Key Points
- Adrian Helfert sold 10,772 shares on Feb. 23 at an average price of $16.22 for $174,721.84, reducing his position by 6.21% to 162,751 shares (worth about $2.64M).
- Multiple senior insiders also sold shares the same day—CEO Brian O. Casey sold 18,943 shares (~$307,255), President Fabian Gomez sold 6,223 shares, and other officers including the CFO trimmed their holdings, indicating concentrated insider selling.
- Dividend announced: Westwood declared a $0.15 quarterly dividend (annualized $0.60) with an ex-dividend date of Mar. 3 and a payment date of Apr. 1, implying a ~3.8% yield.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) CFO Murray Forbes III sold 2,859 shares of Westwood Holdings Group stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $16.22, for a total transaction of $46,372.98. Following the completion of the sale, the chief financial officer owned 65,826 shares in the company, valued at $1,067,697.72. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Westwood Holdings Group Trading Up 1.7%
Shares of WHG opened at $15.78 on Friday. Westwood Holdings Group Inc has a 12 month low of $14.37 and a 12 month high of $18.99. The firm has a fifty day simple moving average of $17.38 and a 200 day simple moving average of $17.09. The stock has a market capitalization of $149.59 million, a price-to-earnings ratio of 19.97 and a beta of 0.72.
Westwood Holdings Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 3rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $0.60 annualized dividend and a yield of 3.8%. Westwood Holdings Group's payout ratio is 75.95%.
Institutional Investors Weigh In On Westwood Holdings Group
Several large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Westwood Holdings Group in the second quarter valued at $63,000. Raymond James Financial Inc. bought a new stake in Westwood Holdings Group during the second quarter worth $85,000. New York State Common Retirement Fund bought a new stake in Westwood Holdings Group during the second quarter worth $98,000. JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 6,990 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake 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 acquiring an additional 2,861 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company's stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "buy (b)" rating on shares of Westwood Holdings Group in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".
View Our Latest Report on WHG
Key Stories Impacting Westwood Holdings Group
Here are the key news stories impacting Westwood Holdings Group this week:
- Negative Sentiment: Multiple senior insiders sold shares the same day — CEO Brian O. Casey sold 18,943 shares (~$307,255), reducing his stake by ~3.45%. Read More.
- Negative Sentiment: President Fabian Gomez sold 6,223 shares (~$100,937), a ~4.83% cut to his holdings. Read More.
- Negative Sentiment: Other officers also sold: Adrian Helfert sold 10,772 shares (~$174,722, ~6.21% of his position) and Matthew Lockridge sold 5,379 shares (~$87,247, ~6.46% of his position). Read More. Read More.
- Negative Sentiment: CFO Murray Forbes III sold 2,859 shares (~$46,373), a ~4.16% reduction to his stake. Read More.
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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