Wealth Enhancement Advisory Services LLC Has $204,000 Holdings in Westwood Holdings Group Inc (NYSE:WHG)

Wealth Enhancement Advisory Services LLC cut its holdings in Westwood Holdings Group Inc (NYSE:WHG) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,069 shares of the asset manager’s stock after selling 792 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.15% of Westwood Holdings Group worth $204,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its stake in Westwood Holdings Group by 0.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 585,843 shares of the asset manager’s stock valued at $8,741,000 after buying an additional 1,725 shares during the period. Dimensional Fund Advisors LP lifted its stake in Westwood Holdings Group by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 258,805 shares of the asset manager’s stock valued at $3,755,000 after buying an additional 9,992 shares during the period. Garner Asset Management Corp lifted its stake in Westwood Holdings Group by 11.4% in the fourth quarter. Garner Asset Management Corp now owns 140,753 shares of the asset manager’s stock valued at $2,012,000 after buying an additional 14,427 shares during the period. Bank of America Corp DE lifted its stake in Westwood Holdings Group by 1.0% in the fourth quarter. Bank of America Corp DE now owns 60,875 shares of the asset manager’s stock valued at $883,000 after buying an additional 616 shares during the period. Finally, Northern Trust Corp lifted its stake in Westwood Holdings Group by 29.5% in the fourth quarter. Northern Trust Corp now owns 37,570 shares of the asset manager’s stock valued at $545,000 after buying an additional 8,562 shares during the period. 56.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Westwood Holdings Group from a “buy” rating to a “hold” rating in a report on Monday, May 5th.

Westwood Holdings Group Stock Up 0.4%

NYSE WHG opened at $15.72 on Wednesday. The company has a market cap of $147.45 million, a price-to-earnings ratio of 524.17 and a beta of 0.84. Westwood Holdings Group Inc has a 52 week low of $11.11 and a 52 week high of $18.03. The business has a 50 day moving average price of $15.58 and a 200-day moving average price of $15.51.

Westwood Holdings Group (NYSE:WHG) last released its quarterly earnings data on Wednesday, April 30th. The asset manager reported $0.16 EPS for the quarter. Westwood Holdings Group had a return on equity of 2.46% and a net margin of 0.55%. The firm had revenue of $23.25 million during the quarter.

Westwood Holdings Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.60 annualized dividend and a yield of 3.82%. Westwood Holdings Group’s dividend payout ratio (DPR) is currently 2,000.00%.

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.