Key Points
- Westwood Holdings Group director Susan Byrne sold 651 shares on May 18 at an average price of $16.08, totaling about $10,468. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Byrne still directly owned 284,549 shares valued at roughly $4.58 million, representing a small 0.23% reduction in her holdings.
- Westwood Holdings Group also recently announced a quarterly dividend of $0.15 per share, which implies a 3.7% annualized yield. The stock was trading up about 1.5% and has received a recent buy rating from analysts.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 651 shares of the firm's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $16.08, for a total transaction of $10,468.08. Following the completion of the transaction, the director directly owned 284,549 shares in the company, valued at approximately $4,575,547.92. This represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwood Holdings Group Trading Up 1.5%
NYSE:WHG opened at $16.05 on Tuesday. The company's 50-day moving average price is $16.14 and its 200-day moving average price is $16.87. The company has a market cap of $152.31 million, a P/E ratio of 19.34 and a beta of 0.62. Westwood Holdings Group Inc has a twelve month low of $14.51 and a twelve month high of $18.99.
Westwood Holdings Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group's dividend payout ratio (DPR) is currently 72.29%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on WHG shares. Wall Street Zen raised shares of Westwood Holdings Group to a "buy" rating in a research note on Saturday. Weiss Ratings reissued a "buy (b)" rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy".
View Our Latest Report on WHG
Institutional Investors Weigh In On Westwood Holdings Group
Institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Westwood Holdings Group in the 2nd quarter valued at approximately $63,000. Raymond James Financial Inc. purchased a new stake in shares of Westwood Holdings Group in the 2nd quarter valued at approximately $85,000. New York State Common Retirement Fund purchased a new stake in shares of Westwood Holdings Group in the 2nd quarter valued at approximately $98,000. JPMorgan Chase & Co. raised its stake in shares of Westwood Holdings Group by 1,277.9% in the 2nd 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 period. Finally, Wells Fargo & Company MN raised its stake in shares of Westwood Holdings Group by 39.9% in the 4th 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 period. 56.64% of the stock is 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.
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