Westwood Holdings Group Inc (NYSE:WHG – Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.19 and traded as high as $19.88. Westwood Holdings Group shares last traded at $19.3290, with a volume of 19,606 shares changing hands.
Analysts Set New Price Targets
WHG has been the topic of several research analyst reports. Weiss Ratings downgraded Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.
Check Out Our Latest Stock Analysis on WHG
Westwood Holdings Group Trading Up 0.7%
Westwood Holdings Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, June 1st. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 72.29%.
Insider Activity at Westwood Holdings Group
In related news, Director Susan M. Byrne sold 4,481 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $19.88, for a total value of $89,082.28. Following the sale, the director owned 230,444 shares in the company, valued at $4,581,226.72. This represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 65,792 shares of company stock worth $1,180,401 over the last three months. Insiders own 17.40% of the company’s stock.
Institutional Trading of Westwood Holdings Group
Several institutional investors and hedge funds have recently bought and sold shares of WHG. Gamco Investors INC. ET AL purchased a new position in shares of Westwood Holdings Group during the fourth quarter worth $7,638,000. Geode Capital Management LLC boosted its holdings in Westwood Holdings Group by 141.0% in 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 last quarter. Jane Street Group LLC purchased a new stake in Westwood Holdings Group in the first quarter valued at $366,000. Goldman Sachs Group Inc. purchased a new stake in Westwood Holdings Group in the first quarter valued at $213,000. Finally, Allspring Global Investments Holdings LLC grew its position in Westwood Holdings Group by 2.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 606,812 shares of the asset manager’s stock worth $10,698,000 after purchasing an additional 13,059 shares during the period. 56.64% of the stock is currently owned by institutional investors and hedge funds.
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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