Westwood Holdings Group (NYSE:WHG) Announces Quarterly Earnings Results

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

Westwood Holdings Group Stock Performance

WHG stock traded up $0.81 during trading on Wednesday, hitting $16.11. 34,351 shares of the company traded hands, compared to its average volume of 13,095. The company has a 50-day moving average of $15.12 and a 200-day moving average of $14.51. The firm has a market capitalization of $149.29 million, a PE ratio of 48.80 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.

Analysts Set New Price Targets

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

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.