Allspring Global Investments Holdings LLC Boosts Stock Position in Westwood Holdings Group, Inc. (NYSE:WHG)

Allspring Global Investments Holdings LLC increased its holdings in shares of Westwood Holdings Group, Inc. (NYSE:WHG) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 584,118 shares of the asset manager’s stock after buying an additional 12,680 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of Westwood Holdings Group worth $8,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in WHG. Deprince Race & Zollo Inc. lifted its holdings in Westwood Holdings Group by 2.9% during the second quarter. Deprince Race & Zollo Inc. now owns 459,320 shares of the asset manager’s stock valued at $5,595,000 after purchasing an additional 13,012 shares in the last quarter. Garner Asset Management Corp lifted its stake in Westwood Holdings Group by 85.4% in the 2nd quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager’s stock valued at $1,424,000 after buying an additional 53,870 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Westwood Holdings Group by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 243,897 shares of the asset manager’s stock valued at $2,971,000 after acquiring an additional 5,793 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of Westwood Holdings Group by 5.2% in the first quarter. Gabelli Funds LLC now owns 104,673 shares of the asset manager’s stock valued at $1,290,000 after acquiring an additional 5,127 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Westwood Holdings Group by 2.1% in the first quarter. Gamco Investors INC. ET AL now owns 458,000 shares of the asset manager’s stock worth $5,643,000 after acquiring an additional 9,500 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

Westwood Holdings Group Trading Up 0.9 %

NYSE:WHG opened at $15.95 on Friday. The company has a market cap of $148.54 million, a P/E ratio of 11.73 and a beta of 1.15. Westwood Holdings Group, Inc. has a twelve month low of $8.95 and a twelve month high of $18.03. The company’s 50-day moving average price is $13.83 and its 200-day moving average price is $12.97.

Westwood Holdings Group (NYSE:WHG) last released its earnings results on Wednesday, July 31st. The asset manager reported ($0.18) earnings per share for the quarter. The business had revenue of $22.69 million during the quarter. Westwood Holdings Group had a return on equity of 7.86% and a net margin of 7.63%.

Westwood Holdings Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 2nd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend was Friday, August 30th. Westwood Holdings Group’s payout ratio is currently 44.12%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Westwood Holdings Group in a research note on Monday, October 21st. They issued a “buy” rating for the company.

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.