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Westwood Holdings Group

NYSE:WHG
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WHG
NYSE
$244M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Westwood Holdings Group, Inc., through its subsidiaries, manages investment assets and provides services for its clients. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
  • Westwood Holdings Group is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Westwood Holdings Group has significant price volatility in the past 3 months.
WHG Share Price and Events
7 Day Returns
0.5%
NYSE:WHG
-2.3%
US Capital Markets
0.1%
US Market
1 Year Returns
-51.2%
NYSE:WHG
-11.7%
US Capital Markets
1.2%
US Market
WHG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Westwood Holdings Group (WHG) 0.5% -3.2% -21.3% -51.2% -48.3% -51.9%
US Capital Markets -2.3% -0.9% -0.9% -11.7% 51.9% 55%
US Market 0.1% 0.6% 0.9% 1.2% 36.7% 37.9%
1 Year Return vs Industry and Market
  • WHG underperformed the Capital Markets industry which returned -11.7% over the past year.
  • WHG underperformed the Market in United States of America which returned 1.2% over the past year.
Price Volatility
WHG
Industry
5yr Volatility vs Market

WHG Value

 Is Westwood Holdings Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Westwood Holdings Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Westwood Holdings Group.

NYSE:WHG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $18.47 * 14.8%
$2.73
Book Value of Equity per Share Median Book Value from the past 5 years. $18.47
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:WHG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.696 (1 + (1- 21%) (4.3%))
0.812
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.812 * 5.96%)
7.57%

Discounted Cash Flow Calculation for NYSE:WHG using Excess Returns Model Model

The calculations below outline how an intrinsic value for Westwood Holdings Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:WHG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.8% – 7.57%) * $18.47)
$1.33
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.33 / (7.57% - 2.73%)
$27.57
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $18.47 + $27.57
$46.04
NYSE:WHG Discount to Share Price
Calculation Result
Value per share (USD) From above. $46.04
Current discount Discount to share price of $28.88
= -1 x ($28.88 - $46.04) / $46.04
37.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Westwood Holdings Group is available for.
Intrinsic value
37%
Share price is $28.88 vs Future cash flow value of $46.04
Current Discount Checks
For Westwood Holdings Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Westwood Holdings Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Westwood Holdings Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Westwood Holdings Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Westwood Holdings Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:WHG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.28
NYSE:WHG Share Price ** NYSE (2019-06-18) in USD $28.88
United States of America Capital Markets Industry PE Ratio Median Figure of 90 Publicly-Listed Capital Markets Companies 36.24x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Westwood Holdings Group.

NYSE:WHG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:WHG Share Price ÷ EPS (both in USD)

= 28.88 ÷ 2.28

12.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Westwood Holdings Group is good value based on earnings compared to the US Capital Markets industry average.
  • Westwood Holdings Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Westwood Holdings Group's expected growth come at a high price?
Raw Data
NYSE:WHG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.02x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Westwood Holdings Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Westwood Holdings Group's assets?
Raw Data
NYSE:WHG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $18.47
NYSE:WHG Share Price * NYSE (2019-06-18) in USD $28.88
United States of America Capital Markets Industry PB Ratio Median Figure of 173 Publicly-Listed Capital Markets Companies 7.83x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:WHG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:WHG Share Price ÷ Book Value per Share (both in USD)

= 28.88 ÷ 18.47

1.56x

* Primary Listing of Westwood Holdings Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Westwood Holdings Group is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Westwood Holdings Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Westwood Holdings Group has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

WHG Future Performance

 How is Westwood Holdings Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Westwood Holdings Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Westwood Holdings Group expected to grow at an attractive rate?
  • Unable to compare Westwood Holdings Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Westwood Holdings Group's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Westwood Holdings Group's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:WHG Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 7%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:WHG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:WHG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NYSE:WHG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 113 41 19
2018-12-31 122 31 27
2018-09-30 130 24 24
2018-06-30 134 30 23
2018-03-31 135 39 22
2017-12-31 134 48 20
2017-09-30 131 48 25
2017-06-30 129 44 26
2017-03-31 127 40 25
2016-12-31 123 47 23
2016-09-30 124 43 20
2016-06-30 124 41 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Westwood Holdings Group is high growth as no earnings estimate data is available.
  • Unable to determine if Westwood Holdings Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:WHG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Westwood Holdings Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:WHG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NYSE:WHG Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.28
2018-12-31 3.20
2018-09-30 2.92
2018-06-30 2.79
2018-03-31 2.67
2017-12-31 2.45
2017-09-30 3.05
2017-06-30 3.28
2017-03-31 3.14
2016-12-31 2.84
2016-09-30 2.50
2016-06-30 2.65

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Westwood Holdings Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Westwood Holdings Group is trading at Westwood Holdings Group'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Westwood Holdings Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Westwood Holdings Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Westwood Holdings Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Westwood Holdings Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

