Westwood (WHG)
Market Price (5/12/2026): $16.44 | Market Cap: $139.7 MilSector: Financials | Industry: Asset Management & Custody Banks
Westwood (WHG)
Market Price (5/12/2026): $16.44Market Cap: $139.7 MilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.2%, Dividend Yield is 3.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.9%, FCF Yield is 15% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21% Low stock price volatilityVol 12M is 35% Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital. | Weak multi-year price returns3Y Excs Rtn is -30% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 39x Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 16.4 Key risksWHG key risks include [1] persistent net outflows of assets under management and [2] a high concentration of fee revenue from a small number of key clients. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.2%, Dividend Yield is 3.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.9%, FCF Yield is 15% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21% |
| Low stock price volatilityVol 12M is 35% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital. |
| Weak multi-year price returns3Y Excs Rtn is -30% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 39x |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 16.4 |
| Key risksWHG key risks include [1] persistent net outflows of assets under management and [2] a high concentration of fee revenue from a small number of key clients. |
Qualitative Assessment
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Westwood (WHG) stock has lost about 10% since 1/31/2026 because of the following key factors:
1. Sequential Decline in Q1 2026 Financial Performance. Westwood Holdings Group reported a decline in key financial metrics for the first quarter of 2026 compared to the previous quarter. Revenue fell to $25.0 million from $27.1 million in the fourth quarter of 2025. Net income also decreased to $0.8 million from $1.9 million in Q4 2025, and diluted earnings per share (EPS) dropped to $0.09 from $0.21 in the prior quarter. This sequential downturn in profitability, primarily attributed to lower average Assets Under Management (AUM) and fewer performance fees, along with higher compensation expenses, likely contributed to investor concerns.
2. Net Assets Under Management (AUM) Outflows. Despite overall AUM growing to $18.3 billion by March 31, 2026, driven by strong momentum in energy and real asset strategies, the company experienced net AUM outflows of $50 million during the first quarter. These outflows indicate that clients withdrew more assets than they invested, which can be a negative signal regarding client sentiment and future fee generation, despite growth in specific product areas.
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1. Sequential Decline in Q1 2026 Financial Performance. Westwood Holdings Group reported a decline in key financial metrics for the first quarter of 2026 compared to the previous quarter. Revenue fell to $25.0 million from $27.1 million in the fourth quarter of 2025. Net income also decreased to $0.8 million from $1.9 million in Q4 2025, and diluted earnings per share (EPS) dropped to $0.09 from $0.21 in the prior quarter. This sequential downturn in profitability, primarily attributed to lower average Assets Under Management (AUM) and fewer performance fees, along with higher compensation expenses, likely contributed to investor concerns.
2. Net Assets Under Management (AUM) Outflows. Despite overall AUM growing to $18.3 billion by March 31, 2026, driven by strong momentum in energy and real asset strategies, the company experienced net AUM outflows of $50 million during the first quarter. These outflows indicate that clients withdrew more assets than they invested, which can be a negative signal regarding client sentiment and future fee generation, despite growth in specific product areas.
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Stock Movement Drivers
Fundamental Drivers
The -9.8% change in WHG stock from 1/31/2026 to 5/11/2026 was primarily driven by a -10.3% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.15 | 16.37 | -9.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 96 | 99 | 3.4% |
| Net Income Margin (%) | 7.5% | 7.4% | -1.8% |
| P/E Multiple | 21.1 | 18.9 | -10.3% |
| Shares Outstanding (Mil) | 8 | 8 | -0.9% |
| Cumulative Contribution | -9.8% |
Market Drivers
1/31/2026 to 5/11/2026| Return | Correlation | |
|---|---|---|
| WHG | -9.8% | |
| Market (SPY) | 3.6% | 26.4% |
| Sector (XLF) | -3.7% | 30.9% |
Fundamental Drivers
The -0.5% change in WHG stock from 10/31/2025 to 5/11/2026 was primarily driven by a -1.8% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.46 | 16.37 | -0.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 96 | 99 | 3.4% |
