Westwood Holdings Group (NYSE:WHG - Get Free Report) was downgraded by Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a research note issued to investors on Friday,Weiss Ratings reports.
Separately, Wall Street Zen raised Westwood Holdings Group from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold".
Read Our Latest Analysis on Westwood Holdings Group
Westwood Holdings Group Stock Performance
NYSE:WHG traded down $0.06 during midday trading on Friday, reaching $16.68. 1,041 shares of the stock traded hands, compared to its average volume of 21,526. Westwood Holdings Group has a 12-month low of $13.49 and a 12-month high of $18.97. The business has a 50-day moving average of $17.13 and a two-hundred day moving average of $16.45. The stock has a market capitalization of $156.91 million, a PE ratio of 39.70 and a beta of 0.98.
Westwood Holdings Group (NYSE:WHG - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The asset manager reported $0.22 earnings per share (EPS) for the quarter. Westwood Holdings Group had a net margin of 3.92% and a return on equity of 5.19%. The business had revenue of $23.12 million for the quarter.
Insider Buying and Selling
In related news, CEO Brian O. Casey sold 6,750 shares of the company's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $18.00, for a total value of $121,500.00. Following the sale, the chief executive officer owned 505,926 shares in the company, valued at $9,106,668. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.20% of the stock is currently owned by corporate insiders.
Institutional Trading of Westwood Holdings Group
Institutional investors and hedge funds have recently bought and sold shares of the business. Settian Capital LP acquired a new stake in shares of Westwood Holdings Group in the second quarter worth $6,708,000. Geode Capital Management LLC boosted its holdings in Westwood Holdings Group by 141.0% in the second 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 during the last quarter. Jane Street Group LLC acquired a new stake in Westwood Holdings Group during the 1st quarter worth about $366,000. Goldman Sachs Group Inc. purchased a new position in shares of Westwood Holdings Group during the 1st quarter valued at about $213,000. Finally, JPMorgan Chase & Co. lifted its holdings 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 buying an additional 6,990 shares during the period. 56.64% of the stock is currently owned by institutional investors and hedge funds.
About Westwood Holdings Group
(
Get Free Report)
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.
Further Reading
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