Dimensional Fund Advisors LP increased its stake in Westwood Holdings Group, Inc. (NYSE:WHG) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 304,175 shares of the asset manager’s stock after purchasing an additional 15,964 shares during the quarter. Dimensional Fund Advisors LP owned 3.43% of Westwood Holdings Group worth $20,462,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in Westwood Holdings Group by 12.8% in the second quarter. Russell Investments Group Ltd. now owns 3,611 shares of the asset manager’s stock worth $205,000 after purchasing an additional 410 shares during the last quarter. Bessemer Group Inc. purchased a new stake in Westwood Holdings Group in the third quarter worth approximately $262,000. Thrivent Financial For Lutherans purchased a new stake in Westwood Holdings Group in the second quarter worth approximately $246,000. Nationwide Fund Advisors boosted its holdings in Westwood Holdings Group by 2.1% in the second quarter. Nationwide Fund Advisors now owns 4,636 shares of the asset manager’s stock worth $263,000 after purchasing an additional 95 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Westwood Holdings Group by 25.6% in the third quarter. Schroder Investment Management Group now owns 5,400 shares of the asset manager’s stock worth $362,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors own 66.91% of the company’s stock.
In other news, General Counsel Julie Kramer Gerron sold 1,000 shares of Westwood Holdings Group stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $66.32, for a total transaction of $66,320.00. Following the transaction, the general counsel now owns 31,631 shares in the company, valued at approximately $2,097,767.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CIO Mark Freeman sold 4,500 shares of Westwood Holdings Group stock in a transaction on Friday, December 15th. The stock was sold at an average price of $65.06, for a total transaction of $292,770.00. Following the transaction, the executive now owns 64,250 shares in the company, valued at approximately $4,180,105. The disclosure for this sale can be found here. Insiders have sold a total of 12,013 shares of company stock worth $800,297 in the last quarter. Corporate insiders own 9.60% of the company’s stock.
Shares of Westwood Holdings Group, Inc. (WHG) opened at $68.88 on Tuesday. Westwood Holdings Group, Inc. has a fifty-two week low of $51.41 and a fifty-two week high of $71.00. The stock has a market cap of $618.53, a P/E ratio of 23.19 and a beta of 1.54.
Westwood Holdings Group (NYSE:WHG) last issued its earnings results on Wednesday, October 25th. The asset manager reported $0.56 earnings per share (EPS) for the quarter. Westwood Holdings Group had a net margin of 18.84% and a return on equity of 18.23%.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, December 7th. This is a boost from Westwood Holdings Group’s previous quarterly dividend of $0.62. Westwood Holdings Group’s dividend payout ratio (DPR) is currently 91.58%.
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Westwood Holdings Group Company Profile
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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