| Net Income Margin (%) | 7.5% | 7.4% | -1.8% |
| P/E Multiple | 19.1 | 18.9 | -1.1% |
| Shares Outstanding (Mil) | 8 | 8 | -0.9% |
| Cumulative Contribution | -0.5% |
Market Drivers
10/31/2025 to 5/11/2026| Return | Correlation | |
|---|---|---|
| WHG | -0.5% | |
| Market (SPY) | 5.5% | 23.1% |
| Sector (XLF) | -1.4% | 33.8% |
Fundamental Drivers
The 1.6% change in WHG stock from 4/30/2025 to 5/11/2026 was primarily driven by a 1675.5% change in the company's Net Income Margin (%).| (LTM values as of) | 4302025 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.10 | 16.37 | 1.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 95 | 99 | 4.4% |
| Net Income Margin (%) | 0.4% | 7.4% | 1675.5% |
| P/E Multiple | 334.8 | 18.9 | -94.4% |
| Shares Outstanding (Mil) | 8 | 8 | -2.9% |
| Cumulative Contribution | 1.6% |
Market Drivers
4/30/2025 to 5/11/2026| Return | Correlation | |
|---|---|---|
| WHG | 1.6% | |
| Market (SPY) | 30.4% | 20.7% |
| Sector (XLF) | 6.6% | 29.5% |
Fundamental Drivers
The 52.3% change in WHG stock from 4/30/2023 to 5/11/2026 was primarily driven by a 44.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302023 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.75 | 16.37 | 52.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 69 | 99 | 44.8% |
| P/S Multiple | 1.2 | 1.4 | 14.9% |
| Shares Outstanding (Mil) | 8 | 8 | -8.5% |
| Cumulative Contribution | 52.3% |
Market Drivers
4/30/2023 to 5/11/2026| Return | Correlation | |
|---|---|---|
| WHG | 52.3% | |
| Market (SPY) | 78.7% | 21.9% |
| Sector (XLF) | 61.9% | 26.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WHG Return | 32% | -31% | 19% | 21% | 23% | -4% | 54% |
| Peers Return | 29% | -11% | 16% | 12% | 23% | 11% | 103% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| WHG Win Rate | 50% | 42% | 50% | 67% | 83% | 20% | |
| Peers Win Rate | 62% | 43% | 50% | 62% | 57% | 64% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| WHG Max Drawdown | -18% | -41% | -16% | -12% | -2% | -13% | |
| Peers Max Drawdown | -5% | -31% | -12% | -10% | -18% | -6% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BEN, AMG, FHI, SEIC, APAM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/11/2026 (YTD)
How Low Can It Go
| Event | WHG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -13.2% | -18.8% |
| % Gain to Breakeven | 15.3% | 23.1% |
| Time to Breakeven | 49 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -22.9% | -9.5% |
| % Gain to Breakeven | 29.6% | 10.5% |
| Time to Breakeven | 57 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -17.0% | -6.7% |
| % Gain to Breakeven | 20.5% | 7.1% |
| Time to Breakeven | 24 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -41.6% | -24.5% |
| % Gain to Breakeven | 71.3% | 32.4% |
| Time to Breakeven | 740 days | 427 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -27.8% | -12.2% |
| % Gain to Breakeven | 38.5% | 13.9% |
| Time to Breakeven | 35 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -25.3% | -6.8% |
| % Gain to Breakeven | 33.9% | 7.3% |
| Time to Breakeven | 31 days | 15 days |
In The Past
Westwood's stock fell -13.2% during the 2025 US Tariff Shock. Such a loss loss requires a 15.3% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | WHG | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -22.9% | -9.5% |
| % Gain to Breakeven | 29.6% | 10.5% |
| Time to Breakeven | 57 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -41.6% | -24.5% |
| % Gain to Breakeven | 71.3% | 32.4% |
| Time to Breakeven | 740 days | 427 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -27.8% | -12.2% |
| % Gain to Breakeven | 38.5% | 13.9% |
| Time to Breakeven | 35 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -25.3% | -6.8% |
| % Gain to Breakeven | 33.9% | 7.3% |
| Time to Breakeven | 31 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.6% | -17.9% |
| % Gain to Breakeven | 29.2% | 21.8% |
| Time to Breakeven | 130 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -36.9% | -53.4% |
| % Gain to Breakeven | 58.4% | 114.4% |
| Time to Breakeven | 42 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -25.9% | -8.6% |
| % Gain to Breakeven | 34.9% | 9.5% |
| Time to Breakeven | 35 days | 47 days |
In The Past
Westwood's stock fell -13.2% during the 2025 US Tariff Shock. Such a loss loss requires a 15.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Westwood (WHG)
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 corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment. The Trust segment offers trust and custodial services; and participates in common trust funds that it sponsors to institutions and high net worth individuals. Westwood Holdings Group, Inc. was founded in 1983 and is based in Dallas, Texas.
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A boutique Northern Trust.
