WHG
Westwood Holdings Group, Inc.18.27
+0.09+0.5%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Outflows detailed, pipeline wins surface
Q&A unpacked the year's $1B net outflows, revealing over 80% stemmed from one low-fee sub-advisory client in struggling Large Cap Value amid narrow-market style biases. Management stressed minimal revenue hit from those <20 bps fees. Offsets include a new $200M client yesterday, $450M SMID defined contribution plan funding Q1 end, and MDST ETF surpassing $200M with wirehouse due diligence underway. Pipeline looks robust. Low fees mute the pain. Candid tone reinforces bullish distribution momentum; investors track net flow conversion.
Key Stats
Market Cap
171.89MP/E (TTM)
22.01Basic EPS (TTM)
0.83Dividend Yield
0.03%Recent Filings
10-K
FY2025 results
Westwood Holdings Group held AUM steady at $16.5B for FY2025 ended December 31, 2025, matching 2024 despite $1.0B net outflows offset by equal market appreciation; quarterly average AUM rose 5% to $17.1B, fueling 3% revenue growth to $97.8M from ETF and private energy secondaries gains. Strong performers included MLP Total Return, Income Opportunity, and energy ETFs beating benchmarks. Q4 momentum showed inflows across segments, with institutional steady at $8.3B. Cash swelled to $44.1M debt-free; $5.4M dividends paid. Net income soared 220% to $7.1M. AUM volatility from market swings risks quarterly flows.
8-K
Q4 revenues up, income dips
Westwood Holdings Group reported Q4 2025 revenues of $27.1M, up from $24.3M prior quarter and $25.6M year ago, but net income fell to $1.9M from $3.7M due to higher compensation. ETF platform topped $200M AUM; WES II closed with over $300M commitments. Board approved $0.15/share dividend, payable April 1. Debt-free with $44.1M cash.
8-K
Q3 earnings surge to $3.7M
Westwood Holdings Group reported third-quarter 2025 net income of $3.7 million, up sharply from $1.0 million in Q2 and $0.1 million a year ago, driven by $24.3 million in revenues and unrealized gains on private investments. Assets under management hit $17.3 billion, with the MDST ETF surpassing $150 million and capturing 30% of September midstream ETF flows; private fundraising exceeded annual goals. The board approved a $0.15 per share dividend, payable January 2, 2026. Momentum builds across strategies.
10-Q
Q3 FY2025 results
Westwood Holdings Group swung to profitability in Q3 2025, posting net income of $3.7M versus a $0.2M loss last year, fueled by $24.3M in revenues up 2% y/y on higher average AUM of $17.3B, while expenses dropped 8% y/y after no contingent consideration hit this time. Advisory fees climbed 6% y/y to $18.9M, with institutional accounts at 45% of total driving the lift, yet trust fees dipped 1% y/y to $5.4M. Operating income hit $2.0M from a $0.5M loss, boosted by a $1.9M unrealized gain on private investments; diluted EPS rose to $0.41 from $0.01, reconciling to 8.9M shares with no anti-dilution flagged. Cash swelled to $21.6M with $10.9M operating cash flow over nine months, no debt, and FCF not disclosed in the 10-Q; the firm renewed its Dallas lease for 11.4 years starting Q2 2026. Revenues hinge on a few big clients.
8-K
Q2 AUM hits $18.3B
Westwood Holdings Group reported Q2 2025 results with assets under management climbing to $18.3 billion from $16.8 billion a year ago, fueled by strong strategy performance and ETF milestones like MDST surpassing $100 million. Revenues held steady at $23.1 million while net income rose to $1.0 million from a $2.2 million loss last year, thanks to lower expenses. The board approved a $0.15 per share dividend, payable October 1. Momentum builds across the platform.
IPO
Employees
Sector
Industry
AMG
Affiliated Managers Group, Inc.
273.15-2.22
BAKR
Baker Global Asset Management Inc.
6.00+0.00
DHIL
Diamond Hill Investment Group,
169.68-0.05
EQH
Equitable Holdings, Inc.
48.32+0.02
HYI
Western Asset High Yield Define
11.02-0.01
JHG
Janus Henderson Group plc
45.01-0.32
NTRS
Northern Trust Corporation
138.27-1.35
SAMG
Silvercrest Asset Management Gr
15.35+0.07
TPG
TPG Inc.
66.43-0.31
VCTR
Victory Capital Holdings, Inc.
64.21-0.08