Empowered Funds LLC Has $357,000 Stock Position in Westwood Holdings Group, Inc. (NYSE:WHG)

Empowered Funds LLC grew its stake in shares of Westwood Holdings Group, Inc. (NYSE:WHG) by 5.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 25,107 shares of the asset manager’s stock after purchasing an additional 1,206 shares during the quarter. Empowered Funds LLC’s holdings in Westwood Holdings Group were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Garner Asset Management Corp boosted its stake in shares of Westwood Holdings Group by 85.4% in the second quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager’s stock valued at $1,424,000 after buying an additional 53,870 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Westwood Holdings Group by 2.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 584,118 shares of the asset manager’s stock valued at $8,294,000 after purchasing an additional 12,680 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in Westwood Holdings Group by 2.9% during the second quarter. Deprince Race & Zollo Inc. now owns 459,320 shares of the asset manager’s stock worth $5,595,000 after buying an additional 13,012 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Westwood Holdings Group by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 243,897 shares of the asset manager’s stock worth $2,971,000 after buying an additional 5,793 shares in the last quarter. Finally, North Star Investment Management Corp. increased its holdings in Westwood Holdings Group by 1.4% in the 3rd quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager’s stock valued at $5,097,000 after buying an additional 5,121 shares during the period. Institutional investors own 56.64% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th.

Westwood Holdings Group Stock Performance

Westwood Holdings Group stock opened at $15.70 on Tuesday. Westwood Holdings Group, Inc. has a 52 week low of $10.75 and a 52 week high of $18.03. The stock has a market capitalization of $145.54 million, a P/E ratio of 47.58 and a beta of 1.13. The stock has a fifty day moving average of $15.05 and a 200-day moving average of $13.40.

Westwood Holdings Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 2nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Monday, December 2nd. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 181.82%.

Westwood Holdings Group Company Profile

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.