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```html- Investment Advisory Services: Provides expert advice and management for investment portfolios to a diverse range of clients, including institutions and individuals.
- Investment Sub-Advisory Services: Offers specialized investment management expertise to other investment vehicles such as mutual funds and pooled investment vehicles.
- Trust and Custodial Services: Manages and safeguards financial assets for institutions and high-net-worth individuals, including fiduciary responsibilities.
- Common Trust Funds: Sponsors and manages pooled investment vehicles designed for its trust clients.
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```htmlWestwood (WHG) primarily serves a diverse client base rather than a few specific companies. Based on its services, its major customer categories include:
- Institutional Clients: This broad category encompasses corporate retirement plans, public retirement plans, endowments, foundations, other mutual funds, and pooled investment vehicles (for sub-advisory services), as well as other institutions seeking trust and custodial services.
- High Net Worth Individuals: Individuals with significant assets seeking specialized advisory, trust, and custodial services.
- Individuals: A broader client base of individuals seeking investment advisory services.
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- State Street Corporation (STT)
- U.S. Bancorp (USB)
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Brian O. Casey Chief Executive Officer
Brian O. Casey has served as Chief Executive Officer of Westwood Holdings Group, Inc. since 2005. He initially joined Westwood in 1992 and has held various executive positions throughout his career within the company, including President and Chief Executive Officer of Westwood Management Corp. and Westwood Trust. In 2002, he led the company's spin-off to form Westwood Holdings Group, Inc., which then became a NYSE-listed company. His leadership has also been instrumental in acquisitions, such as Woodway Financial Advisors in 2015 and the assets of Salient Partners in 2022. Prior to joining Westwood, Mr. Casey was a portfolio manager for a privately held trust company.
Murray Forbes, III Managing Director, Chief Financial Officer, Principal Accounting Officer and Treasurer
Murray Forbes, III holds the positions of Managing Director, Chief Financial Officer, Principal Accounting Officer, and Treasurer at Westwood Holdings Group, Inc.
Fabian Gomez President and Chief Operating Officer
Fabian Gomez serves as the President and Chief Operating Officer for Westwood Holdings Group, Inc., where he is responsible for overseeing the daily operations and execution of the firm's strategic initiatives.
Mark Freeman, CFA Chief Investment Officer
Mark Freeman, CFA, was appointed Chief Investment Officer of Westwood Holdings Group, Inc. in 2011, having shared the role with the company's founder, Susan M. Byrne, since January 2011. He has been a key member of Westwood's flagship LargeCap Value team for more than a decade and has led the firm's Income Opportunity team since its inception in 2003.
Leah Bennett President, Westwood Wealth Management
Leah Bennett is the President of Westwood Wealth Management.
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The key risks to Westwood Holdings Group, Inc. (WHG) are primarily related to its ability to attract and retain client assets in a competitive market.
- Net Outflows and Fluctuations in Assets Under Management (AUM): Westwood Holdings Group has experienced net outflows in its core institutional and wealth management segments, including significant outflows from a large-cap value product. While market appreciation can sometimes offset these withdrawals, the company's revenue is directly tied to the total value of its Assets Under Management (AUM), meaning consistent organic inflows are crucial for sustained growth.
- Intense Competition and Fee Pressure: The company operates within a highly competitive asset management landscape, facing pressure on its fees. This environment makes it challenging for Westwood Holdings Group to retain existing clients and attract new ones, contributing to the difficulties in maintaining and growing its AUM.
- Client Concentration: A significant portion of Westwood Holdings Group's fee revenue is generated from a small number of large clients. For instance, the ten largest clients accounted for approximately 20% of the company's fee revenue in 2025. The loss of one or more of these key clients could have a substantial adverse impact on the company's financial performance.
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The increasing adoption of robo-advisors, digital wealth management platforms, and the widespread shift towards low-cost passive investment vehicles (such as ETFs and index funds) represent significant emerging threats. These alternatives offer more accessible and often substantially cheaper investment solutions, directly challenging Westwood's traditional actively managed advisory services by putting downward pressure on fees and potentially diverting clients, particularly individuals and smaller institutional plans.
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Westwood Holdings Group, Inc. (WHG) operates in several addressable markets within the financial services industry in the U.S. and globally, focusing on investment advisory, sub-advisory, and trust and custodial services.Addressable Markets for Westwood Holdings Group, Inc.
