Westwood Holdings Group, Inc. (WHG) Reports Q1 EPS of $0.44
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Westwood Holdings Group, Inc. Reports First Quarter 2016 Results
April 27, 2016 4:16 PM EDTAssets Under Management of $21.1 Billion
DALLAS--(BUSINESS WIRE)-- Westwood Holdings Group, Inc. (NYSE: WHG) today reported first quarter 2016 revenues of $29.1 million compared to revenues of $29.6 million in the first quarter of 2015. Asset-based advisory fees decreased $2.1 million due to lower average assets under management primarily related to asset depreciation, partially offset by asset inflows with higher average advisory fees. Trust fees increased $2.3 million related to Houston-based Woodway Financial Advisors - A Westwood Trust Company, which was acquired on April 1, 2015. Assets Under Management ("AUM") totaled $21.1 billion at March 31, 2016.
First quarter net... More
