Assenagon Asset Management SA reduced its stake in the shares of BrightSphere Investment Group Inc. (NYSE:BSIG – Get Rating) by 79.8% in the third quarter, according to its latest Form 13F filed with the SEC. The fund owned 18,739 shares of the company’s stock after selling 73,838 shares during the period. Asanagon Asset Management SA’s holdings in the Brightsphere Investment Group were valued at $279,000 as of the latest SEC filing.
→ Solar industry at the beginning of the Long Bull Run? (From investment trends)
Other big investors have increased or decreased their stakes in the company. AlphaCrest Capital Management LLC purchased new shares in his BrightSphere Investment Group worth approximately $240,000 in the first quarter. Natixis Advisors LP increased his BrightSphere Investment Group stake by 1.2% in the first quarter. Natixis Advisors LP now owns 63,964 of his shares worth $1,551,000 after purchasing an additional 744 of his shares last quarter. Pennsylvania Public Schools Retrmt SYS increased his BrightSphere Investment Group stake by 11.4% in the first quarter. Pennsylvania Public Schools employee Retrmt SYS now owns 30,194 shares of the company worth $732,000 after he bought an additional 3,100 shares last quarter. Sei Investments Co. increased his BrightSphere Investment Group stake by 9.7% in the first quarter. Sei Investments Co. now owns 49,953 shares of the company worth $1,211,000 after purchasing an additional 4,408 shares of him last quarter. Finally, the Canada Pension Plan Investment Board purchased approximately $9,312,000 worth of new Brightsphere Investment Group shares in the first quarter.
Analyst upgrades and downgrades
BSIG has been the subject of several recent research reports. TheStreet downgraded BrightSphere Investment Group shares from a ‘c’ rating to a ‘d+’ rating in a research note on Thursday, November 3. Morgan Stanley raised its share price target for Brightsphere Investment Group from her $18.00 to her $19.00, giving the company an “equal-weighted” rating in a research report on Friday, November 4. StockNews.com began coverage of BrightSphere Investment Group shares in a research report on Wednesday, October 12th. They issued a “pending” rating to the company. Finally, in a research report on Monday, November 7, the Royal Bank of Canada raised its price target for Brightsphere Investment Group to $23.00 from $21.00, giving the company an “excellent” rating.
Brightsphere Investment Group price performance
Shares of Brightsphere Investment Group opened Thursday at $21.69. His one-year low is $14.73 and one-year high is $26.48 for Brightsphere Investment Group, Inc. The company has a market capitalization of $898.7 million, a PE ratio of 10.09 and a beta of 1.58. The company’s 50-day simple moving average is $19.97 and its 200-day simple moving average is $18.63.
Brightsphere Investment Group (NYSE:BSIG – Get Rating) last reported results on Thursday, November 3rd. The company reported his earnings per share (EPS) of $0.30 for the quarter, beating consensus expectations of his $0.27 by $0.03. BrightSphere Investment Group had a net profit margin of 23.92% and a return on equity of 153.15%. The business generated $86.8 million in revenue for the quarter, compared with analyst estimates of $85.89 million. Research analysts expect Brightsphere Investment Group to post earnings per share of 1.7 for the group as a whole this year.
Brightsphere Investment Group Announces Dividend
The company recently announced its quarterly dividend, which was paid out on Friday, December 30th. A dividend of $0.01 was issued to shareholders of record on Friday, December 16th. The ex-dividend date for this dividend was December 15 (Thursday). This represents his $0.04 dividend and his 0.18% dividend yield on an annual basis. Brightsphere Investment Group’s dividend payout ratio is 1.86%.
About Brightsphere Investment Group
Brightsphere Investment Group, Inc. is a publicly traded investment management holding company. The company serves individuals and institutions. Through our subsidiaries, we manage portfolios focused on individual clients. The company also launches equity mutual funds for its clients. Through its subsidiaries, it invests in the public equity, fixed income and alternative investment markets.
Want to know which other hedge funds hold BSIG? Visit HoldingsChannel.com to get the latest BrightSphere Investment Group Inc. (NYSE:BSIG – Get Rating) 13F filings and insider trading.
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to email@example.com.
Hear this before you consider Brightsphere Investment Group.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat has identified five stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and BrightSphere Investment Group is not on the list was.
Brightsphere Investment Group currently holds a ‘moderate buy’ rating among analysts, although the highest rated analysts believe these five stocks are better buys. .
See 5 stocks here