WHG Past Performance

  How has Westwood Holdings Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Westwood Holdings Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Westwood Holdings Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Westwood Holdings Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Westwood Holdings Group's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Westwood Holdings Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Westwood Holdings Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:WHG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 112.60 19.17 29.22
2018-12-31 122.30 26.75 29.19
2018-09-30 130.10 24.24 28.79
2018-06-30 133.73 23.00 28.66
2018-03-31 134.73 21.90 29.11
2017-12-31 133.79 19.99 29.33
2017-09-30 130.96 24.67 28.91
2017-06-30 129.25 26.42 27.86
2017-03-31 126.52 25.19 27.65
2016-12-31 123.02 22.65 27.86
2016-09-30 123.57 19.76 28.40
2016-06-30 124.25 20.88 27.58
2016-03-31 130.54 25.02 26.19
2015-12-31 130.94 27.11 24.42
2015-09-30 127.64 28.40 22.08
2015-06-30 123.31 28.50 20.03
2015-03-31 116.90 27.30 18.70
2014-12-31 113.24 27.25 17.97
2014-09-30 110.23 27.03 18.04
2014-06-30 105.10 24.28 17.57
2014-03-31 97.67 20.57 16.72
2013-12-31 91.83 17.84 15.78
2013-09-30 87.20 15.68 14.39
2013-06-30 83.14 13.82 13.86
2013-03-31 79.73 11.14 14.45
2012-12-31 77.50 12.09 13.78
2012-09-30 73.86 12.60 13.23
2012-06-30 70.97 13.38 12.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Westwood Holdings Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Westwood Holdings Group used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Westwood Holdings Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Westwood Holdings Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Westwood Holdings Group has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

WHG Health

 How is Westwood Holdings Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Westwood Holdings Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Westwood Holdings Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Westwood Holdings Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Westwood Holdings Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Westwood Holdings Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Westwood Holdings Group Company Filings, last reported 2 months ago.

NYSE:WHG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 156.11 10.49 102.02
2018-12-31 161.15 0.00 118.23
2018-09-30 164.67 0.00 119.09
2018-06-30 161.14 0.00 108.81
2018-03-31 156.02 0.00 100.47
2017-12-31 156.40 0.00 105.57
2017-09-30 155.43 0.00 99.53
2017-06-30 151.32 0.00 88.81
2017-03-31 144.84 0.00 75.41
2016-12-31 146.07 0.00 90.16
2016-09-30 140.85 0.00 80.54
2016-06-30 137.62 0.00 73.92
2016-03-31 129.01 0.00 71.18
2015-12-31 133.97 0.00 95.06
2015-09-30 130.14 0.00 80.34
2015-06-30 124.35 0.00 68.96
2015-03-31 108.93 0.00 83.65
2014-12-31 110.01 0.00 97.75
2014-09-30 104.90 0.00 89.58
2014-06-30 98.00 0.00 73.84
2014-03-31 89.77 0.00 62.79
2013-12-31 88.66 0.00 75.42
2013-09-30 83.48 0.00 67.28
2013-06-30 79.43 0.00 57.50
2013-03-31 75.76 0.00 53.76
2012-12-31 76.55 0.00 63.72
2012-09-30 73.92 0.00 59.69
2012-06-30 71.39 0.00 51.65
  • Westwood Holdings Group has no debt.
  • Westwood Holdings Group has not taken on any debt in the past 5 years.
  • Westwood Holdings Group has no debt, it does not need to be covered by operating cash flow.
  • Westwood Holdings Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Westwood Holdings Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Westwood Holdings Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

WHG Dividends

 What is Westwood Holdings Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.97%
Current annual income from Westwood Holdings Group dividends.
If you bought $2,000 of Westwood Holdings Group shares you are expected to receive $199 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Westwood Holdings Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Westwood Holdings Group's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:WHG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:WHG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NYSE:WHG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-06 2.880 8.481
2018-10-24 2.880 7.553
2018-04-25 2.720 4.870
2018-02-23 2.720 4.833
2018-02-08 2.720 4.717
2017-10-25 2.720 4.113
2017-04-26 2.480 4.194
2017-02-23 2.480 4.521
2017-02-08 2.480 4.147
2016-10-26 2.480 4.266
2016-07-27 2.280 4.448
2016-04-27 2.280 4.078
2016-02-25 2.280 3.994
2016-02-03 2.280 4.918
2015-10-28 2.280 4.352
2015-07-29 2.000 3.558
2015-02-04 2.000 3.338
2014-10-23 2.000 3.274
2014-07-30 1.760 3.040
2014-04-17 1.760 3.048
2013-10-17 1.760 3.062
2013-04-18 1.600 3.449
2013-02-07 1.600 3.717
2012-10-18 1.600 4.010
2012-07-19 1.480 3.912
2012-04-19 1.480 4.057
2012-02-02 1.480 3.847
2011-10-19 1.480 3.975
2011-07-20 1.400 4.004
2011-04-20 1.400 3.806
2011-02-03 1.400 3.706
2010-10-21 1.320 3.467
2010-07-22 1.320 3.925
2010-04-21 1.320 3.575
2010-02-04 1.320 3.500
2009-10-22 1.320 3.614
2009-07-23 1.200 3.228