Westwood's main products and services operate within the broader financial advisory, wealth management, retirement asset management, and trust and custodial services markets. The addressable market sizes for these services, primarily within the U.S., are substantial: * **Financial Advisory Services (U.S.)**: The U.S. Financial Advisory Services Market was valued at approximately $28.81 billion in 2025 and is projected to reach $40.08 billion by 2033. Globally, the financial advisory services market was valued at $107.89 billion in 2025 and is expected to grow to $169.22 billion by 2033. North America holds a significant share, estimated at 38% of the global market in 2025. More specifically, the investment advisory segment held a 38.25% share of the global financial advisory services market in 2025. * **Wealth Management (U.S. and Global)**: The global wealth management market was valued at approximately $1.83 trillion in 2024 and is projected to reach $5.95 trillion by 2033. North America leads this market due to its advanced financial system and large population of high-net-worth individuals, contributing about two-thirds of the global wealth management market revenue in 2022. * **Retirement Assets Under Management (U.S.)**: The total U.S. retirement assets reached $48.1 trillion as of September 30, 2025. This vast market includes: * Individual Retirement Accounts (IRAs) with $18.9 trillion in assets as of Q3 2025. * Defined Contribution (DC) plans, including 401(k)s, holding $13.9 trillion in assets as of Q3 2025, with $10.0 trillion specifically in 401(k) plans. * Government defined benefit (DB) plans, encompassing federal, state, and local government pensions, which held $9.5 trillion in assets as of September 2025. * Private-sector DB plans accounted for $3.1 trillion in assets as of September 2025. * **Endowment and Foundation Assets (U.S.)**: Foundation assets in the U.S. reached an all-time high of $1.5 trillion in December (presumably 2023). The combined endowments of the top 700 U.S. universities totaled $807 billion as of June 2022. More broadly, pensions, endowments, and foundations across the U.S. invested nearly $1.3 trillion with hedge funds in 2023, indicating a segment of their overall investable assets. * **Trust and Custodial Services (U.S. and Global)**: The U.S. custodial and trust services industry, comprising approximately 2,300 establishments, generates an annual revenue of about $16 billion. The global custody services market was valued at $4.54 billion in 2024 and is projected to grow to $9.15 billion by 2033. North America is a dominant region, holding approximately 45% of the global market share, with the U.S. being the largest contributor. The broader Trust, Fiduciary, and Custody Activities industry has a total addressable market valued at approximately $150 billion. The global Custody and Trust Services Market was valued at $6.29 billion in 2026 and is expected to reach $12.57 billion by 2035, with North America accounting for about 41% of the global market share.AI Analysis | Feedback
Here are the expected drivers of future revenue growth for Westwood Holdings Group, Inc. (WHG) over the next 2-3 years:- Expansion and Performance of Exchange Traded Funds (ETFs): Westwood is focusing on growing its ETF business, including the success of its enhanced midstream ETF (MDST) which has surpassed $200 million in assets under management, and the launch of 11 new sector ETFs. The company also plans to launch more income-focused ETFs.
- Securing New Mandates and Inflows: Management has highlighted a strong pipeline of new mandates and anticipated sizable inflows into Small-Mid Cap (SMid) strategies. The institutional channel has achieved significant gross sales growth, including a nearly $1 billion sub-advisory mandate in the Small Cap Value strategy, and a $450 million SMid product mandate.
- Growth in Private Energy Secondaries Funds: The company's private energy secondaries business is a contributing factor to revenue growth, having raised $82 million in new capital across four funds in 2025 and aggregating total assets under management to $165 million.
- Strategic Acquisitions and Partnerships: Westwood is actively pursuing acquisitions of asset managers, wealth management firms, or teams to enhance organic growth, diversify its investment strategy offerings, and strengthen distribution capabilities. Additionally, a strategic partnership with WEBs Investments Inc. was formed to co-develop and launch innovative investment strategies.
- Strengthening Institutional and Intermediary Distribution Channels: The institutional channel has shown 36% year-over-year gross sales growth, with particular traction in SMidCap and SmallCap value strategies. The intermediary channel also recorded its best sales quarter since 2022, driven by strong interest in energy offerings.
