Westwood Holdings Group (NYSE:WHG) Director Sells $10,854.78 in Stock

Key Points

• Westwood Holdings Group director Susan Byrne sold 678 shares on May 5 at an average price of $16.01, totaling $10,854.78. After the transaction, she still owned 289,727 shares, and the sale was made under a pre-arranged Rule 10b5-1 plan.
• WHG shares were little changed, last trading down $0.01, or 0.1%, at $16.37. The stock has a market cap of $155.33 million and is trading between its 52-week low of $14.51 and high of $18.99.
• The company recently declared a quarterly dividend of $0.15 per share, payable July 1 to shareholders of record on June 1. That works out to an annualized dividend yield of 3.7%.

Westwood Holdings Group Inc (NYSE:WHG - Get Free Report) Director Susan Byrne sold 678 shares of Westwood Holdings Group stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $16.01, for a total value of $10,854.78. Following the sale, the director directly owned 289,727 shares of the company's stock, valued at $4,638,529.27. This represents a 0.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Down 0.1%

NYSE:WHG traded down $0.01 during trading hours on Friday, hitting $16.37. 11,347 shares of the company's stock traded hands, compared to its average volume of 10,858. The firm has a market cap of $155.33 million, a P/E ratio of 19.72 and a beta of 0.62. Westwood Holdings Group Inc has a 52 week low of $14.51 and a 52 week high of $18.99. The business's fifty day simple moving average is $16.25 and its two-hundred day simple moving average is $16.89.

Westwood Holdings Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.60 annualized dividend and a yield of 3.7%. Westwood Holdings Group's dividend payout ratio (DPR) is currently 72.29%.

Institutional Investors Weigh In On Westwood Holdings Group

Hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Westwood Holdings Group during the second quarter worth about $63,000. Raymond James Financial Inc. bought a new stake in Westwood Holdings Group during the second quarter worth about $85,000. New York State Common Retirement Fund bought a new stake in Westwood Holdings Group during the second quarter worth about $98,000. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 6,990 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Westwood Holdings Group by 39.9% during the fourth quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager's stock worth $173,000 after purchasing an additional 2,861 shares during the last quarter. Institutional investors own 56.64% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Westwood Holdings Group in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Westwood Holdings Group currently has a consensus rating of "Buy".

About Westwood Holdings Group

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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