Westwood Holdings Group (WHG) Lifted to Hold at ValuEngine

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Westwood Holdings Group (NYSE:WHG) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, ValuEngine reports.

Shares of NYSE WHG opened at $30.20 on Thursday. The company has a market cap of $267.52 million, a PE ratio of 11.98 and a beta of 1.30. Westwood Holdings Group has a 1-year low of $29.55 and a 1-year high of $61.92.

Several hedge funds and other institutional investors have recently made changes to their positions in WHG. Bank of New York Mellon Corp increased its stake in shares of Westwood Holdings Group by 2.8% during the third quarter. Bank of New York Mellon Corp now owns 68,942 shares of the asset manager’s stock worth $3,567,000 after purchasing an additional 1,884 shares during the period. MetLife Investment Advisors LLC increased its stake in shares of Westwood Holdings Group by 70.9% during the third quarter. MetLife Investment Advisors LLC now owns 5,527 shares of the asset manager’s stock worth $286,000 after purchasing an additional 2,292 shares during the period. AQR Capital Management LLC bought a new position in shares of Westwood Holdings Group during the third quarter worth approximately $351,000. Vanguard Group Inc increased its stake in shares of Westwood Holdings Group by 0.3% during the third quarter. Vanguard Group Inc now owns 374,177 shares of the asset manager’s stock worth $19,360,000 after purchasing an additional 1,246 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Westwood Holdings Group by 7.9% during the third quarter. Teachers Advisors LLC now owns 17,121 shares of the asset manager’s stock worth $886,000 after purchasing an additional 1,248 shares during the period. Institutional investors own 65.69% of the company’s stock.

About Westwood Holdings Group

Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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