Westwood Holdings Group, Inc. (WHG) Reports Q1 EPS of $1.28
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Westwood Holdings Group, Inc. Reports First Quarter 2017 Results
April 26, 2017 4:16 PM EDTDALLAS, April 26, 2017 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported first quarter 2017 revenues of $32.6 million compared to $29.1 million in the first quarter of 2016 and $31.1 million in the fourth quarter of 2016, primarily related to higher average assets under management ("AUM") due to market appreciation and performance-based fees of $0.4 million earned in the first quarter of 2017.
AUM as of March 31, 2017 totaled $22.1 billion, up from $21.1 billion and $21.2 billion at March 31, 2016 and December 31, 2016, respectively. Assets under advisement ("AUA") totaled $1.1 billion compared to $325 million and $1.0 billion at March 31, 2016 and December 31, 2016,... More
