Westwood Holdings Group (NYSE:WHG) Issues Earnings Results

Westwood Holdings Group (NYSE:WHG - Get Free Report) announced its quarterly earnings results on Wednesday. The asset manager reported $0.35 earnings per share for the quarter, Zacks reports. Westwood Holdings Group had a return on equity of 3.27% and a net margin of 2.92%.

Westwood Holdings Group Stock Performance

Shares of Westwood Holdings Group stock traded up $0.06 on Friday, reaching $16.81. 10,736 shares of the company were exchanged, compared to its average volume of 11,197. The company's 50-day moving average is $15.17 and its two-hundred day moving average is $14.58. The firm has a market cap of $155.83 million, a price-to-earnings ratio of 50.94 and a beta of 1.13. Westwood Holdings Group has a 1-year low of $11.01 and a 1-year high of $18.03.

Westwood Holdings Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, March 3rd. Westwood Holdings Group's payout ratio is 181.82%.

Wall Street Analyst Weigh In

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

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.