Barclays PLC Grows Position in Westwood Holdings Group, Inc. (NYSE:WHG)

Barclays PLC raised its position in shares of Westwood Holdings Group, Inc. (NYSE:WHG) by 180.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,054 shares of the asset manager’s stock after buying an additional 1,966 shares during the period. Barclays PLC’s holdings in Westwood Holdings Group were worth $44,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WHG. Empowered Funds LLC boosted its position in Westwood Holdings Group by 5.4% in the fourth quarter. Empowered Funds LLC now owns 26,460 shares of the asset manager’s stock valued at $384,000 after buying an additional 1,353 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Westwood Holdings Group by 87.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,861 shares of the asset manager’s stock worth $396,000 after acquiring an additional 13,000 shares in the last quarter. Garner Asset Management Corp increased its holdings in Westwood Holdings Group by 11.4% in the 4th quarter. Garner Asset Management Corp now owns 140,753 shares of the asset manager’s stock worth $2,012,000 after acquiring an additional 14,427 shares in the last quarter. Peapod Lane Capital LLC purchased a new stake in Westwood Holdings Group in the 4th quarter worth $2,533,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Westwood Holdings Group by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 585,843 shares of the asset manager’s stock worth $8,741,000 after buying an additional 1,725 shares in the last quarter. 56.64% of the stock is owned by hedge funds and other institutional investors.

Westwood Holdings Group Price Performance

NYSE WHG opened at $14.99 on Friday. The stock has a market capitalization of $140.61 million, a P/E ratio of 59.96 and a beta of 0.83. Westwood Holdings Group, Inc. has a 12 month low of $11.11 and a 12 month high of $18.03. The firm’s 50-day moving average is $15.85 and its two-hundred day moving average is $15.61.

Westwood Holdings Group (NYSE:WHG) last released its earnings results on Wednesday, April 30th. The asset manager reported $0.16 earnings per share for the quarter. The firm had revenue of $23.25 million for the quarter. Westwood Holdings Group had a net margin of 2.33% and a return on equity of 2.66%.

Westwood Holdings Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Monday, June 2nd. Westwood Holdings Group’s payout ratio is currently 2,000.00%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Westwood Holdings Group from a “buy” rating to a “hold” rating in a research report on Monday, May 5th.

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.