Westwood Holdings Group Inc (NYSE:WHG) Vice Chairman Susan M. Byrne sold 7,387 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $60.06, for a total value of $443,663.22. Following the transaction, the insider now owns 279,178 shares of the company’s stock, valued at approximately $16,767,430.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Westwood Holdings Group Inc (NYSE:WHG) traded down 0.55% during trading on Friday, hitting $58.31. The company had a trading volume of 24,021 shares. The stock’s 50-day moving average price is $58.46 and its 200 day moving average price is $56.40. Westwood Holdings Group Inc has a 52 week low of $49.01 and a 52 week high of $63.99. The company has a market capitalization of $477.44 million, a P/E ratio of 18.24 and a beta of 1.52.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Thursday, September 7th. Westwood Holdings Group’s payout ratio is 77.50%.
Separately, ValuEngine upgraded Westwood Holdings Group from a “hold” rating to a “buy” rating in a report on Monday, August 14th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in Westwood Holdings Group by 1.1% in the second quarter. Wells Fargo & Company MN now owns 635,909 shares of the asset manager’s stock valued at $36,054,000 after buying an additional 6,983 shares during the last quarter. Vanguard Group Inc. raised its position in Westwood Holdings Group by 6.3% in the second quarter. Vanguard Group Inc. now owns 334,924 shares of the asset manager’s stock valued at $18,988,000 after buying an additional 19,756 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Westwood Holdings Group by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 288,211 shares of the asset manager’s stock valued at $16,339,000 after buying an additional 13,297 shares during the last quarter. ProShare Advisors LLC bought a new position in Westwood Holdings Group during the second quarter valued at approximately $7,551,000. Finally, Northern Trust Corp raised its position in Westwood Holdings Group by 5.8% in the second quarter. Northern Trust Corp now owns 110,675 shares of the asset manager’s stock valued at $6,274,000 after buying an additional 6,061 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.
About Westwood Holdings Group
Westwood Holdings Group, Inc (Westwood) is a holding company. The Company operates through two segments: Advisory and Trust. The Company, through its subsidiaries, manages investment assets and provides services for its clients. Its subsidiaries include Westwood Management Corp. and Westwood Advisors, LLC (together, Westwood Management), Westwood International Advisors Inc (Westwood International) and Westwood Trust.
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