Welcome to our dedicated page for WESTWOOD HOLDINGS GROUP news (Ticker: WHG), a resource for investors and traders seeking the latest updates and insights on WESTWOOD HOLDINGS GROUP stock.
Westwood Holdings Group, Inc. (NYSE: WHG) is a premier investment management firm headquartered in Dallas, with additional offices in Toronto, Boston, and Houston. The company offers a diverse range of investment strategies tailored to institutional investors, private wealth clients, and financial intermediaries. With a robust $21.6 billion in assets under management as of June 30, 2018, Westwood has solidified its position in the investment landscape.
Westwood provides services through two primary segments: Advisory and Trust. The Advisory segment offers investment advisory services to corporate and public retirement plans, endowments, foundations, individual clients, and the Westwood Funds. This segment also provides sub-advisory services to mutual funds. Meanwhile, the Trust segment caters to high-net-worth individuals and institutions by offering trust and custodial services.
Westwood's investment strategies span various asset classes, including U.S. equities, multi-asset, global and emerging markets equities, global convertible securities, and master limited partnerships (MLPs). These strategies are accessible through separate accounts, the Westwood Funds® family of mutual funds, UCITS funds, and other pooled investment vehicles.
The company benefits from significant employee ownership, which aligns the interests of its workforce with those of its clients. This structure underpins the firm's commitment to delivering exceptional investment performance and client service.
Westwood's latest news highlights the launch of its second ETF, the Westwood Salient Enhanced Energy Income ETF (WEEI). This ETF diversifies exposure across the energy sector, including upstream, downstream, oil service, and integrated companies. WEEI aims to provide high income generation with an annualized yield target of 6-8%, significantly higher than traditional energy ETFs. This launch follows the successful introduction of the Westwood Midstream Plus ETF (MDST), reflecting the firm's ongoing innovation in serving its clients' evolving investment needs.
Westwood Holdings Group continues to be a trusted name in investment management, known for its comprehensive investment solutions, client-centric approach, and financial expertise.
Westwood Holdings Group (NYSE: WHG) reported a strong performance for Q3 2021, with revenues of $17.9 million compared to $17.5 million in Q2 and $15.5 million a year ago. Net income increased to $1.9 million, a significant turnaround from a $10.3 million loss last year. Average assets under management (AUM) were $13.8 billion, down from $14.4 billion due to net outflows and market depreciation. A quarterly dividend of $0.15 per share was declared, reflecting the company's commitment to shareholder value.
Westwood Holdings Group (NYSE:WHG) will announce its third quarter 2021 earnings on October 27, 2021, after the market closes. A live audio webcast and conference call will follow at 4:30 PM ET. Interested listeners can dial 877-303-6235 (U.S. & Canada) or 631-291-4837 (International) to join the call. A replay will be available until November 3. The conference call can also be accessed via webcast at westwoodgroup.com.
Westwood Holdings Group, Inc. (NYSE: WHG) reported strong second-quarter 2021 results, marking its best sales quarter since 2016. Revenues reached $17.5 million, down from $18.3 million in Q1, but up from $15.9 million year-over-year. The company declared a regular dividend of $0.10 and a special dividend of $2.50 per share. Net income was $1.0 million, a significant improvement from a $2.6 million loss in Q2 2020. Assets under management totaled $14.4 billion, with strong net inflows of $1 billion. Cash and short-term investments stand at $92.3 million, with no debt.
Westwood Holdings Group (NYSE:WHG) is set to release its second quarter earnings on July 27, 2021, after the NYSE closes. A live audio webcast and conference call will be hosted at 4:30 PM ET. Callers can join by dialing 877-303-6235 (U.S.) or 631-291-4837 (International). The call will be available for replay until November 6. Westwood specializes in investment management and wealth management, offering equity and multi-asset solutions for institutional and private clients. More details can be found on their website.
Westwood Holdings Group (NYSE: WHG) announced it received two unsolicited acquisition proposals from Americana Partners, LLC, with the latest offering $25.00 per share in cash. The Board of Directors unanimously deemed this offer significantly undervalued compared to the company's strategic standalone plan, citing a lack of evidence from Americana regarding its capability to finance the bid. CEO Brian O. Casey expressed confidence in Westwood's growth trajectory due to successful cost reduction and strategic investments.
Westwood Holdings Group (NYSE: WHG) has implemented a limited-duration Shareholder Rights Agreement to enhance shareholder value. The agreement became effective on May 2, 2021, and aims to prevent hostile takeovers by establishing rights for shareholders. Each shareholder will receive one right per share, which becomes exercisable if an acquiring person obtains 10% or more of the company's stock without Board approval. Rights can be exercised at a 50% discount on stock purchases. The agreement will maintain investor protection while allowing the Board to consider fair offers.
Westwood Holdings Group, Inc. (NYSE: WHG) has appointed Randy Bowman as a new director, effective immediately. He succeeds Raymond E. Wooldridge, who has chosen not to run for re-election at the 2022 annual meeting after serving since 2001. Randy Bowman brings extensive experience as an entrepreneur and community leader, notably founding a successful logistics company and launching initiatives to aid underprivileged youth. The appointment aims to enhance the diversity of perspectives on the board, reflecting Westwood's ongoing commitment to its values-based culture.
Westwood Holdings Group (WHG) reported strong performance for Q1 2021, with revenues of $18.3 million, up from $17.1 million in the previous quarter and $16.7 million year-over-year. Net income reached $4.1 million compared to $2.8 million last quarter and $1.1 million a year ago. Positive net flows exceeded $500 million, and AUM increased to $14.5 billion from $13.0 billion. The company declared a dividend of $0.10 per share and repurchased 92,491 shares for $1.4 million. Westwood remains committed to reducing expenses and expects further growth from new client mandates.
Westwood Holdings Group (NYSE:WHG) will announce its first quarter 2021 earnings after the market closes on April 28, 2021. A live audio webcast and conference call will follow at 4:30 PM ET. Interested participants can listen via telephone or online at westwoodgroup.com/investor-relations/events-webcasts.
The conference call can be accessed by calling 877-303-6235 (U.S.) or 631-291-4837 (International). Replay is available until May 5, 2021.
Westwood Holdings Group (NYSE: WHG) reported fourth quarter earnings with revenues of $17.1 million, an increase from $15.5 million in Q3. The company reinstated a cash dividend of $0.10 per share, payable April 1, 2021. Net income was $2.8 million, a significant recovery from a $10.3 million loss in Q3. Assets under management rose to $13.0 billion from $12.0 billion due to market appreciation. Though 2020 ended with a net loss of $8.9 million, the company sees positive growth potential moving forward.
FAQ
What is the current stock price of WESTWOOD HOLDINGS GROUP (WHG)?
What is the market cap of WESTWOOD HOLDINGS GROUP (WHG)?
What services does Westwood Holdings Group, Inc. provide?
What are the main segments of Westwood Holdings Group's business?
What types of investment strategies does Westwood offer?
How can clients access Westwood's investment strategies?
What is the significance of employee ownership at Westwood Holdings Group?
What is the latest product launched by Westwood Holdings Group?
Where is Westwood Holdings Group headquartered?
How much in assets does Westwood Holdings Group manage?
Which segment generates the most revenue for Westwood Holdings Group?
Where does Westwood Holdings Group derive most of its revenue geographically?
