Key Points
- Director Susan Byrne sold 1,634 shares of Westwood Holdings Group at an average price of $18.29, totaling about $29,886. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and she still owns 258,710 shares.
- The stock was trading around $18.14, near its 52-week high of $18.99, with a market cap of $172.1 million and a dividend yield of 3.3%. Westwood recently declared a quarterly dividend of $0.15 per share, payable July 1.
- Analyst sentiment remains generally positive, with one Buy rating and an average MarketBeat rating of “Buy”. Institutional ownership also appears strong, with several funds adding to or initiating positions in the company.
Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 1,634 shares of the business's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $18.29, for a total transaction of $29,885.86. Following the transaction, the director directly owned 258,710 shares of the company's stock, valued at approximately $4,731,805.90. This represents a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwood Holdings Group Price Performance
Shares of Westwood Holdings Group stock opened at $18.14 on Wednesday. The company's fifty day moving average price is $16.53 and its two-hundred day moving average price is $16.92. Westwood Holdings Group Inc has a 52-week low of $14.70 and a 52-week high of $18.99. The firm has a market capitalization of $172.10 million, a PE ratio of 21.85 and a beta of 0.61.
Westwood Holdings Group Announces Dividend
The company also recently announced 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 3.3%. The ex-dividend date of this dividend is Monday, June 1st. Westwood Holdings Group's dividend payout ratio (DPR) is 72.29%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on WHG shares. Weiss Ratings downgraded Westwood Holdings Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, June 2nd. Wall Street Zen upgraded shares of Westwood Holdings Group to a "buy" rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Westwood Holdings Group currently has an average rating of "Buy".
Check Out Our Latest Stock Report on WHG
Institutional Trading of Westwood Holdings Group
Several institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. acquired a new stake in shares of Westwood Holdings Group in the 1st quarter valued at approximately $213,000. Empowered Funds LLC boosted its position in Westwood Holdings Group by 8.7% in the first quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager's stock valued at $466,000 after buying an additional 2,291 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Westwood Holdings Group during the first quarter worth $366,000. Geode Capital Management LLC lifted its stake in shares of Westwood Holdings Group by 141.0% in the 2nd quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager's stock valued at $2,515,000 after acquiring an additional 94,311 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position 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 acquiring an additional 6,990 shares during the last quarter. 56.64% of the stock is currently owned by institutional investors.
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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