Westwood Holdings Group (NYSE:WHG) Director Sells $29,885.86 in Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 1,634 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $18.29, for a total transaction of $29,885.86. Following the completion of the sale, the director directly owned 258,710 shares of the company’s stock, valued at $4,731,805.90. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Up 2.5%

Shares of NYSE WHG opened at $18.45 on Friday. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $18.99. The stock’s 50 day moving average price is $16.61 and its 200-day moving average price is $16.94. The company has a market capitalization of $175.09 million, a PE ratio of 22.23 and a beta of 0.61.

Westwood Holdings Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 annualized dividend and a yield of 3.3%. Westwood Holdings Group’s payout ratio is currently 72.29%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WHG. Weiss Ratings lowered Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised shares of Westwood Holdings Group to a “buy” rating in a report on Saturday, May 16th. One equities research 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

Large investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL bought a new stake in shares of Westwood Holdings Group in the 4th quarter worth approximately $7,638,000. Geode Capital Management LLC grew its holdings in Westwood Holdings Group by 141.0% during the second 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 during the period. Jane Street Group LLC purchased a new stake in Westwood Holdings Group in the first quarter worth $366,000. Goldman Sachs Group Inc. purchased a new stake in Westwood Holdings Group in the first quarter worth $213,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Westwood Holdings Group by 2.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 606,812 shares of the asset manager’s stock valued at $10,698,000 after buying an additional 13,059 shares during the period. Hedge funds and other institutional investors own 56.64% of the company’s stock.

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.