Westwood Holdings Group Inc (NYSE:WHG) Plans $0.15 Quarterly Dividend

Key Points

• Westwood Holdings Group Inc has declared a quarterly dividend of $0.15 per share, which will be paid on October 1st to shareholders on record as of September 2nd.
• Following the announcement, WHG stock increased by 6.4%, trading at $17.42 with a market capitalization of approximately $163.44 million.
• In its latest earnings report, the company reported earnings of $0.22 per share and revenue of $23.12 million with a return on equity of 5.20%.

Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) announced a quarterly dividend on Monday, August 11th, Wall Street Journal reports. Investors of record on Tuesday, September 2nd will be paid a dividend of 0.15 per share by the asset manager on Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 2nd.

Westwood Holdings Group Stock Up 0.0%

WHG stock traded up $0.01 during midday trading on Thursday, reaching $17.70. The stock had a trading volume of 11,893 shares, compared to its average volume of 15,664. The business has a fifty day simple moving average of $16.56 and a two-hundred day simple moving average of $16.00. The firm has a market cap of $166.51 million, a price-to-earnings ratio of 42.13 and a beta of 0.97. Westwood Holdings Group has a twelve month low of $12.12 and a twelve month high of $18.65.

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

Institutional Trading of Westwood Holdings Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Westwood Holdings Group during the second quarter worth about $85,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Westwood Holdings Group during the second quarter worth about $63,000. New York State Common Retirement Fund bought a new position in Westwood Holdings Group during the second quarter worth about $98,000. JPMorgan Chase & Co. boosted its holdings in 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 worth $118,000 after buying an additional 6,990 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Westwood Holdings Group by 141.0% during the 2nd quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager's stock valued at $2,515,000 after purchasing an additional 94,311 shares in the last quarter. 56.64% of the stock is currently owned by institutional investors and hedge funds.

About Westwood Holdings Group

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.