Louisiana State Employees Retirement System bought a new stake in shares of BrightSphere Investment Group Inc. (NYSE:BSIG – Get Rating) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,400 shares of the company’s stock, valued at approximately $230,000.
Other large investors have also recently made changes to their positions in the company. KBC Group NV purchased a new stake in shares of BrightSphere Investment Group during the second quarter valued at $53,000. Point72 Hong Kong Ltd bought a new stake in shares of BrightSphere Investment Group in the second quarter valued at about $124,000. AlphaCrest Capital Management LLC bought a new stake in shares of BrightSphere Investment Group in the first quarter valued at about $240,000. Sciencast Management LP bought a new stake in shares of BrightSphere Investment Group in the second quarter valued at about $263,000. Finally, Hsbc Holdings PLC raised its holdings in shares of BrightSphere Investment Group by 51.3% in the first quarter. Hsbc Holdings PLC now owns 11,832 shares of the company’s stock valued at $289,000 after acquiring an additional 4,012 shares in the last quarter.
BrightSphere Investment Group Stock Down 0.2 %
Shares of BSIG opened at $21.15 on Friday. The company has a market cap of $876.33 million, a price-to-earnings ratio of 9.84 and a beta of 1.58. BrightSphere Investment Group Inc. has a twelve month low of $14.73 and a twelve month high of $26.48. The company has a 50 day moving average of $19.78 and a two-hundred day moving average of $18.55.
BrightSphere Investment Group (NYSE:BSIG – Get Rating) last announced its earnings results on Thursday, November 3rd. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03. The company had revenue of $86.80 million during the quarter, compared to the consensus estimate of $85.89 million. BrightSphere Investment Group had a net margin of 23.92% and a negative return on equity of 153.15%. On average, sell-side analysts expect that BrightSphere Investment Group Inc. will post 1.7 EPS for the current year.
BrightSphere Investment Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 16th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.19%. BrightSphere Investment Group’s payout ratio is currently 1.86%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on BSIG shares. Morgan Stanley lifted their price objective on BrightSphere Investment Group from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, November 4th. Royal Bank of Canada lifted their price objective on BrightSphere Investment Group from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, November 7th. TheStreet downgraded BrightSphere Investment Group from a “c” rating to a “d+” rating in a report on Thursday, November 3rd. Finally, StockNews.com initiated coverage on shares of BrightSphere Investment Group in a research report on Wednesday, October 12th. They set a “hold” rating for the company.
BrightSphere Investment Group Company Profile
BrightSphere Investment Group Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.
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