Allspring Global Investments Holdings LLC Boosts Stock Position in Westwood Holdings Group, Inc. (NYSE:WHG)

Allspring Global Investments Holdings LLC lifted its stake in Westwood Holdings Group, Inc. (NYSE:WHG) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 585,843 shares of the asset manager’s stock after buying an additional 1,725 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 6.32% of Westwood Holdings Group worth $8,741,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WHG. North Star Investment Management Corp. boosted 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 worth $5,097,000 after buying an additional 5,121 shares during the last quarter. Garner Asset Management Corp lifted its position in Westwood Holdings Group by 8.0% in the third quarter. Garner Asset Management Corp now owns 126,326 shares of the asset manager’s stock valued at $1,794,000 after buying an additional 9,389 shares during the last quarter. De Lisle Partners LLP boosted its position in shares of Westwood Holdings Group by 131.4% during the 3rd quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager’s stock worth $972,000 after purchasing an additional 38,996 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Westwood Holdings Group by 87.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,861 shares of the asset manager’s stock worth $396,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Westwood Holdings Group by 5.4% during the fourth quarter. Empowered Funds LLC now owns 26,460 shares of the asset manager’s stock worth $384,000 after buying an additional 1,353 shares during the period. 56.64% of the stock is currently owned by institutional investors and hedge funds.

Westwood Holdings Group Stock Up 0.0 %

Shares of WHG stock opened at $16.86 on Wednesday. Westwood Holdings Group, Inc. has a 52 week low of $11.01 and a 52 week high of $18.03. The stock has a market capitalization of $156.25 million, a PE ratio of 51.08 and a beta of 1.13. The firm has a 50 day moving average of $15.20 and a two-hundred day moving average of $14.60.

Westwood Holdings Group (NYSE:WHG) last released its quarterly earnings results on Wednesday, February 12th. The asset manager reported $0.35 EPS for the quarter. Westwood Holdings Group had a return on equity of 3.27% and a net margin of 2.92%.

Westwood Holdings Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.60 annualized dividend and a yield of 3.56%. Westwood Holdings Group’s payout ratio is currently 181.82%.

Wall Street Analysts Forecast Growth

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

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.