Westwood Holdings Group (NYSE:WHG) Stock Crosses Above 200 Day Moving Average – What’s Next?

Westwood Holdings Group Inc (NYSE:WHG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.19 and traded as high as $19.88. Westwood Holdings Group shares last traded at $19.3290, with a volume of 19,606 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen raised Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings cut Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Westwood Holdings Group Stock Down 0.5%

The company’s fifty day simple moving average is $17.62 and its two-hundred day simple moving average is $17.19. The company has a market capitalization of $183.43 million, a price-to-earnings ratio of 23.29 and a beta of 0.57.

Westwood Holdings Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, June 1st. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 72.29%.

Insiders Place Their Bets

In other Westwood Holdings Group news, Director Susan M. Byrne sold 7,129 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $20.03, for a total value of $142,793.87. Following the completion of the transaction, the director directly owned 240,108 shares of the company’s stock, valued at approximately $4,809,363.24. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 66,292 shares of company stock worth $1,188,471 in the last 90 days. Insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Westwood Holdings Group

Large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Westwood Holdings Group during the second quarter worth about $63,000. Raymond James Financial Inc. acquired a new position in shares of Westwood Holdings Group in the 2nd quarter valued at approximately $85,000. New York State Common Retirement Fund acquired a new position in shares of Westwood Holdings Group in the 2nd quarter valued at approximately $98,000. JPMorgan Chase & Co. increased its stake in Westwood Holdings Group by 1,277.9% during the 2nd 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 in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Westwood Holdings Group by 39.9% during the 4th 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 in the last quarter. 56.64% of the stock is currently owned by institutional investors.

Westwood Holdings Group Company Profile

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.