Westwood Holdings Group, Inc. (WHG) Reports Q4 EPS of $1.28
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Westwood Holdings Group, Inc. Reports Fourth Quarter and 2015 Results
February 3, 2016 4:15 PM ESTNavigating Growth in a Challenging Investment Environment
DALLAS--(BUSINESS WIRE)-- Westwood Holdings Group, Inc. (NYSE: WHG) today reported that fourth quarter 2015 revenues rose 12% to $31.6 million, a $3.3 million increase compared to revenues of $28.3 million in the fourth quarter of 2014, with $2.5 million of the increase attributable to Houston-based Woodway Financial Advisors - A Westwood Trust Company, which we acquired on April 1, 2015. Assets Under Management ("AUM") totaled $20.8 billion at December 31, 2015.
Fourth quarter net income decreased 22% to $4.7 million from $6.0 million for the fourth quarter of 2014. Diluted earnings per share ("Diluted EPS") was... More
