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

Westwood Holdings Group Inc (NYSE:WHGGet Free Report) Director Susan Byrne sold 2,028 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $16.37, for a total value of $33,198.36. Following the completion of the sale, the director owned 278,674 shares of the company’s stock, valued at approximately $4,561,893.38. This trade represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Trading Up 0.3%

Shares of WHG stock opened at $16.49 on Friday. The stock has a market cap of $156.41 million, a P/E ratio of 19.86 and a beta of 0.62. The stock has a 50 day simple moving average of $16.26 and a 200 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, June 1st. This represents a $0.60 annualized dividend and a yield of 3.6%. Westwood Holdings Group’s dividend payout ratio is presently 72.29%.

Analysts Set New Price Targets

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

Get Our Latest Stock Report on WHG

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Peapod Lane Capital LLC increased its holdings in shares of Westwood Holdings Group by 0.7% during the fourth quarter. Peapod Lane Capital LLC now owns 88,680 shares of the asset manager’s stock worth $1,526,000 after buying an additional 642 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in shares of Westwood Holdings Group by 6.6% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,192 shares of the asset manager’s stock worth $184,000 after buying an additional 692 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Westwood Holdings Group by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 163,166 shares of the asset manager’s stock worth $2,808,000 after buying an additional 896 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Westwood Holdings Group by 1.9% during the first quarter. Bank of America Corp DE now owns 55,856 shares of the asset manager’s stock worth $920,000 after buying an additional 1,018 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Westwood Holdings Group by 10.6% during the fourth quarter. Barclays PLC now owns 12,396 shares of the asset manager’s stock worth $213,000 after buying an additional 1,190 shares in the last quarter. 56.64% of the stock is currently owned by institutional investors and hedge funds.

About Westwood Holdings Group

(Get Free Report)

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.

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