Westwood Holdings Group, Inc. (NYSE:WHG) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in shares of Westwood Holdings Group, Inc. (NYSE:WHG) by 0.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 585,843 shares of the asset manager’s stock after purchasing an additional 1,725 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.06% of Westwood Holdings Group worth $8,741,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. North Star Investment Management Corp. lifted its stake in Westwood Holdings Group by 1.4% during the third quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager’s stock worth $5,097,000 after purchasing an additional 5,121 shares during the last quarter. Empowered Funds LLC lifted its stake 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 purchasing an additional 1,206 shares during the last quarter. Garner Asset Management Corp lifted its stake in Westwood Holdings Group by 8.0% during the third quarter. Garner Asset Management Corp now owns 126,326 shares of the asset manager’s stock worth $1,794,000 after purchasing an additional 9,389 shares during the last quarter. De Lisle Partners LLP lifted its stake in 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 worth $972,000 after purchasing an additional 38,996 shares during the last quarter. Finally, Arete Wealth Advisors LLC lifted its stake in Westwood Holdings Group by 11.9% in the third quarter. Arete Wealth Advisors LLC now owns 20,427 shares of the asset manager’s stock valued at $294,000 after buying an additional 2,178 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Westwood Holdings Group Stock Up 0.0 %

NYSE:WHG opened at $16.86 on Wednesday. The business’s 50-day moving average price is $15.20 and its 200 day moving average price is $14.60. The firm has a market cap of $156.25 million, a P/E ratio of 51.08 and a beta of 1.13. Westwood Holdings Group, Inc. has a 52-week low of $11.01 and a 52-week high of $18.03.

Westwood Holdings Group (NYSE:WHG) last issued its quarterly earnings results on Wednesday, February 12th. The asset manager reported $0.35 earnings per share 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.60 annualized dividend and a dividend yield of 3.56%. Westwood Holdings Group’s dividend payout ratio is 181.82%.

Westwood Holdings Group 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.