Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $59.72 USD
Change Today -0.08 / -0.13%
Volume 14.7K
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

westwood holdings group inc (WHG) Key Developments

Westwood Holdings Group Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Declares Quarterly Cash Dividend, Payable on April 1, 2015

Westwood Holdings Group Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s total revenues were $28,265,000 against $25,252,000 a year ago. Income before income tax was $9,475,000 against $8,900,000 a year ago. Net income was $5,978,000 or $0.77 per diluted share against $5,763,000 or $0.75 per diluted share a year ago. Economic earnings were $9,687,000 or $1.24 per share against $9,058,000 or $1.19 per share a year ago. Net inflows for the quarter were concentrated principally in Emerging Markets and Income Opportunity strategies, while LargeCap continued to experience outflows. For the year, the company’s total revenues were $113,241,000 against $91,825,000 a year ago. Income before income tax was $42,036,000 against $28,185,000 a year ago. Net income was $27,249,000 or $3.45 per diluted share against $17,837,000 or $2.32 per diluted share a year ago. Economic earnings were $41,445,000 or $5.24 per share against $30,027,000 or $3.90 per share a year ago. Net cash provided by operating activities was $26,523,000 against $21,705,000 a year ago. Purchases of property and equipment were $478,000 against $1,201,000 a year ago. The company is demonstrating strong operating leverage due to increase in revenues. The Board of Directors of company declared a quarterly cash dividend of $0.50 per common share, payable on April 1, 2015 to stockholders of record on March 13, 2015.

Westwood Holdings Seeks Acquisitions

Westwood Holdings Group Inc. (NYSE:WHG) is looking for acquisition. Brian Casey, President & Chief Executive Officer of Westwood Holdings Group, states, "Acquisition opportunities in the private wealth business that meet our criteria for purchase are few and far between. They have a long lead time to develop into a merger stage, and we will work diligently over the next year to integrate Woodway into our Company, while also continuing our efforts to further expand the Westwood Trust footprint with intelligent acquisitions and dynamic wealth management markets as they arise."

Westwood Holdings Group Inc. to Report Q4, 2014 Results on Feb 04, 2015

Westwood Holdings Group Inc. announced that they will report Q4, 2014 results at 4:30 PM, US Eastern Standard Time on Feb 04, 2015

Westwood Holdings Group Inc., Q4 2014 Earnings Call, Feb 04, 2015

Westwood Holdings Group Inc., Q4 2014 Earnings Call, Feb 04, 2015

Westwood Holdings Group Inc. Announces Executive Changes

Effective November 30, 2014, Peter F. Pastorelle, Vice President and Principal Accounting Officer of Westwood Holdings Group Inc., is no longer employed by the company. On December 2, 2014, the Board of Directors of the company appointed Tiffany B. Kice, the company's Chief Financial Officer, to the role of interim Principal Accounting Officer until such time as the Company appoints a permanent replacement for Mr. Pastorelle.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WHG:US $59.72 USD -0.08

WHG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Diamond Hill Investment Group Inc $159.69 USD +1.68
Pzena Investment Management Inc $9.15 USD +0.09
Resource America Inc $8.95 USD +0.04
Silvercrest Asset Management Group Inc $14.20 USD +0.15
Value Line Inc $15.01 USD +0.02
View Industry Companies
 

Industry Analysis

WHG

Industry Average

Valuation WHG Industry Range
Price/Earnings 17.3x
Price/Sales 4.0x
Price/Book 4.2x
Price/Cash Flow 18.5x
TEV/Sales 3.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WESTWOOD HOLDINGS GROUP INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.