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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

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FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 26, 2005

WESTWOOD HOLDINGS GROUP, INC.
(Exact name of registrant as specified in charter)

Delaware                        001-31234               75-2969997
(State or other jurisdiction           (Commission             (IRS Employer
of incorporation)                 File Number)          Identification No.)

200 Crescent Court, Suite 1200
Dallas, Texas 75201
(Address of principal executive offices)

(214) 756-6900
(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))

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ITEM 2.02:  RESULTS OF OPERATIONS AND FINANCIAL CONDITION

In accordance with Securities and Exchange Commission Release No. 34-47583, the
following information, which is being furnished pursuant to the requirements of
Item 2.02, "Results of Operations and Financial Condition," is being reported
under Item 7.01, "Regulation FD Disclosure."

On April 26, 2005, Westwood Holdings Group, Inc. issued a press release entitled
"Westwood Holdings Group, Inc. Reports First Quarter 2005 Results and Declares
Quarterly Dividend," a copy of which is furnished with this Current Report on
Form 8-K as Exhibit 99.1. The information in this Current Report on Form 8-K
shall not be deemed to be "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that Section, nor shall it be deemed incorporated by reference in
any filing of the Company under the Securities Act of 1933, as amended.

ITEM 7.01:  REGULATION FD DISCLOSURE

Westwood announced today that its Board of Directors has approved the payment of
a quarterly cash dividend of $0.08 per common share, payable on July 1, 2005 to
stockholders of record on June 15, 2005.

ITEM 9.01:  FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits: The following exhibit is furnished with this report:

Exhibit Number                        Description
-------------     -----------------------------------------------------------
99.1              Press Release dated April 26, 2005, entitled "Westwood
Holdings Group, Inc. Reports First Quarter 2005 Results and
Declares Quarterly Dividend"

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date:  April 26, 2005

WESTWOOD HOLDINGS GROUP, INC.

By:  /s/ Brian O. Casey
-------------------------------
Brian O. Casey,
President and Chief Operating Officer

EXHIBIT INDEX

Exhibit Number    Description
--------------    -------------------------------------------------------------
99.1          Press Release dated April 26, 2005,  entitled  "Westwood
Holdings Group, Inc. Reports First Quarter 2005 Results and
Declares Quarterly Dividend"

Exhibit 99.1

WESTWOOD HOLDINGS GROUP, INC. REPORTS FIRST QUARTER 2005 RESULTS AND DECLARES
QUARTERLY DIVIDEND

DALLAS, April 26 /PRNewswire-FirstCall/ -- Westwood Holdings Group, Inc.
(NYSE: WHG) today reported 2005 first quarter revenues of $5.1 million, net
income of $875,000, and earnings per diluted share of $0.16. This compares to
revenues of $5.0 million, net income of $1.1 million and earnings per diluted
share of $0.21 in the first quarter of 2004.

Total expenses for the 2005 first quarter were $3.7 million compared to $3.2
million for the 2004 first quarter, an increase of approximately $447,000.
Employee compensation and benefits costs increased by approximately $261,000
compared to the 2004 first quarter, primarily due to higher restricted stock
expense as a result of our continued efforts to build the firm for future
growth. Professional services costs increased by approximately $95,000 primarily
as a result of higher professional fees related to Sarbanes-Oxley compliance as
well as higher subadvisory fees due to the engagement in the 2004 second quarter
of a subadvisor for growth portfolios at Westwood Trust as well as increased
assets under management at Westwood Trust. General and administrative costs
increased by approximately $96,000, primarily as a result of higher rent and
depreciation expense due to our relocation to new office space in June 2004.

Assets under management were $4.1 billion as of March 31, 2005, an increase
of 5.2% compared to $3.9 billion on March 31, 2004. Average assets under
management for the first quarter of 2005 were $4.0 billion, an increase of 3.1%
compared with the first quarter of 2004. The increase in period ending assets
under management was principally attributable to market appreciation of assets
under management as well as inflows from new clients, partially offset by the
withdrawal of assets by certain clients.

Westwood also announced today that its Board of Directors has approved the
payment of a quarterly cash dividend of $0.08 per common share, payable on July
1, 2005 to stockholders of record on June 15, 2005.

Susan M. Byrne, Westwood's founder and Chief Executive Officer commented,
"This quarter witnessed continued strong performance by our product teams. We
are especially pleased to have delivered positive rates of return for our
clients in a difficult first quarter for the major financial markets."

