Alps Advisors Inc. Takes $620,000 Position in Westwood Holdings Group, Inc. (WHG)

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Alps Advisors Inc. bought a new stake in shares of Westwood Holdings Group, Inc. (NYSE:WHG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,414 shares of the asset manager’s stock, valued at approximately $620,000.

A number of other institutional investors have also recently made changes to their positions in WHG. Wells Fargo & Company MN lifted its position in shares of Westwood Holdings Group by 3.6% during the first quarter. Wells Fargo & Company MN now owns 674,811 shares of the asset manager’s stock valued at $38,121,000 after purchasing an additional 23,413 shares in the last quarter. Comerica Bank lifted its position in shares of Westwood Holdings Group by 43.1% during the first quarter. Comerica Bank now owns 16,257 shares of the asset manager’s stock valued at $938,000 after purchasing an additional 4,900 shares in the last quarter. Northern Trust Corp lifted its position in shares of Westwood Holdings Group by 1.7% during the first quarter. Northern Trust Corp now owns 108,033 shares of the asset manager’s stock valued at $6,103,000 after purchasing an additional 1,786 shares in the last quarter. BlackRock Inc. raised its position in Westwood Holdings Group by 1.6% in the first quarter. BlackRock Inc. now owns 594,924 shares of the asset manager’s stock worth $33,607,000 after acquiring an additional 9,179 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Westwood Holdings Group by 357.0% in the first quarter. JPMorgan Chase & Co. now owns 8,007 shares of the asset manager’s stock worth $452,000 after acquiring an additional 6,255 shares during the period. Institutional investors own 67.75% of the company’s stock.

Several analysts have commented on the stock. ValuEngine lowered shares of Westwood Holdings Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. TheStreet raised shares of Westwood Holdings Group from a “c+” rating to a “b” rating in a research report on Tuesday, May 29th.

Shares of WHG stock opened at $56.78 on Friday. The stock has a market capitalization of $519.31 million, a price-to-earnings ratio of 19.44 and a beta of 1.40. Westwood Holdings Group, Inc. has a 52 week low of $53.51 and a 52 week high of $71.00.

Westwood Holdings Group (NYSE:WHG) last announced its quarterly earnings data on Wednesday, July 25th. The asset manager reported $1.00 EPS for the quarter. The business had revenue of $32.76 million for the quarter. Westwood Holdings Group had a net margin of 17.20% and a return on equity of 16.00%.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 7th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Thursday, September 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.

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Institutional Ownership by Quarter for Westwood Holdings Group (NYSE:WHG)

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