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Westwood Holdings Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Westwood Holdings Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Westwood Holdings Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Westwood Holdings Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WHG Management

 What is the CEO of Westwood Holdings Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brian Casey
COMPENSATION $3,738,314
AGE 55
TENURE AS CEO 13.4 years
CEO Bio

Mr. Brian O'Connor Casey, CFP has been the President and Director at Westwood Holdings Group Inc. since December 2001 and has been its Chief Executive Officer since January 1, 2006 and previously served as the Chief Operating Officer since 2001 and Secretary since December 2001 until 2014. Mr. Casey has been the Chief Executive Officer at Westwood Management Corp. since January 2006, Secretary since 2003, President since 2002 and Director since 2000. He joined Westwood Management Corporation as a Vice President in 1992 and was appointed President and Chief Executive Officer of Westwood Trust in 1996. Mr. Casey serves as the Chief Executive Officer at Westwood International Advisors Inc. He began his investment management career in 1985 and joined a private trust company as a Balanced Portfolio Manager. Mr. Casey is a member of the Governor's Business Council for the State of Texas and the Young President' Organization. He serves as a Director of Tartan and the Baylor Health Care System Foundation. Mr. Casey also serves on the Board of Trustees of the Cooper Institute. He received a Masters of Business Administration from the University of Texas at Dallas, a Bachelor of Science in Finance from the Trinity University and graduated from the Securities Industry Association's Institute at the Wharton School, University of Pennsylvania.

CEO Compensation
  • Brian's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Brian's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Westwood Holdings Group management team in years:

1.4
Average Tenure
52.5
Average Age
  • The average tenure for the Westwood Holdings Group management team is less than 2 years, this suggests a new team.
Management Team

Brian Casey

TITLE
President
COMPENSATION
$4M
AGE
55
TENURE
13.4 yrs

Susan Byrne

TITLE
Founder & Vice Chairman of the Board
COMPENSATION
$433K
AGE
71

Terry Forbes

TITLE
Senior VP
COMPENSATION
$1M
AGE
40
TENURE
0.7 yrs

Fabian Gomez

TITLE
Senior VP & COO
COMPENSATION
$773K
TENURE
1.3 yrs

Julie Gerron

TITLE
Senior VP
COMPENSATION
$617K
AGE
50
TENURE
11.9 yrs

Steve Paddon

TITLE
Senior VP & Head of Distribution
COMPENSATION
$413K
AGE
57
TENURE
1.1 yrs

Kellie Stark

TITLE
Executive Vice President of Client Service & Marketing

Bill Hardcastle

TITLE
Senior Vice President of Strategic Planning & Program Management
COMPENSATION
$753K
AGE
50
TENURE
1.4 yrs

Kim Calhoun

TITLE
Senior Vice President of Business Development & Team Leader
TENURE
1.4 yrs

Todd Williams

TITLE
Senior VP & Director of Equity Research
Board of Directors Tenure

Average tenure and age of the Westwood Holdings Group board of directors in years:

5.2
Average Tenure
70.5
Average Age
  • The tenure for the Westwood Holdings Group board of directors is about average.
Board of Directors

Richard Frank

TITLE
Chairman of the Board
COMPENSATION
$205K
AGE
70
TENURE
4.1 yrs

Brian Casey

TITLE
President
COMPENSATION
$4M
AGE
55
TENURE
17.5 yrs

Susan Byrne

TITLE
Founder & Vice Chairman of the Board
COMPENSATION
$433K
AGE
71
TENURE
4.2 yrs

Maureen Phillips

TITLE
Chairman of Westwood Trust Houston
TENURE
1.4 yrs

Ellen Masterson

TITLE
Director
COMPENSATION
$185K
AGE
67
TENURE
5.2 yrs

Ray Wooldridge

TITLE
Director
COMPENSATION
$170K
AGE
79
TENURE
17.5 yrs

Geoff Norman

TITLE
Director
COMPENSATION
$170K
AGE
74
TENURE
12.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Westwood Holdings Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Westwood Holdings Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

WHG News

Simply Wall St News

Is Westwood Holdings Group Inc (NYSE:WHG) Attractive At Its Current PE Ratio?

