BlackRock Inc. boosted its position in shares of Westwood Holdings Group Inc (NYSE:WHG) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 585,745 shares of the asset manager’s stock after buying an additional 16,621 shares during the period. BlackRock Inc. owned approximately 6.60% of Westwood Holdings Group worth $38,782,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in Westwood Holdings Group by 0.5% during the third quarter. Wells Fargo & Company MN now owns 639,005 shares of the asset manager’s stock valued at $42,984,000 after buying an additional 3,096 shares during the last quarter. Aperio Group LLC raised its position in Westwood Holdings Group by 38.0% during the fourth quarter. Aperio Group LLC now owns 6,346 shares of the asset manager’s stock valued at $420,000 after purchasing an additional 1,747 shares during the period. Schwab Charles Investment Management Inc. raised its position in Westwood Holdings Group by 5.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 44,145 shares of the asset manager’s stock valued at $2,923,000 after purchasing an additional 2,462 shares during the period. Russell Investments Group Ltd. raised its position in Westwood Holdings Group by 61.3% during the third quarter. Russell Investments Group Ltd. now owns 5,824 shares of the asset manager’s stock valued at $392,000 after purchasing an additional 2,213 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Westwood Holdings Group during the fourth quarter valued at approximately $128,000. 67.40% of the stock is owned by institutional investors.
In other Westwood Holdings Group news, General Counsel Julie Kramer Gerron sold 1,513 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $68.34, for a total transaction of $103,398.42. Following the sale, the general counsel now directly owns 28,131 shares in the company, valued at $1,922,472.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 9.00% of the company’s stock.
Shares of WHG stock opened at $55.52 on Tuesday. Westwood Holdings Group Inc has a 1 year low of $52.09 and a 1 year high of $71.00. The company has a market cap of $495.89, a price-to-earnings ratio of 20.72 and a beta of 1.50.
Westwood Holdings Group (NYSE:WHG) last issued its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.41 earnings per share (EPS) for the quarter. Westwood Holdings Group had a return on equity of 14.79% and a net margin of 14.94%. The business had revenue of $33.91 million for the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 9th were given a dividend of $0.68 per share. The ex-dividend date was Thursday, March 8th. This represents a $2.72 dividend on an annualized basis and a yield of 4.90%.
Separately, TheStreet downgraded Westwood Holdings Group from a “b” rating to a “c+” rating in a research report on Friday, February 9th.
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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.
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