Westwood Holdings Group Inc (NYSE:WHG – Get Free Report) Director Susan Byrne sold 607 shares of Westwood Holdings Group stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $17.11, for a total value of $10,385.77. Following the completion of the sale, the director owned 274,621 shares in the company, valued at approximately $4,698,765.31. The trade was a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwood Holdings Group Price Performance
WHG stock traded up $0.43 during trading on Tuesday, hitting $17.46. The stock had a trading volume of 23,752 shares, compared to its average volume of 11,376. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $18.99. The stock has a market capitalization of $165.65 million, a P/E ratio of 21.03 and a beta of 0.61. The company’s 50-day moving average price is $16.39 and its two-hundred day moving average price is $16.88.
Westwood Holdings Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, June 1st. Westwood Holdings Group’s payout ratio is presently 72.29%.
Analysts Set New Price Targets
Read Our Latest Stock Report on WHG
Institutional Trading of Westwood Holdings Group
Several institutional investors have recently made changes to their positions in WHG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Westwood Holdings Group during the 2nd quarter valued at approximately $63,000. Raymond James Financial Inc. purchased a new stake in shares of Westwood Holdings Group during the 2nd quarter valued at approximately $85,000. New York State Common Retirement Fund purchased a new stake in Westwood Holdings Group in the second quarter valued at approximately $98,000. JPMorgan Chase & Co. raised its position in Westwood Holdings Group by 1,277.9% in the second 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 during the period. Finally, Wells Fargo & Company MN raised its position 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 valued at $173,000 after purchasing an additional 2,861 shares during the period. Hedge funds and other institutional investors own 56.64% of the company’s stock.
Westwood Holdings Group Company Profile
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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