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Here's a summary of Westwood Holdings Group, Inc.'s capital allocation decisions over the last 3-5 years:Share Repurchases
- Westwood Holdings Group had an authorized share repurchase program of up to $100 million. As of February 1, 2025, approximately $44.9 million remained under this authorization. [cite: 15 (previous step)]
- Cash used in financing activities included treasury stock purchases in 2024. [cite: 8 (previous step)]
Share Issuance
- The number of common shares underlying equity awards granted was approximately 250,000 in 2025. [cite: 13 (previous step)]
- Approximately 330,000 shares were granted for equity awards in 2024. [cite: 13 (previous step)]
- In 2023, approximately 500,000 shares were granted for equity awards. [cite: 13 (previous step)]
Inbound Investments
- In August 2025, Settian Capital LP, PAVP Family Office Fund LP, and Karl K. Segerberg acquired a 5.0% beneficial stake, totaling 470,515 shares, in Westwood Holdings Group for an aggregate of $7.43 million.
Outbound Investments
- In 2022, Westwood acquired the asset management business of Salient Partners. The transaction involved an upfront cash payment of $35 million, with potential deferred payments of up to $25 million in cash and equity, bringing the total consideration to approximately $60 million. [cite: 1, 2, 3, 4 (previous step), 6 (previous step)]
- In January 2023, Westwood acquired an additional 32% interest in Broadmark Asset Management LLC, increasing its ownership to approximately 80%. The total consideration recorded for accounting purposes was $1.6 million, with $1.2 million in cash (net of cash acquired). [cite: 1, 5 (previous step)]
- In the fourth quarter of 2024, Westwood invested initial capital in a new venture called WEBs Investments Inc. to expand its ETF platform, and also provided distribution and administrative support. The specific dollar amount of the initial capital was not provided. [cite: 1, 9 (previous step), 10, 18 (previous step)]
Capital Expenditures
- Information regarding specific dollar values of capital expenditures for the last 3-5 years is not available in the provided search results.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Westwood Earnings Notes | 12/16/2025 | |
| How Low Can Westwood Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 46.66 |
| Mkt Cap | 6.1 |
| Rev LTM | 1,989 |
| Op Inc LTM | 505 |
| FCF LTM | 469 |
| FCF 3Y Avg | 430 |
| CFO LTM | 497 |
| CFO 3Y Avg | 461 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.6% |
| Rev Chg 3Y Avg | 7.7% |
| Rev Chg Q | 9.5% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Inc Chg LTM | 9.3% |
| Op Inc Chg 3Y Avg | 10.7% |
| Op Mgn LTM | 25.4% |
| Op Mgn 3Y Avg | 26.7% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 19.1% |
| CFO/Rev 3Y Avg | 22.6% |
| FCF/Rev LTM | 18.7% |
| FCF/Rev 3Y Avg | 21.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.1 |
| P/S | 2.1 |
| P/Op Inc | 14.6 |
| P/EBIT | 9.4 |
| P/E | 12.9 |
| P/CFO | 12.8 |
| Total Yield | 9.3% |
| Dividend Yield | 3.2% |
| FCF Yield 3Y Avg | 9.8% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.1% |
| 3M Rtn | 2.1% |
| 6M Rtn | 12.4% |
| 12M Rtn | 23.7% |
| 3Y Rtn | 57.3% |
| 1M Excs Rtn | -4.7% |
| 3M Excs Rtn | -4.4% |
| 6M Excs Rtn | 2.8% |
| 12M Excs Rtn | -6.8% |
| 3Y Excs Rtn | -25.2% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Advisory | 79 | 75 | 49 | 51 | 44 |
| Trust | 22 | 21 | 22 | 24 | 24 |
| Other | -6 | ||||
| Eliminations | -7 | -2 | -3 | -3 | |
| Westwood Holdings | 0 | 0 | |||
| Total | 95 | 90 | 69 | 73 | 65 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Advisory | 18 | 15 | 11 | 17 | 2 |
| Trust | 3 | 2 | 1 | 6 | 3 |
| Other | -18 | ||||
| Eliminations | 0 | 0 | |||
| Westwood Holdings | -6 | -17 | -13 | -14 | |
| Total | 2 | 11 | -5 | 10 | -9 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Advisory | 309 | 285 | 283 | 222 | 205 |
| Trust | 46 | 47 | 54 | 57 | 55 |
| Other | -206 | ||||
| Eliminations | -191 | -221 | -152 | -128 | |
