Westwood Holdings Group, Inc. (NYSE:WHG) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its stake in Westwood Holdings Group, Inc. (NYSE:WHG) by 7.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 65,555 shares of the asset manager’s stock after selling 5,127 shares during the quarter. Geode Capital Management LLC’s holdings in Westwood Holdings Group were worth $931,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. De Lisle Partners LLP increased its holdings in shares of Westwood Holdings Group by 131.4% during the third quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager’s stock valued at $972,000 after purchasing an additional 38,996 shares during the period. Garner Asset Management Corp lifted its holdings in Westwood Holdings Group by 8.0% in the 3rd quarter. Garner Asset Management Corp now owns 126,326 shares of the asset manager’s stock valued at $1,794,000 after acquiring an additional 9,389 shares during the last quarter. Empowered Funds LLC boosted its holdings in Westwood Holdings Group by 5.0% during the third quarter. Empowered Funds LLC now owns 25,107 shares of the asset manager’s stock worth $357,000 after buying an additional 1,206 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of Westwood Holdings Group by 1.4% during the 3rd quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager’s stock worth $5,097,000 after acquiring an additional 5,121 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Westwood Holdings Group by 2.2% in the 3rd 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 during the period. Institutional investors own 56.64% of the company’s stock.

Westwood Holdings Group Stock Down 1.8 %

Shares of Westwood Holdings Group stock opened at $14.58 on Friday. The business has a fifty day simple moving average of $15.35 and a 200-day simple moving average of $14.07. The stock has a market cap of $135.19 million, a PE ratio of 44.18 and a beta of 1.13. Westwood Holdings Group, Inc. has a 12 month low of $11.00 and a 12 month high of $18.03.

Westwood Holdings Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Monday, December 2nd. Westwood Holdings Group’s dividend payout ratio (DPR) is 181.82%.

Analyst Ratings Changes

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

About Westwood Holdings Group

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.