financial Inc. acquired a new position in Westwood Holdings Group in the second quarter valued at $85,000. New York State Common Retirement Fund acquired a new position in Westwood Holdings Group in the second quarter valued at $98,000. JPMorgan Chase & Co. boosted 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 valued at $118,000 after acquiring an additional 6,990 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Westwood Holdings Group by 39.9% in the fourth quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock valued at $173,000 after acquiring an additional 2,861 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

Analysts Set New Price Targets

WHG has been the topic of a number of research analyst reports. Wall Street Zen raised Westwood Holdings Group to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

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.