Westwood Holdings Group, Inc. (NYSE:WHG) Stake Reduced by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in Westwood Holdings Group, Inc. (NYSE:WHG - Free Report) by 31.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,896 shares of the asset manager's stock after selling 89,439 shares during the quarter. Russell Investments Group Ltd. owned 2.06% of Westwood Holdings Group worth $2,770,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC grew its holdings in Westwood Holdings Group by 5.4% in the 4th quarter. Empowered Funds LLC now owns 26,460 shares of the asset manager's stock worth $384,000 after buying an additional 1,353 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Westwood Holdings Group by 0.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 585,843 shares of the asset manager's stock worth $8,741,000 after acquiring an additional 1,725 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Westwood Holdings Group by 87.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,861 shares of the asset manager's stock worth $396,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Peapod Lane Capital LLC acquired a new position in shares of Westwood Holdings Group during the fourth quarter valued at $2,533,000. 56.64% of the stock is owned by institutional investors and hedge funds.

Westwood Holdings Group Trading Down 3.2 %

WHG stock traded down $0.54 during trading on Wednesday, hitting $16.16. The company had a trading volume of 752 shares, compared to its average volume of 15,945. The business has a 50 day moving average of $15.88 and a 200 day moving average of $15.53. The firm has a market capitalization of $151.58 million, a price-to-earnings ratio of 64.64 and a beta of 0.96. Westwood Holdings Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $18.03.

Westwood Holdings Group (NYSE:WHG - Get Free Report) 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 net margin of 2.33% and a return on equity of 2.66%.

Westwood Holdings Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Monday, March 3rd. Westwood Holdings Group's payout ratio is currently 240.00%.

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.