Key Points
- Susan Byrne sold 900 shares on April 10 at an average price of $16.11, a 0.30% reduction that leaves her with 300,645 shares valued at about $4.84 million.
- Westwood declared a quarterly dividend of $0.15 per share (annualized $0.60), representing a 3.6% yield and a dividend payout ratio of 75.95%.
- Analyst and institutional interest: Weiss Ratings reaffirmed a "Buy" and institutional investors own 56.64% of the company, with several firms increasing stakes and Goldman Sachs initiating a new position.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 900 shares of the firm's stock in a transaction on Friday, April 10th. The stock was sold at an average price of $16.11, for a total value of $14,499.00. Following the sale, the director directly owned 300,645 shares in the company, valued at $4,843,390.95. The trade was a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Westwood Holdings Group Trading Up 4.0%
Shares of Westwood Holdings Group stock opened at $16.60 on Tuesday. The company has a market capitalization of $157.33 million, a PE ratio of 21.01 and a beta of 0.76. Westwood Holdings Group Inc has a 12 month low of $14.51 and a 12 month high of $18.99. The stock's fifty day simple moving average is $16.58 and its 200 day simple moving average is $16.90.
Westwood Holdings Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 3rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, March 3rd. Westwood Holdings Group's dividend payout ratio (DPR) is presently 75.95%.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".
Check Out Our Latest Analysis on Westwood Holdings Group
Hedge Funds Weigh In On Westwood Holdings Group
Large investors have recently added to or reduced their stakes in the company. Settian Capital LP increased its holdings in Westwood Holdings Group by 9.4% during the 3rd quarter. Settian Capital LP now owns 470,515 shares of the asset manager's stock worth $7,759,000 after purchasing an additional 40,507 shares in the last quarter. Barclays PLC increased its holdings in Westwood Holdings Group by 10.6% during the 4th quarter. Barclays PLC now owns 12,396 shares of the asset manager's stock worth $213,000 after purchasing an additional 1,190 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Westwood Holdings Group during the 4th quarter worth about $199,000. Wells Fargo & Company MN increased its holdings in Westwood Holdings Group by 39.9% during the 4th quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager's stock worth $173,000 after purchasing an additional 2,861 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Westwood Holdings Group by 1,277.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager's stock worth $118,000 after purchasing an additional 6,990 shares in the last quarter. Institutional investors own 56.64% of the company's stock.
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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