Westwood Holdings ( (WHG) ) has released its Q4 earnings. Here is a breakdown of the information Westwood Holdings presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Westwood Holdings Group, Inc. is a boutique investment management and wealth management firm, offering a wide range of investment solutions to institutional investors, private wealth clients, and financial intermediaries. Based in Dallas, the firm operates in the U.S. value equity, multi-asset, energy & real assets, income alternatives, and other sectors with significant employee ownership.
In its latest earnings report, Westwood Holdings Group announced a strong performance for the fourth quarter and full year 2024. The firm highlighted significant growth in its ETF platform, launching two new ETFs through a partnership and achieving benchmark-beating performance across several investment strategies.
Key financial metrics from the report include a quarterly revenue of $25.6 million, up from $23.2 million a year ago, and comprehensive income of $2.1 million. The company also reported Economic Earnings of $3.4 million for the quarter, a significant increase from the previous quarter. Strategic initiatives included a $5 million addition to its share repurchase program and the announcement of a $0.15 cash dividend per share.
Looking ahead, Westwood Holdings maintains a positive outlook, expecting continued traction from its innovative ETFs and improved opportunities in its traditional business sectors. The firm remains debt-free, with strong cash reserves and a focus on expanding its market presence and investment strategies.
