Westwood Holdings Group Inc (WHG)
NYSE:WHG
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Westwood Holdings Group
(NYSE:WHG)
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Rating:70Outperform
Price Target:
$17.00
▲(0.47% Upside)
Action:ReiteratedDate:02/16/26
The score is primarily supported by improved profitability and a conservatively positioned, debt-free balance sheet, alongside constructive earnings-call highlights on product and distribution momentum. Offsetting this are historically volatile earnings/cash flows, meaningful net outflows, and only mixed near-term technical momentum; valuation is reasonable with dividend support but not notably cheap.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet with $44.1M in cash and liquid investments provides durable financial flexibility. It lowers fixed financing costs, supports the reinstated regular dividend, and allows management to fund product approvals, distribution expansion, or opportunistic investments during periods of AUM volatility without relying on external debt.
Negative Factors
Net AUM outflows
A $1.0B net outflow (≈5.7% of AUM) is a structural headwind to asset-fee revenue and operating leverage. Persistent or recurring outflows require higher gross sales to offset, can compress organic fee growth, and reduce scale benefits, making revenue and profitability more sensitive to client retention and performance.
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Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet with $44.1M in cash and liquid investments provides durable financial flexibility. It lowers fixed financing costs, supports the reinstated regular dividend, and allows management to fund product approvals, distribution expansion, or opportunistic investments during periods of AUM volatility without relying on external debt.
Read all positive factors
Westwood Holdings Group (WHG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$155.36M
Dividend Yield3.32%
Average Volume (3M)12.79K
Price to Earnings (P/E)19.4
Beta (1Y)0.61
Revenue Growth4.03%
EPS Growth151.19%
CountryUS
Employees151
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.21
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 Cap0.91
Enterprise Value/Revenue1.45
Enterprise Value/Gross Profit1.67
Enterprise Value/Ebitda10.01
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., 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:Feb 13, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Positive
The call highlighted multiple strategic and commercial achievements—ETF and private fund milestones, strong distribution momentum (20% full-year sales growth; institutional +36%, intermediary +32%), improved full-year economic earnings and GAAP income, a debt-free balance sheet, and a growing pipeline of large client opportunities. However, the year included notable net outflows of $1.0B (concentrated in Large Cap Value), a weaker fourth quarter versus Q3 driven by incentive compensation and higher professional/IT costs, and modest quarter-over-quarter declines in earnings metrics. On balance, the company demonstrated meaningful progress on strategic initiatives and year-over-year financial improvement while acknowledging short-term flow and quarterly earnings headwinds.Positive Updates
ETF Franchise & Product Milestones
ETF franchise exceeded $200,000,000 following the late-quarter launch of Westwood Enhanced Income Opportunity (YLDW). MDST (Enhanced Midstream Income) surpassed $170,000,000 earlier and crossed $200,000,000 by the time of the close, enabling pending approvals on major broker-dealer platforms.
Negative Updates
Fourth Quarter Earnings Weakness vs Prior Quarter
GAAP Q4 net income was $1,900,000, or $0.21 per share, down from Q3 income of $3,700,000, or $0.41 per share (a decrease of ~48.8% in EPS quarter-over-quarter). Non-GAAP economic earnings in Q4 were $3,300,000, or $0.36 per share, down from $5,700,000, or $0.64 per share in Q3 (decline of ~42.2%).
Read all updates
Q4-2025 Updates
Positive
Negative
ETF Franchise & Product Milestones
ETF franchise exceeded $200,000,000 following the late-quarter launch of Westwood Enhanced Income Opportunity (YLDW). MDST (Enhanced Midstream Income) surpassed $170,000,000 earlier and crossed $200,000,000 by the time of the close, enabling pending approvals on major broker-dealer platforms.
