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

Geode Capital Management LLC lowered its holdings in Westwood Holdings Group, Inc. (NYSE:WHG) by 7.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,555 shares of the asset manager’s stock after selling 5,127 shares during the quarter. Geode Capital Management LLC owned 0.71% of Westwood Holdings Group worth $931,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in WHG. Empowered Funds LLC raised its stake in shares of Westwood Holdings Group by 5.0% during the 3rd 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 during the last quarter. De Lisle Partners LLP grew its position in shares of Westwood Holdings Group by 131.4% in 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 last quarter. Garner Asset Management Corp raised its position in shares of Westwood Holdings Group by 85.4% during the 2nd quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager’s stock worth $1,424,000 after purchasing an additional 53,870 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Westwood Holdings Group by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 243,897 shares of the asset manager’s stock valued at $2,971,000 after buying an additional 5,793 shares in the last quarter. Finally, North Star Investment Management Corp. grew its holdings in 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 valued at $5,097,000 after buying an additional 5,121 shares during the last quarter. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Westwood Holdings Group Stock Down 1.8 %

NYSE WHG opened at $14.58 on Friday. The business has a 50 day moving average price of $15.35 and a two-hundred day moving average price of $14.07. Westwood Holdings Group, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $18.03. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders 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 payout ratio is 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.