Arete Wealth Advisors LLC Acquires 2,178 Shares of Westwood Holdings Group, Inc. (NYSE:WHG)

Arete Wealth Advisors LLC raised its holdings in Westwood Holdings Group, Inc. (NYSE:WHG) by 11.9% in the third quarter, HoldingsChannel.com reports. The firm owned 20,427 shares of the asset manager’s stock after purchasing an additional 2,178 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Westwood Holdings Group were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC boosted 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 valued at $357,000 after purchasing an additional 1,206 shares during the period. De Lisle Partners LLP boosted its holdings in Westwood Holdings Group by 131.4% in the 3rd quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager’s stock valued at $972,000 after purchasing an additional 38,996 shares during the period. Garner Asset Management Corp boosted its holdings 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 purchasing an additional 53,870 shares during the period. Dimensional Fund Advisors LP boosted 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 valued at $2,971,000 after purchasing an additional 5,793 shares during the period. Finally, North Star Investment Management Corp. lifted its holdings in shares of Westwood Holdings Group by 1.4% during the 3rd quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager’s stock worth $5,097,000 after acquiring an additional 5,121 shares during the period. Institutional investors own 56.64% of the company’s stock.

Analysts Set New Price Targets

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

Westwood Holdings Group Trading Down 0.3 %

Shares of Westwood Holdings Group stock opened at $15.49 on Friday. The company has a 50 day moving average of $15.56 and a 200-day moving average of $13.69. Westwood Holdings Group, Inc. has a 1-year low of $11.00 and a 1-year high of $18.03. The company has a market cap of $143.59 million, a PE ratio of 46.94 and a beta of 1.12.

Westwood Holdings Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Monday, December 2nd. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 181.82%.

Westwood Holdings Group Company 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.