Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 2,028 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 2,028 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $16.37, for a total value of $33,198.36. Following the sale, the director owned 278,674 shares of the company’s stock, valued at $4,561,893.38. This represents a 0.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Price Performance

NYSE WHG opened at $16.38 on Friday. The stock has a market capitalization of $155.47 million, a PE ratio of 19.74 and a beta of 0.62. The business has a 50 day simple moving average of $16.23 and a two-hundred day simple moving average of $16.84. 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 declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio (DPR) is currently 72.29%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings restated a “buy (b)” rating on shares of Westwood Holdings Group in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Hedge Funds Weigh In On Westwood Holdings Group

A number of institutional investors and hedge funds have recently modified their holdings of WHG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Westwood Holdings Group in the 2nd quarter worth approximately $63,000. Raymond James Financial Inc. purchased a new position in shares of Westwood Holdings Group in the 2nd quarter worth approximately $85,000. New York State Common Retirement Fund purchased a new position in shares of Westwood Holdings Group in the 2nd quarter worth approximately $98,000. JPMorgan Chase & Co. boosted its holdings in shares of Westwood Holdings Group by 1,277.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after purchasing an additional 6,990 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Westwood Holdings Group by 39.9% in the 4th quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock worth $173,000 after purchasing an additional 2,861 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.