Westwood Holdings Group Inc (WHG)
NYSE:WHG
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Westwood Holdings Group
(NYSE:WHG)
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Rating:73Outperform
Price Target:
$18.50
▲(9.34% Upside)
Action:ReiteratedDate:05/01/26
The score is driven primarily by solid financial fundamentals—especially a conservative, debt-free balance sheet and strong recent cash generation—supported by generally positive earnings-call strategic progress. Valuation is reasonable with a supportive dividend, while technical signals are neutral to mixed, limiting the overall score.
Positive Factors
Debt-free balance sheet
A zero-debt balance sheet and substantial equity provide durable financial flexibility. This reduces refinancing and interest risk, supports consistent dividend policy, funds product development and fundraising costs, and helps the firm weather periodic AUM shocks without liquidity strain.
Negative Factors
Multi-year profitability/cash volatility
Historic swings in earnings and cash flow reduce predictability of fee income and shareholder returns. This volatility can force defensive capital choices in downturns, constrain long-term hiring/investment, and raise execution risk for multi-year initiatives like product launches and private fund builds.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt balance sheet and substantial equity provide durable financial flexibility. This reduces refinancing and interest risk, supports consistent dividend policy, funds product development and fundraising costs, and helps the firm weather periodic AUM shocks without liquidity strain.
Read all positive factors
Westwood Holdings Group (WHG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$151.66M
Dividend Yield3.32%
Average Volume (3M)12.79K
Price to Earnings (P/E)44.7
Beta (1Y)0.61
Revenue Growth6.26%
EPS Growth1779.57%
CountryUS
Employees151
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.09
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 Cap0.94
Enterprise Value/Revenue1.43
Enterprise Value/Gross Profit1.75
Enterprise Value/Ebitda9.69
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., 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 corpo...
How the Company Makes Money
WHG primarily makes money by charging fees for managing client assets and providing advisory services. The company’s core revenue stream is asset-based management fees (typically calculated as a percentage of assets under management) earned from i...
Westwood Holdings Group Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call highlighted multiple strategic and operational positives—AUM growth led by energy/real assets, clear ETF and private capital fundraising milestones, strong long-term performance in several strategies, a healthy balance sheet and a return to shareholders via a dividend. However, near-term financial metrics showed softness vs. the prior quarter (lower revenues, GAAP income and non-GAAP economic earnings down QoQ), net outflows of $50 million, and continued pressure in traditional U.S. value strategies. On balance, the company demonstrated durable strategic momentum and long-term performance strengths that outweigh the short-term earnings and flow headwinds.Positive Updates
AUM Growth and Mix Shift
Firmwide AUM grew to $18.3 billion from $17.4 billion at 12/31/2025, a ~5.2% increase, driven primarily by energy and real asset strategies (private energy funds and energy-focused ETFs) and market appreciation of ~$800 million. Private fund AUM was the largest contributor, reflecting new commitments and capital deployment.
Negative Updates
Quarter-over-Quarter Revenue and Earnings Decline
Q1 2026 revenues of $25.0 million declined ~7.8% versus Q4 2025 ($27.1 million). GAAP net income fell to $0.8 million ($0.09 per share) from $1.9 million ($0.21) in Q4 2025 (a ~57.9% decrease). Non-GAAP economic earnings declined ~15.2% quarter-over-quarter ($2.8 million vs $3.3 million). Management attributed QoQ weakness to lower average AUM and Q4 performance fee recognition, plus higher compensation expenses in Q1.
Read all updates
Q1-2026 Updates
Positive
Negative
AUM Growth and Mix Shift
Firmwide AUM grew to $18.3 billion from $17.4 billion at 12/31/2025, a ~5.2% increase, driven primarily by energy and real asset strategies (private energy funds and energy-focused ETFs) and market appreciation of ~$800 million. Private fund AUM was the largest contributor, reflecting new commitments and capital deployment.
