Want to see WHG full AI Analyst Report?
Top Page
Westwood Holdings Group
(NYSE:WHG)
Select Model
Select Model
Rating:74Outperform
Price Target:
$22.50
▲(15.50% Upside)
Action:Reiterated
Date:08/10/26
WHG scores well primarily on financial quality (debt-free balance sheet and restored profitability) and supportive technical trends (price above key moving averages with positive MACD). The score is moderated by only average valuation (P/E ~21) and earnings-call risks centered on significant net outflows and near-term cost/tax pressure despite positive growth initiatives and a new dividend.
Positive Factors
Balance Sheet Strength
Zero debt and a sizable equity base provide durable financial flexibility, lowering solvency risk and supporting capital returns or opportunistic investment. This reduces refinancing and interest-rate exposure, enabling management to execute growth initiatives and sustain dividends through market cycles.
Negative Factors
Large Net Outflows
Concentrated, large redemptions materially reduce AUM-linked fee revenue and reveal client concentration and strategy risk. Persistent or repeat outflows can erode economics, force higher marketing spend, and pressure margins, making revenue and earnings more sensitive to fundraising execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Zero debt and a sizable equity base provide durable financial flexibility, lowering solvency risk and supporting capital returns or opportunistic investment. This reduces refinancing and interest-rate exposure, enabling management to execute growth initiatives and sustain dividends through market cycles.
Read all positive factors
Westwood Holdings Group (WHG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$184.47M
Dividend Yield3.08%
Average Volume (3M)12.79K
Price to Earnings (P/E)20.9
Beta (1Y)0.56
Revenue Growth7.70%
EPS Growth110.71%
CountryUS
Employees148
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.93
Shares Outstanding9,484,473
10 Day Avg. Volume22,890
30 Day Avg. Volume12,791
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)1.15
Price to Sales (P/S)1.47
P/FCF Ratio8.06
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Westwood Holdings Group Business Overview & Revenue Model
Company Description
Westwood Holdings Group, Inc. is an investment management firm that, operating through its various subsidiaries, offers a suite of financial services and actively manages client investment portfolios. The company's business activities are divided ...
How the Company Makes Money
WHG primarily makes money by charging fees for managing client assets and providing investment/wealth advisory services. The company’s main revenue stream is asset-based advisory and management fees earned as a percentage of assets under managemen...
Westwood Holdings Group Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Neutral
The call presented a mix of encouraging operational and financial progress—revenue and net income improvements, growing ETF and private capital businesses, strong long-term strategy rankings, product launches, and a declared dividend—balanced against material net outflows (notably $1.6B) concentrated in legacy value strategies, continued shift toward passive products, and near-term expense and tax pressures. Management framed outflows as anticipated and emphasized a robust pipeline and strategic repositioning toward ETFs, alternatives, and Managed Investment Solutions.Positive Updates
Revenue Growth
Total revenues of $25.3 million in Q2 2026, up from $23.1 million in Q2 2025 (+9.5% YoY) and slightly higher than $25.0 million in Q1 2026 (+1.2% QoQ).
Negative Updates
Large Net Outflows
Firm-wide net outflows of $1.6 billion during the quarter (partially offset by $1.2 billion market appreciation), resulting in a net AUM change of approximately -$400 million for the quarter (≈ -2.2% of quarter-end AUM). Institutional channel reported $382 million in gross sales but net outflows of $1.3 billion.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth
Total revenues of $25.3 million in Q2 2026, up from $23.1 million in Q2 2025 (+9.5% YoY) and slightly higher than $25.0 million in Q1 2026 (+1.2% QoQ).
