King Luther Capital Management Corp Reduces Stake in Westwood Holdings Group, Inc. (NYSE:WHG)

King Luther Capital Management Corp reduced its position in Westwood Holdings Group, Inc. (NYSE:WHG - Free Report) by 22.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,990 shares of the asset manager's stock after selling 53,750 shares during the period. King Luther Capital Management Corp owned approximately 2.00% of Westwood Holdings Group worth $2,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in Westwood Holdings Group by 5.0% in the 3rd 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 period. Garner Asset Management Corp raised its holdings in Westwood Holdings Group by 4.4% in the 1st quarter. Garner Asset Management Corp now owns 63,067 shares of the asset manager's stock worth $777,000 after purchasing an additional 2,672 shares during the period. Gabelli Funds LLC raised its holdings in Westwood Holdings Group by 5.2% in the 1st quarter. Gabelli Funds LLC now owns 104,673 shares of the asset manager's stock worth $1,290,000 after purchasing an additional 5,127 shares during the period. Dimensional Fund Advisors LP raised its holdings in Westwood Holdings Group by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 243,897 shares of the asset manager's stock worth $2,971,000 after purchasing an additional 5,793 shares during the period. Finally, North Star Investment Management Corp. raised 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 purchasing an additional 5,121 shares during the period. 56.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Westwood Holdings Group Stock Down 2.6 %

NYSE:WHG traded down $0.43 on Friday, reaching $16.27. 11,010 shares of the company's stock traded hands, compared to its average volume of 23,248. The stock has a 50-day simple moving average of $14.99 and a 200-day simple moving average of $13.35. The firm has a market cap of $150.82 million, a PE ratio of 49.33 and a beta of 1.13. Westwood Holdings Group, Inc. has a 12 month low of $10.75 and a 12 month high of $18.03.

Westwood Holdings Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.15 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.69%. Westwood Holdings Group's 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.