Read all positive updates
Company Guidance
Guidance emphasized continued momentum across AUM, product launches and fundraising, with firmwide AUM/advisement at $18.3 billion (AUM $17.3B, AUA $900M) up from $17.4B at 12/31/2025, institutional assets of $9.0B (52%), wealth $4.2B (24%) and mutual fund/ETF $4.1B (24%), and quarter drivers including $800M market appreciation and $50M net AUM outflows; management expects ongoing traction in SMID Cap (pipeline > $1.0B) and managed investment solutions (one institutional MIS client onboarded with > $200M of gross sales and another client expected in the coming months), continued ETF scaling (Enhanced Income Series MDST > $200M, three Enhanced Income ETFs > $320M combined, YLDW approaching the ~$25M platform threshold and MDIF/MDST going live on a major wire), private capital momentum (West 2 closed > $300M, energy secondaries platform nearly $350M raised and > $250M deployed, fundraising for West 3 underway and being marketed through early 2027), and steady financial positioning (Q1 revenues $25M, economic earnings $2.8M or $0.31/sh, GAAP income $0.8M or $0.09/sh, cash & liquid investments $34.2M, debt-free), plus a board-approved regular cash dividend of $0.15 per common share payable 07/01/2026.Westwood Holdings Group Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
84
Very Positive
Cash Flow
77
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 99.48M | 97.76M | 94.72M | 89.78M | 68.68M | 73.05M |
| Gross Profit | 81.51M | 84.61M | 38.71M | 36.86M | 28.56M | 30.52M |
| EBITDA | 14.72M | 14.12M | 10.46M | 8.27M | 4.80M | 8.33M |
| Net Income | 7.36M | 7.08M | 2.21M | 10.57M | -4.63M | 9.76M |
Balance Sheet | ||||||
| Total Assets | 150.38M | 162.30M | 149.99M | 155.17M | 146.43M | 139.60M |
| Cash, Cash Equivalents and Short-Term Investments | 23.41M | 47.68M | 46.54M | 53.10M | 39.20M | 80.23M |
| Total Debt | 10.02M | 10.17M | 3.20M | 9.10M | 6.07M | 6.13M |
| Total Liabilities | 24.31M | 35.58M | 27.66M | 32.72M | 35.78M | 21.70M |
| Stockholders Equity | 124.96M | 125.61M | 120.29M | 120.40M | 110.65M | 117.91M |
Cash Flow | ||||||
| Free Cash Flow | 19.94M | 17.88M | 21.01M | -1.33M | 51.55M | 19.21M |
| Operating Cash Flow | 20.30M | 17.97M | 21.12M | -1.19M | 51.87M | 19.39M |
| Investing Cash Flow | 396.00K | -3.67M | -4.61M | 4.11M | -34.12M | 9.57M |
| Financing Cash Flow | -6.70M | -6.90M | -18.08M | -6.36M | -9.10M | -26.81M |
Westwood Holdings Group Technical Analysis
Positive
16.92
Price Trends
16.39
Positive
16.90
Negative
16.75
Positive
Market Momentum
0.08
Negative
56.02
Neutral
56.23
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 16.92 is above the 20-day moving average (MA) of 16.25, above the 50-day MA of 16.39, and above the 200-day MA of 16.75, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 56.02 is Neutral, neither overbought nor oversold. The STOCH value of 56.23 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $151.66M | 44.75 | 5.77% | 3.32% | 6.26% | 1779.57% | |
71 Outperform | $1.13B | 5.12 | 16.16% | 0.99% | 18.88% | 26.40% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
56 Neutral | $1.91B | 214.94 | -13.25% | 1.62% | -30.35% | ― | |
54 Neutral | $72.47M | 27.67 | 5.65% | ― | 12.28% | -61.57% | |
52 Neutral | $67.84M | -3.15 | -21.91% | ― | 420.79% | 18.17% |
* Financial Sector Average
WHG
Westwood Holdings Group
15.99
0.07
0.43%
OPY
Oppenheimer Holdings
106.81
47.41
79.81%
SIEB
Siebert Financial
1.77
-1.84
-50.97%
DOMH
Dominari Holdings
3.00
-1.43
-32.33%
PWP
Perella Weinberg Partners
20.61
3.90
23.35%
Westwood Holdings Group Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Westwood Holdings Posts Q1 2026 Results, Raises Dividend
Positive
Apr 30, 2026
On April 30, 2026, Westwood Holdings Group, Inc. reported first-quarter 2026 results showing assets under management and advisement rising to $18.3 billion, supported by momentum in energy and real assets strategies, ETF growth and the final close...
Business Operations and StrategyDividendsFinancial Disclosures
Westwood Holdings Reports Strong Q4 Results, Raises Dividend
Positive
Feb 13, 2026
Westwood Holdings Group, Inc., a boutique asset manager offering actively managed strategies and white-glove wealth services to institutional, intermediary and private clients, reported firmwide assets under management and advisement of $17.4 bill...
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.