Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 1,062 Shares of Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,062 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $16.20, for a total transaction of $17,204.40. Following the transaction, the director directly owned 280,702 shares of the company’s stock, valued at $4,547,372.40. This trade represents a 0.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Performance

Shares of WHG stock opened at $16.38 on Friday. Westwood Holdings Group Inc has a one year low of $14.51 and a one year high of $18.99. The company has a 50 day moving average price of $16.23 and a 200 day moving average price of $16.84. The firm has a market capitalization of $155.47 million, a price-to-earnings ratio of 19.74 and a beta of 0.62.

Westwood Holdings Group Announces Dividend

The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WHG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Westwood Holdings Group in a research report on Friday, March 27th. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Westwood Holdings Group currently has an average rating of “Buy”.

Institutional Investors Weigh In On Westwood Holdings Group

A number of large investors have recently added to or reduced their stakes in WHG. Goldman Sachs Group Inc. acquired a new stake in Westwood Holdings Group during the 1st quarter valued at $213,000. Empowered Funds LLC grew its holdings in 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 purchasing an additional 2,291 shares in the last quarter. Jane Street Group LLC acquired a new stake in Westwood Holdings Group during the 1st quarter valued at $366,000. Geode Capital Management LLC grew its holdings in 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 purchasing an additional 94,311 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in 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 purchasing an additional 6,990 shares in the last quarter. 56.64% of the stock is owned by institutional investors and hedge funds.

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.