| Westwood Holdings | 14 | 30 | 13 | 17 | |
| Total | 150 | 155 | 146 | 140 | 149 |
Price Behavior
Price Behavior
| Market Price | $16.37 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 06/13/2002 | |
| Distance from 52W High | -12.6% | |
| 50 Days | 200 Days | |
| DMA Price | $16.16 | $16.76 |
| DMA Trend | indeterminate | down |
| Distance from DMA | 1.3% | -2.3% |
| 3M | 1YR | |
| Volatility | 42.2% | 35.1% |
| Downside Capture | 0.74 | 0.29 |
| Upside Capture | 88.96 | 52.16 |
| Correlation (SPY) | 25.7% | 17.5% |
WHG Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.84 | 0.79 | 0.67 | 0.65 | 0.61 | 0.52 |
| Up Beta | 0.05 | -0.04 | 0.25 | 0.58 | 0.45 | 0.47 |
| Down Beta | -0.03 | 0.13 | 0.56 | 0.44 | 0.73 | 0.74 |
| Up Capture | 74% | 116% | 72% | 73% | 44% | 18% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 10 | 21 | 32 | 63 | 124 | 356 |
| Down Capture | 703% | 146% | 103% | 78% | 80% | 65% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 12 | 22 | 32 | 61 | 123 | 374 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WHG | |
|---|---|---|---|---|
| WHG | 9.6% | 35.1% | 0.32 | - |
| Sector ETF (XLF) | 4.3% | 14.5% | 0.07 | 26.9% |
| Equity (SPY) | 28.1% | 12.5% | 1.78 | 17.7% |
| Gold (GLD) | 42.9% | 26.9% | 1.30 | -4.3% |
| Commodities (DBC) | 48.6% | 18.0% | 2.14 | -8.9% |
| Real Estate (VNQ) | 13.6% | 13.5% | 0.70 | 18.8% |
| Bitcoin (BTCUSD) | -22.4% | 41.7% | -0.50 | 17.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WHG | |
|---|---|---|---|---|
| WHG | 2.7% | 40.9% | 0.18 | - |
| Sector ETF (XLF) | 8.7% | 18.6% | 0.35 | 23.1% |
| Equity (SPY) | 12.9% | 17.1% | 0.59 | 21.8% |
| Gold (GLD) | 21.2% | 17.9% | 0.96 | 2.5% |
| Commodities (DBC) | 13.5% | 19.1% | 0.58 | 7.3% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.09 | 17.9% |
| Bitcoin (BTCUSD) | 8.5% | 56.0% | 0.36 | 6.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WHG | |
|---|---|---|---|---|
| WHG | -7.1% | 44.2% | -0.00 | - |
| Sector ETF (XLF) | 12.4% | 22.2% | 0.52 | 42.5% |
| Equity (SPY) | 15.0% | 17.9% | 0.72 | 36.2% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 1.0% |
| Commodities (DBC) | 9.5% | 17.7% | 0.45 | 15.3% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 32.5% |
| Bitcoin (BTCUSD) | 68.1% | 66.9% | 1.07 | 10.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/30/2026 | -2.7% | -0.4% | |
| 2/13/2026 | -6.0% | -8.3% | -12.2% |
| 10/30/2025 | 3.0% | 3.2% | 0.3% |
| 8/8/2025 | 6.2% | 9.6% | 6.6% |
| 4/30/2025 | -3.1% | -6.5% | -11.4% |
| 2/12/2025 | 2.2% | 4.3% | -4.1% |
| 10/30/2024 | 0.8% | -0.9% | 2.0% |
| 7/31/2024 | -2.1% | -5.7% | -2.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 13 |
| # Negative | 10 | 12 | 9 |
| Median Positive | 2.5% | 9.2% | 5.8% |
| Median Negative | -2.5% | -5.0% | -6.7% |
| Max Positive | 18.3% | 21.0% | 36.2% |
| Max Negative | -6.0% | -9.5% | -16.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 03/04/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 03/05/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 03/07/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/13/2023 | 10-K |
| 09/30/2022 | 10/26/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/13/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Dividends | 0.15 | 0 | Same New | Actual: 0.15 for Q4 2025 | |||
Prior: Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Dividends | 0.15 | 0 | Affirmed | Actual: 0.15 for 2025 | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Byrne, Susan M | Direct | Sell | 5082026 | 16.17 | 600 | 9,704 | 4,655,759 | Form | |
| 2 | Byrne, Susan M | Direct | Sell | 5082026 | 16.06 | 1,000 | 16,062 | 4,633,357 | Form | |
| 3 | Byrne, Susan M | Direct | Sell | 5082026 | 16.09 | 260 | 4,184 | 4,658,190 | Form | |
| 4 | Byrne, Susan M | Direct | Sell | 5082026 | 16.01 | 678 | 10,853 | 4,637,689 | Form | |
| 5 | Byrne, Susan M | Direct | Sell | 5042026 | 16.02 | 239 | 3,828 | 4,651,330 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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