Millennium Management LLC Invests $146,000 in Westwood Holdings Group, Inc. (NYSE:WHG)

Millennium Management LLC acquired a new stake in Westwood Holdings Group, Inc. (NYSE:WHG) during the 4th quarter, Holdings Channel reports. The fund acquired 10,086 shares of the asset manager’s stock, valued at approximately $146,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in Westwood Holdings Group by 1.0% during the 4th quarter. Bank of America Corp DE now owns 60,875 shares of the asset manager’s stock worth $883,000 after purchasing an additional 616 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Westwood Holdings Group by 5.4% during the fourth 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 raised its position in Westwood Holdings Group by 0.3% in the 4th 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 last quarter. Barclays PLC lifted its stake in Westwood Holdings Group by 180.7% in the 4th quarter. Barclays PLC now owns 3,054 shares of the asset manager’s stock valued at $44,000 after acquiring an additional 1,966 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Westwood Holdings Group by 29.5% in the 4th quarter. Northern Trust Corp now owns 37,570 shares of the asset manager’s stock valued at $545,000 after acquiring an additional 8,562 shares in the last quarter. 56.64% of the stock is owned by institutional investors.

Westwood Holdings Group Stock Performance

WHG opened at $15.29 on Friday. The business’s 50-day simple moving average is $15.57 and its 200 day simple moving average is $15.53. Westwood Holdings Group, Inc. has a 52-week low of $11.11 and a 52-week high of $18.03. The firm has a market capitalization of $143.42 million, a PE ratio of 61.16 and a beta of 0.84.

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. The company had revenue of $23.25 million during the quarter. Westwood Holdings Group had a return on equity of 2.66% and a net margin of 2.33%.

Westwood Holdings Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.60 annualized dividend and a dividend yield of 3.92%. Westwood Holdings Group’s dividend payout ratio is presently 2,000.00%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Westwood Holdings Group from a “buy” rating to a “hold” rating in a research note on Monday, May 5th.

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.