The most recent Form 13F filing that Assenagon Asset Management S.A. made with the SEC revealed that during the third quarter, the company’s holdings in BrightSphere Investment Group Inc. (NYSE: BSIG) were reduced by 79.8 percent. The fund had 18,739 shares of the company’s stock at the end of the time frame despite having sold 73,838 shares of the company’s stock throughout the time frame. Assenagon Asset Management S.A. estimated that BrightSphere Investment Group was worth $279,000 based on the most recent disclosure that the company made with the SEC.
In addition, several prominent investors have made adjustments to the amount of the company’s stock that they own within the past few months. Because the company purchased additional shares during the first quarter, AlphaCrest Capital Management LLC’s holdings of BrightSphere Investment Group increased by approximately $240,000. This was because the company bought more shares. Natixis Advisors L.P. increased the amount of BrightSphere Investment Group stock owned by 1.2% during the first three months of 2018. Natixis Advisors L.P. now has a total of 63,964 shares following purchasing 744 additional shares during the most recent quarter. The value of the company’s stock held by Natixis Advisors L.P. is now $1,551,000. In the first quarter of this year, the Commonwealth of Pennsylvania Public School Employees Retirement System increased the amount of BrightSphere Investment Group stock owned by 11.4%. This increase took place over the first three months of the year. Following the acquisition of an additional 3,100 shares in the company during the most recent quarter of the fiscal year, Commonwealth of Pennsylvania Public School Empls Retrmt SYS now holds a total of 30,194 shares in the company, which have a market value of $732,000 collectively. A 9.7% increase in Sei Investments Company’s stake in BrightSphere Investment Group was completed during the first three months of 2018. Since the beginning of the previous fiscal quarter, Sei Investments Company has acquired a total of 4,408 additional shares of the company, bringing its total number of shares to 49,953, which have a value of $1,210,000. Additionally, during the first three months of the year, the Canada Pension Plan Investment Board completed the purchase of a new holding in BrightSphere Investment Group. This new holding was estimated to be worth approximately $9,312,000 at the time of the purchase.
Recently, the topic of BSIG has been the focus of various research articles written by various authors. After being given a rating of “c” in the past, the stock of BrightSphere Investment Group was given a rating of “d+” by TheStreet on November 3. BrightSphere Investment Group now has an “equal weight” rating from Morgan Stanley, and the investment bank has increased its price target for the company’s stock from $18.00 to $19.00. On Friday, November 4, a research note was published stating that both of these alterations would be made. StockNews.com released a research study on October 12, in which they discussed BrightSphere Investment Group shares for the first time. The article was entitled “BrightSphere Investment Group Shares.” They recommended that shareholders “hold” their shares of the company. The Royal Bank of Canada previously gave BrightSphere Investment Group an “underperform” rating; however, that rating was raised to an “outperform” status in a research note published on November 7.
The shares of BrightSphere Investment Group were initially offered for sale on the market on Thursday for $21.69 for each share. In the previous twelve months, BrightSphere Investment Group Inc.’s share price ranged from a low of $14.73 to a high of $26.48. The company’s current market capitalization stands at $898.70 million, the PE ratio of the stock is 10.09, and the beta value is 1.58. The company’s simple moving average over the past 50 days is $19.97, and the simple moving average over the past 200 days is $18.63.
On November 3, BrightSphere Investment Group, which trades under the symbol BSIG on the New York Stock Exchange, made public its report on the company’s performance. The company reported quarterly earnings per share (EPS) of $0.30, $0.03 more than the average prediction of $0.27. The consensus forecast had been $0.27.BrightSphere Investment Group was able to achieve a return on equity of 153.15% as well as a net margin of 23.92%. The revenue for the quarter came in significantly higher than the $85.89 million analysts had anticipated, coming in at $86.80 million instead. According to projections made by research analysts, the current fiscal year will end with BrightSphere Investment Group Inc. having generated earnings of 1.7 cents per share.
In addition, the company declared a quarterly dividend, which was paid out on Friday, December 30, as a Christmas gift to shareholders. A dividend payment of $0.01 was made to shareholders who recorded holders as of the business day before the dividend payment date, which was on Friday, December 16. This dividend’s ex-dividend date, which was on December 15, a Thursday, was also the date of the dividend itself. When calculated on an annualized basis, this results in a dividend payment of $0.04 per share and a dividend yield of 0.18%. At this time, BrightSphere Investment Group’s payout ratio stands at 1.86%.
Asset management is the primary focus of the holding company that goes by BrightSphere Investment Group Inc., which is traded on public markets. When utilizing the services offered by the company, the customers could be individuals or organizations. It does this by managing a variety of client-focused portfolios through its subsidiaries. These portfolios are managed individually. Additionally, the company gives its customers access to equity mutual funds, which is a useful investment option. It does this by investing in the public stock market, the fixed-income market, and the alternative investment market through its subsidiaries.