Westwood Holdings Group (NYSE:WHG) Director Susan Byrne Sells 1,091 Shares

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,091 shares of Westwood Holdings Group stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $19.17, for a total value of $20,914.47. Following the transaction, the director owned 239,017 shares in the company, valued at $4,581,955.89. This represents a 0.45% decrease in their position. The sale was disclosed in a 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

NYSE:WHG traded down $1.11 during trading hours on Tuesday, hitting $19.04. 32,847 shares of the company’s stock traded hands, compared to its average volume of 14,973. The stock’s fifty day moving average price is $16.94 and its two-hundred day moving average price is $17.06. The firm has a market cap of $180.66 million, a P/E ratio of 22.94 and a beta of 0.61. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $20.97.

Westwood Holdings Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group’s dividend payout ratio is 72.29%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Westwood Holdings Group in the 2nd quarter worth about $63,000. Raymond James Financial Inc. acquired a new stake in shares of Westwood Holdings Group during the 2nd quarter valued at about $85,000. New York State Common Retirement Fund bought a new stake in shares of Westwood Holdings Group in the 2nd quarter valued at approximately $98,000. JPMorgan Chase & Co. grew its stake 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 valued at $118,000 after buying an additional 6,990 shares in the last quarter. Finally, Wells Fargo & Company MN increased 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 worth $173,000 after buying an additional 2,861 shares during the last quarter. 56.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on WHG shares. Weiss Ratings cut shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. Wall Street Zen upgraded shares of Westwood Holdings Group to a “buy” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus 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.