Westwood Holdings Group Inc (NYSE:WHG) is trading with a trailing P/E of 21x, which is higher than the industry average of 15.7x. … While WHG might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … Check out our latest analysis for Westwood Holdings Group

Simply Wall St -

What To Know Before Buying Westwood Holdings Group Inc (NYSE:WHG) For Its Dividend

Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … Over the past 10 years, Westwood Holdings Group Inc (NYSE:WHG) has returned an average of 4.00% per year to shareholders in terms of dividend yield. … Let's take a look at Westwood Holdings Group in more detail.

Simply Wall St -

With A -11.74% Earnings Drop, Did Westwood Holdings Group Inc (NYSE:WHG) Really Underperform?

After reading Westwood Holdings Group Inc's (NYSE:WHG) most recent earnings announcement (31 December 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … See our latest analysis for Westwood Holdings Group Commentary On WHG's Past Performance I look at the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … For Westwood Holdings Group, its most recent earnings (trailing twelve month) is US$19.99M, which compared to last year’s figure, has fallen by -11.74%.

Simply Wall St -

Should You Worry About Westwood Holdings Group Inc's (NYSE:WHG) CEO Pay?

Brian Casey is the CEO of Westwood Holdings Group Inc (NYSE:WHG), which has recently grown to a market capitalization of US$501.59M. … Check out our latest analysis for Westwood Holdings Group Did Casey create value? … Based on WHG's size and performance, in terms of market cap and earnings, it seems that Casey is remunerated higher than other US CEOs of profitable small-caps.

Simply Wall St -

Should Westwood Holdings Group Inc (NYSE:WHG) Be Part Of Your Portfolio?

Check out our latest analysis for Westwood Holdings Group 5 checks you should use to assess a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is it the top 25% annual dividend yield payer? … NYSE:WHG Historical Dividend Yield Mar 20th 18 How well does Westwood Holdings Group fit our criteria? … In terms of its peers, Westwood Holdings Group produces a yield of 4.86%, which is high for Capital Markets stocks.Next Steps: With these dividend metrics in mind, I definitely rank Westwood Holdings Group as a strong income stock, and is worth further research for anyone who considers dividends an important part of their portfolio strategy.

Simply Wall St -

Does Westwood Holdings Group Inc's (NYSE:WHG) PE Ratio Warrant A Sell?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for WHG Price per share = $55.46 Earnings per share = $2.453 ∴ Price-Earnings Ratio = $55.46 ÷ $2.453 = 22.6x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … WHG’s P/E of 22.6x is higher than its industry peers (16.8x), which implies that each dollar of WHG’s earnings is being overvalued by investors. … For example, if you are inadvertently comparing riskier firms with WHG, then WHG’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

Simply Wall St -

Best NYSE Dividend Picks For The Day

NYSE:WHG Historical Dividend Yield Jan 23rd 18 Maiden Holdings, Ltd. … NasdaqGS:MHLD Historical Dividend Yield Jan 23rd 18 Speedway Motorsports, Inc. … NYSE:TRK Historical Dividend Yield Jan 23rd 18 For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.

Simply Wall St -

What You Must Know About Westwood Holdings Group Inc's (NYSE:WHG) Risks

Westwood Holdings Group has a beta of 1.57, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements. … WHG, with its market capitalisation of $595.70M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

Westwood Holdings Group Inc's (NYSE:WHG) Earnings Grew 22.1% In A Year. Was It Better Than Its Long-Term Trend?

Measuring Westwood Holdings Group Inc's (NYSE:WHG) track record of past performance is a useful exercise for investors. … View our latest analysis for Westwood Holdings Group Commentary On WHG's Past Performance For the purpose of this commentary, I like to use the ‘latest twelve-month’ data, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … This shows that, on average, Westwood Holdings Group has been able to increasingly grow its earnings over the past couple of years as well.

Simply Wall St -

Can Westwood Holdings Group Inc (NYSE:WHG) Continue To Outperform Its Industry?

View our latest analysis for Westwood Holdings Group Breaking down Return on Equity Return on Equity (ROE) weighs Westwood Holdings Group’s profit against the level of its shareholders’ equity. … Westwood Holdings Group’s cost of equity is 8.69%. … This means Westwood Holdings Group returns enough to cover its own cost of equity, with a buffer of 7.96%.

Simply Wall St -

WHG Company Info

Description

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.

Details
Name: Westwood Holdings Group, Inc.
WHG
Exchange: NYSE
Founded: 1983
$243,973,705
8,447,843
Website: http://www.westwoodgroup.com
Address: Westwood Holdings Group, Inc.
200 Crescent Court,
Suite 1200,
Dallas,
Texas, 75201,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE WHG Common Stock New York Stock Exchange US USD 13. Jun 2002
Number of employees
Current staff
Staff numbers
182
Westwood Holdings Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 23:46
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2018/02/08
Last earnings filing: 2019/04/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.