Read all positive updates
Company Guidance
The company guided that, despite expecting continued market uncertainty, it is positioned for growth thanks to strong distribution momentum and product traction: firm-wide AUM/AUA totaled $17.4B (AUM $16.5B, AUA $0.9B) with institutional $8.3B (50%), wealth $4.3B (26%) and mutual funds $3.9B (24%); 2025 revenues were $97.8M (Q4 $27.1M), full-year net income $7.1M ($0.?), Q4 net income $1.9M ($0.21/share) and Q4 economic earnings $3.3M ($0.36/share) with annual economic earnings $14.3M ($1.61/share) vs $7.0M ($0.82) in 2024; firm saw $1.0B of net AUM outflows and $1.0B of market appreciation for the year (AUA outflows $18M), but highlighted product wins and expected inflows — a new client to add $200M now and $100–200M more, plus a defined contribution plan funding $450M in Q1 that should push SMID AUM near the $2.0B threshold — and reiterated key milestones and scale: ETF franchise >$200M (MDST crossed $200M after topping $170M), Westwood Energy Secondaries Fund II closed with >$300M of commitments (total raised since WES I nearly $350M, invested >$250M), full-year gross sales $2.5B (up 20% from $2.1B) with institutional gross sales +36% and intermediary gross sales +32%, a $0.15/share regular cash dividend payable 04/01/2026, cash and liquid investments of $44.1M and a debt-free balance sheet, and ongoing expectations for additional platform approvals and continued emphasis on high-quality, value-oriented strategies.Westwood Holdings Group Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
84
Very Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 97.76M | 94.72M | 89.78M | 68.68M | 73.05M |
| Gross Profit | 84.61M | 38.71M | 36.86M | 28.56M | 30.52M |
| EBITDA | 14.12M | 10.46M | 8.27M | 4.80M | 8.33M |
| Net Income | 7.08M | 2.21M | 10.57M | -4.63M | 9.76M |
Balance Sheet | |||||
| Total Assets | 163.25M | 149.99M | 155.17M | 146.43M | 139.60M |
| Cash, Cash Equivalents and Short-Term Investments | 47.68M | 46.54M | 53.10M | 39.20M | 80.23M |
| Total Debt | 10.17M | 3.20M | 9.10M | 6.07M | 6.13M |
| Total Liabilities | 35.58M | 27.66M | 32.72M | 35.78M | 21.70M |
| Stockholders Equity | 125.61M | 120.29M | 120.40M | 110.65M | 117.91M |
Cash Flow | |||||
| Free Cash Flow | 17.88M | 21.01M | -1.33M | 51.55M | 19.21M |
| Operating Cash Flow | 17.97M | 21.12M | -1.19M | 51.87M | 19.39M |
| Investing Cash Flow | -3.67M | -4.61M | 4.11M | -34.12M | 9.57M |
| Financing Cash Flow | -6.90M | -18.08M | -6.36M | -9.10M | -26.81M |
Westwood Holdings Group Technical Analysis
Positive
16.92
Price Trends
16.59
Negative
16.84
Negative
16.71
Negative
Market Momentum
-0.03
Negative
52.39
Neutral
48.21
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 15.89, above the 50-day MA of 16.59, and above the 200-day MA of 16.71, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 52.39 is Neutral, neither overbought nor oversold. The STOCH value of 48.21 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $1.08B | 5.12 | 16.16% | 0.99% | 12.52% | 16.53% | |
70 Outperform | $155.36M | 19.44 | 5.77% | 3.32% | 4.03% | 151.19% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
54 Neutral | $73.69M | -79.41 | 5.65% | ― | 8.47% | -32.22% | |
52 Neutral | $65.13M | -3.15 | 116.21% | ― | ― | ― | |
50 Neutral | $1.77B | 31.31 | ― | 1.62% | -12.44% | ― |
* Financial Sector Average
WHG
Westwood Holdings Group
16.60
1.52
10.06%
OPY
Oppenheimer Holdings
104.38
52.66
101.81%
SIEB
Siebert Financial
1.81
-1.19
-39.67%
DOMH
Dominari Holdings
2.88
-0.24
-7.57%
PWP
Perella Weinberg Partners
20.29
4.64
29.62%
Westwood Holdings Group Corporate Events
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.