Westwood Holdings Group (NYSE:WHG) CEO Brian O. Casey Sells 6,750 Shares

Key Points

• Westwood Holdings Group CEO Brian Casey sold 6,750 shares of the company's stock for a total of $121,500, reducing his ownership by 1.32% to approximately 505,926 shares.
• The company recently declared a quarterly dividend of $0.15, with a dividend yield of 3.5% and an annualized payout of $0.60.
• Westwood Holdings Group's stock has a market cap of $163.58 million and a 52-week trading range between $12.20 and $18.97.

Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) CEO Brian O. Casey sold 6,750 shares of the firm's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $18.00, for a total value of $121,500.00. Following the transaction, the chief executive officer owned 505,926 shares of the company's stock, valued at approximately $9,106,668. The trade was a 1.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Westwood Holdings Group Price Performance

Shares of Westwood Holdings Group stock traded down $0.10 during trading on Monday, reaching $17.24. 4,836 shares of the stock traded hands, compared to its average volume of 11,247. The company has a market capitalization of $162.23 million, a price-to-earnings ratio of 41.05 and a beta of 1.00. The business has a fifty day simple moving average of $17.28 and a two-hundred day simple moving average of $16.22. Westwood Holdings Group Inc has a 52-week low of $12.20 and a 52-week high of $18.97.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The asset manager reported $0.22 earnings per share for the quarter. Westwood Holdings Group had a return on equity of 5.19% and a net margin of 3.92%.The firm had revenue of $23.12 million during the quarter.

Westwood Holdings Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.5%. Westwood Holdings Group's dividend payout ratio (DPR) is currently 142.86%.

Institutional Investors Weigh In On Westwood Holdings Group

Large investors have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in Westwood Holdings Group by 180.7% during the 4th quarter. Barclays PLC now owns 3,054 shares of the asset manager's stock worth $44,000 after acquiring an additional 1,966 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Westwood Holdings Group in the 2nd quarter worth about $63,000. Raymond James Financial Inc. bought a new position in shares of Westwood Holdings Group in the 2nd quarter worth about $85,000. New York State Common Retirement Fund bought a new position in shares of Westwood Holdings Group in the 2nd quarter worth about $98,000. Finally, JPMorgan Chase & Co. lifted its position 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 worth $118,000 after buying an additional 6,990 shares during the last quarter. 56.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Westwood Holdings Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th.

Westwood Holdings Group Company Profile

Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.