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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 (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.
Westwood Holdings Group, Inc. (NYSE:WHG) announced that it will release its fourth quarter 2020 earnings after the close of the NYSE on February 10, 2021. A live audio webcast and conference call will follow at 4:30 PM ET. The call can be accessed via phone or through Westwood's website. Westwood specializes in investment management, offering equity and multi-asset solutions to various clients. The firm is notable for its broad-based employee ownership and operates primarily out of Dallas with a secondary office in Houston.
Westwood Holdings Group announced changes to its Multi-Asset team, aimed at enhancing its investment strategies. Adrian Helfert has led the team since January 2019, now joined by Scott Barnard and other specialists to manage various funds, including the Income Opportunity Fund and High Income Fund. The firm will no longer offer standalone convertible securities strategies, with three team members transitioning back to Aviva Investors. Westwood, based in Dallas, emphasizes employee ownership and manages investments focusing on U.S. Value Equity and Multi-Asset strategies.
Westwood Holdings Group (NYSE: WHG) reported a net loss of $10.3 million for Q3 2020, significantly impacted by one-time, non-cash items. Revenues decreased to $15.5 million, down from $15.9 million in Q2 2020 and $19.9 million a year earlier. However, several investment strategies outperformed their benchmarks, with Total Return achieving a top quartile ranking. The company’s cash position improved to $77.6 million, up by $3.4 million from the previous quarter, with no debt. The report highlights ongoing adjustments in operations, including the closure of Westwood International Advisors.
Westwood Holdings Group (NYSE: WHG) will release its third quarter 2020 earnings on October 28, 2020, after the market closes. A live audio webcast and conference call will follow at 4:30 PM ET. Investors can participate by calling 877-303-6235 (U.S.) or 631-291-4837 (International). A replay will be available until November 5. Westwood specializes in investment management, providing solutions across U.S. Value Equity, Multi-Asset, Convertibles, and Fixed Income. For more details, visit westwoodgroup.com.
Westwood Holdings Group (NYSE: WHG) reported a net loss of $2.6 million for Q2 2020, down from a net income of $1.1 million in Q1 2020. Revenues decreased to $15.9 million from $16.7 million in Q1 and $21.7 million year-over-year, attributed to lower assets under management (AUM) of $11.9 billion. Various investment strategies performed well, with several beating benchmarks. As part of a strategic restructuring plan, the Toronto office will close, aiming to reduce expenses and enhance long-term growth initiatives. The company repurchased shares worth $8.1 million.
Westwood Holdings Group will announce its second quarter 2020 earnings on July 29, after the NYSE closes. A live audio webcast and conference call will follow at 4:30 PM ET. Investors can join via phone at 877-303-6235 (U.S.) or 631-291-4837 (International). A replay will be available until August 6. Westwood specializes in investment management and offers services in U.S. Value Equity, Multi-Asset, and Emerging Markets Equity. The firm is notable for its employee ownership and trades under the symbol WHG.
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