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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): February 7, 2006

                          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 February 7, 2006, Westwood Holdings Group, Inc. issued a press release
entitled "Westwood Holdings Group, Inc. Reports Fourth Quarter and Fiscal Year
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 $0.09 per common share, payable on April 3, 2006 to
stockholders of record on March 15, 2006.

ITEM 9.01:  FINANCIAL STATEMENTS AND EXHIBITS

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

Exhibit Number                             Description
--------------    --------------------------------------------------------------
99.1              Press Release dated February 7, 2006, entitled
                  "Westwood Holdings Group, Inc. Reports Fourth Quarter and
                  Fiscal Year 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: February 7, 2006


                                           WESTWOOD HOLDINGS GROUP, INC.


                                           By:   /s/  William R. Hardcastle, Jr.
                                                 -------------------------------
                                                 William R. Hardcastle, Jr.,
                                                 Chief Financial Officer



                                  EXHIBIT INDEX

Exhibit Number   Description
--------------   ---------------------------------------------------------------
     99.1        Press Release dated February 7, 2006,  entitled
                 "Westwood  Holdings Group, Inc. Reports Fourth Quarter and
                 Fiscal Year 2005 Results and Declares Quarterly Dividend"