Read all positive updates
Company Guidance
Westwood guided to aggressive growth over the next year, targeting >$1.0 billion in assets for each of its three emerging businesses (Managed Investment Solutions, ETFs, and Private Capital) from roughly $500 million apiece today; ETFs have already topped $400 million (Enhanced Income ETFs >$370M combined; YLDW ≈$35M), MIS has $350M YTD in flows, and Private Capital closed $147M this quarter with total commitments now north of $500M. Management expects average fee rates to rise as ETF scale and private capital growth (management fees ~1.0%–1.5% with potential carry of 10% over an 8% pref or 15% over an 8% pref) come online, anticipates broader ETF platform availability and the mid‑September PWRX listing on the Texas Stock Exchange, and expects continued SMID cap mandates from national consultants; no carry is yet reflected in financials. The Board also approved a $0.15 per‑share cash dividend payable October 1 (record September 1).Westwood Holdings Group Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
88
Very Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 101.70M | 97.76M | 94.72M | 89.78M | 68.68M | 73.05M |
| Gross Profit | 77.70M | 84.61M | 38.71M | 36.86M | 28.56M | 30.52M |
| EBITDA | 13.36M | 14.12M | 10.46M | 8.27M | 4.80M | 8.33M |
| Net Income | 7.87M | 7.08M | 2.21M | 10.57M | -4.63M | 9.76M |
Balance Sheet | ||||||
| Total Assets | 155.38M | 162.30M | 149.99M | 155.17M | 146.43M | 139.60M |
| Cash, Cash Equivalents and Short-Term Investments | 22.62M | 47.68M | 46.54M | 53.10M | 39.20M | 80.23M |
| Total Debt | 12.41M | 10.17M | 3.20M | 9.10M | 6.07M | 6.13M |
| Total Liabilities | 27.92M | 35.58M | 27.66M | 32.72M | 35.78M | 21.70M |
| Stockholders Equity | 126.34M | 125.61M | 120.29M | 120.40M | 110.65M | 117.91M |
Cash Flow | ||||||
| Free Cash Flow | 15.69M | 17.88M | 21.01M | -1.33M | 51.55M | 19.21M |
| Operating Cash Flow | 18.58M | 17.97M | 21.12M | -1.19M | 51.87M | 19.39M |
| Investing Cash Flow | -4.63M | -3.67M | -4.61M | 4.11M | -34.12M | 9.57M |
| Financing Cash Flow | -6.74M | -6.90M | -18.08M | -6.36M | -9.10M | -26.81M |
Westwood Holdings Group Technical Analysis
Positive
19.48
Price Trends
18.98
Positive
17.55
Positive
17.13
Positive
Market Momentum
0.08
Positive
53.57
Neutral
48.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WHG, the sentiment is Positive. The current price of 19.48 is above the 20-day moving average (MA) of 19.31, above the 50-day MA of 18.98, and above the 200-day MA of 17.13, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 53.57 is Neutral, neither overbought nor oversold. The STOCH value of 48.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WHG.
Westwood Holdings Group Risk Analysis
Westwood Holdings Group disclosed 26 risk factors in its most recent earnings report. Westwood Holdings Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Westwood Holdings Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $184.47M | 20.91 | 6.29% | 3.13% | 7.70% | 110.71% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $1.23B | 11.92 | 10.71% | 1.59% | 20.97% | 16.24% | |
54 Neutral | $78.91M | -70.33 | -1.26% | ― | 21.62% | -111.45% | |
54 Neutral | $1.63B | 53.26 | -14.08% | 1.79% | -20.87% | -66.62% | |
44 Neutral | $65.70M | -0.77 | -82.76% | ― | 134.05% | -45.58% |
* Financial Sector Average
WHG
Westwood Holdings Group
19.45
2.04
11.69%
OPY
Oppenheimer Holdings
116.34
47.30
68.52%
SIEB
Siebert Financial
1.92
-1.31
-40.56%
DOMH
Dominari Holdings
2.71
-2.58
-48.72%
PWP
Perella Weinberg Partners
17.38
-3.87
-18.19%
Westwood Holdings Group Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Westwood Holdings Reports Strong Q2 2026 Earnings Growth
Positive
Aug 6, 2026
Westwood Holdings Group, Inc., a Dallas‑based boutique asset manager, reported second‑quarter 2026 results showing firmwide assets under management and advisement of $17.9 billion, supported by strong performance across multi‑ass...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.