Key Points
- Director Susan Byrne sold 1,500 shares of Westwood Holdings on April 15 at an average price of $16.45 for $24,675, leaving her with 297,244 shares (a 0.50% reduction in her position).
- Westwood recently paid a quarterly dividend of $0.15 (annualized $0.60) for a yield of about 3.7% and a payout ratio of roughly 75.95%, with the dividend paid on April 1 and the record/ex-dividend date reported as March 3.
- The stock trades around $16.15 (50-day/200-day moving averages $16.48/$16.89), has a market cap of about $153 million and a P/E of 20.44, and analysts — including Weiss Ratings — currently give the shares a consensus Buy rating.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $16.45, for a total value of $24,675.00. Following the transaction, the director owned 297,244 shares of the company's stock, valued at $4,889,663.80. This trade represents a 0.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Westwood Holdings Group Stock Performance
WHG opened at $16.15 on Friday. The stock's 50 day moving average price is $16.48 and its 200-day moving average price is $16.89. Westwood Holdings Group Inc has a one year low of $14.51 and a one year high of $18.99. The stock has a market cap of $153.14 million, a price-to-earnings ratio of 20.44 and a beta of 0.76.
Westwood Holdings Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 3rd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, March 3rd. Westwood Holdings Group's dividend payout ratio is 75.95%.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a "buy (b)" rating on shares of Westwood Holdings Group in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".
Get Our Latest Research Report on Westwood Holdings Group
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Westwood Holdings Group during the 2nd quarter valued at $63,000. Raymond James Financial Inc. bought a new position in shares of Westwood Holdings Group during the 2nd quarter worth $85,000. New York State Common Retirement Fund purchased a new position in shares of Westwood Holdings Group during the second quarter valued at $98,000. JPMorgan Chase & Co. increased its stake in shares of Westwood Holdings Group by 1,277.9% during the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager's stock valued at $118,000 after buying an additional 6,990 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of 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 in the last quarter. 56.64% of the stock is currently owned by hedge funds and other institutional investors.
Westwood Holdings Group Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
