13,148 Shares in Westwood Holdings Group Inc $WHG Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. purchased a new position in Westwood Holdings Group Inc (NYSE:WHG) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 13,148 shares of the asset manager’s stock, valued at approximately $213,000. Goldman Sachs Group Inc. owned approximately 0.14% of Westwood Holdings Group at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in Westwood Holdings Group during the 1st quarter valued at about $366,000. Empowered Funds LLC grew its stake in Westwood Holdings Group by 8.7% during the 1st quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager’s stock valued at $466,000 after acquiring an additional 2,291 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Westwood Holdings Group by 1.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 453,180 shares of the asset manager’s stock valued at $7,342,000 after acquiring an additional 6,480 shares in the last quarter. Garner Asset Management Corp grew its stake in Westwood Holdings Group by 4.0% during the 1st quarter. Garner Asset Management Corp now owns 146,408 shares of the asset manager’s stock valued at $2,372,000 after acquiring an additional 5,655 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Westwood Holdings Group during the 4th quarter valued at about $146,000. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Brian O. Casey sold 6,750 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $18.00, for a total value of $121,500.00. Following the completion of the sale, the chief executive officer directly owned 505,926 shares in the company, valued at approximately $9,106,668. The trade was a 1.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.20% of the company’s stock.

Westwood Holdings Group Price Performance

Shares of Westwood Holdings Group stock opened at $16.89 on Monday. The firm has a market cap of $158.93 million, a price-to-earnings ratio of 40.22 and a beta of 1.00. Westwood Holdings Group Inc has a 52-week low of $13.49 and a 52-week high of $18.97. The stock has a 50-day simple moving average of $17.57 and a 200-day simple moving average of $16.38.

Westwood Holdings Group (NYSE:WHG) last announced its quarterly earnings results on Friday, August 8th. The asset manager reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $23.12 million during the quarter. Westwood Holdings Group had a return on equity of 5.19% and a net margin of 3.92%.

Westwood Holdings Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 2nd. Westwood Holdings Group’s payout ratio is currently 142.86%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Westwood Holdings Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th.

About Westwood Holdings Group

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.