Brian O. Casey, Westwood's President and Chief Operating Officer added, "In
the first quarter Westwood Trust continued to gain new customers, which
reinforces our belief that we have developed a compelling offering of excellent,
cost-advantaged products combined with attentive client service. We are also
seeing increased search activity from the institutional marketplace for our
SMidCap Value product and hope to see asset growth in the year ahead."

About Westwood

Westwood Holdings Group, Inc. manages investment assets and provides
services for its clients through two subsidiaries, Westwood Management Corp.
and Westwood Trust.  Westwood Management Corp. is a registered investment
advisor and provides investment advisory services to corporate pension funds,
public retirement plans, endowments and foundations, mutual funds and clients
of Westwood Trust.  Westwood Trust provides, to institutions and high net
worth individuals, trust and custodial services and participation in common
trust funds that it sponsors.  Westwood Holdings Group, Inc. trades on the New
York Stock Exchange under the symbol "WHG".  For more information, please
visit the Company's website at http://www.westwoodgroup.com .

Note on Forward-looking Statements

Statements that are not purely historical facts, including statements about
anticipated or expected future revenue and earnings growth and profitability, as
well as other statements including words such as "anticipate," "believe,"
"plan," "estimate," "expect," "intend," "should," "could," "goal," "target,"
"designed," "on track," "continue," "comfortable with," "optimistic," "look
forward to" and other similar expressions, constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements are subject to known and unknown risks, uncertainties
and other factors, which may cause actual results to be materially different
from those contemplated by the forward-looking statements. Such factors include
the risks and uncertainties referenced in our documents filed with, or furnished
to, the Securities and Exchange Commission, including without limitation those
identified under the caption "Forward-Looking Statements and Risk Factors" in
the Company's Annual Report on Form 10-K filed with the Securities and Exchange
Commission. We undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. Readers are cautioned not to place undue reliance on
forward- looking statements.

WESTWOOD HOLDINGS GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share amounts)
(unaudited)

Three months ended March 31,
-----------------------------
2005            2004
-------------   -------------
REVENUES:
Advisory fees                                $       3,191   $       3,420
Trust fees                                           1,703           1,452
Other revenues                                         188             171
Total revenues                                      5,082           5,043

EXPENSES:
Employee compensation and benefits                   2,598           2,337
Sales and marketing                                     82             100
Information technology                                 185             172
Professional services                                  319             224
General and administrative                             477             381
Total expenses                                      3,661           3,214
Income before income taxes                             1,421           1,829
Provision for income taxes                               546             712
Net income                                     $         875   $       1,117

Earnings per share:
Basic                                        $        0.16   $        0.21
Diluted                                      $        0.16   $        0.21

WESTWOOD HOLDINGS GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS
As of March 31, 2005 and December 31, 2004
(in thousands, except par values and share amounts)
(unaudited)

March 31,      December 31,
2005             2004
-------------    -------------

ASSETS
Current Assets:
Cash and cash equivalents                               $       1,542    $         720
Accounts receivable                                             2,019            1,832
Investments, at market value                                   16,845           18,632
Other current assets                                              364              414
Total current assets                                         20,770           21,598
Goodwill                                                        2,302            2,302
Deferred income taxes                                             673              517
Property and equipment, net of
accumulated depreciation of $317 and $250                      1,787            1,860
Total assets                                          $      25,532    $      26,277

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable and accrued liabilities                $         524    $         629
Dividends payable                                                 460              460
Compensation and benefits payable                                 764            2,703
Income taxes payable                                              452               --
Other current liabilities                                           6               17
Total current liabilities                                     2,206            3,809
Deferred rent                                                       788              805
Total liabilities                                             2,994            4,614

Stockholders' Equity:
Common stock, $0.01 par value,
authorized 10,000,000 shares, issued and
outstanding 5,746,897 shares at March 31, 2005;
issued and outstanding 5,754,147 shares at
December 31, 2004                                                 58               58
Additional paid-in capital                                     16,897           16,962
Unamortized stock compensation                                 (4,296)          (4,821)
Retained earnings                                               9,879            9,464
Total stockholders' equity                                   22,538           21,663
Total liabilities and stockholders' equity                $      25,532    $      26,277

CONTACT:  Investor Relations
214-756-6900

SOURCE  Westwood Holdings Group, Inc.
-0-                             04/26/2005
/CONTACT:  Bill Hardcastle of Westwood Holdings Group, Inc.,
+1-214-756-6900/
/Web site:  http://www.westwoodgroup.com /