Jennison Associates LLC increased its stake in Brightsphere Investment Group (NYSE: BSIG – Get Rating) stock by 4.9% in the third quarter, according to its latest 13F filing with the SEC. The company owned 1,128,897 shares of the company after purchasing an additional 52,940 shares during the quarter. Jennison Associates LLC owned his 2.72% stake in BrightSphere Investment Group worth $16,832,000 as of the latest SEC filing.
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Many other hedge funds and other institutional investors have also recently changed positions at the BSIG. William Blair Investment Management LLC bought a new position in BrightSphere Investment Group for approximately $24,622,000 in the second quarter. ExodusPoint Capital Management LP increased his stake in BrightSphere Investment Group by 3.4% in the second quarter. ExodusPoint Capital Management LP now owns 505,455 shares of the company worth $9,103,000 after he purchased an additional 16,629 shares last quarter. Goldman Sachs Group increased its stake in Brightsphere Investment Group by 1.7% in the first quarter. Goldman Sachs Group Inc. now owns 460,645 shares of the company worth $11,170,000 after purchasing an additional 7,867 of his shares last quarter. Maltese Capital Management LLC increased its stake in BrightSphere Investment Group by 211.1% in the second quarter. Maltese Capital Management LLC now owns 420,000 shares worth $7,565,000 after purchasing an additional 285,000 shares 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 Rating Change
BSIG has been the subject of several analyst reports. The Royal Bank of Canada raised Brightsphere Investment Group’s target price from $21.00 to $23.00, giving the company an “excellent” rating, in a report on Monday, November 7. StockNews.com began reporting on the BrightSphere Investment Group on Wednesday, October 12th. They set a “pending” rating on the company. Morgan Stanley raised its price target on Brightsphere Investment Group from $18.00 for her to $19.00 for him, giving the company an “equal-weighted” rating, in a report on Friday, November 4. Finally, TheStreet downgraded BrightSphere Investment Group from a ‘c’ rating to a ‘d+’ rating in his Thursday, November 3 report.
Brightsphere Investment Group Equity Performance
Wednesday’s NYSE BSIG opened at $21.73. The stock has a market cap of $936 million, a P/E of 9.97 and a beta of 1.58. The stock has a 50-day simple moving average of $19.92 and a 200-day simple moving average of $18.61. BrightSphere Investment Group Inc. has a 52-week low of $14.73 and a 52-week high of $26.48.
Brightsphere Investment Group (NYSE:BSIG – Get Rating) announced final results on Thursday, November 3rd. The company reported earnings of $0.30 per share for him in the quarter, beating analyst consensus expectations of $0.27 by $0.03. The company’s revenue for the quarter was $86.8 million, compared to consensus expectations of $85.89 million. BrightSphere Investment Group had a net profit margin of 23.92% and a return on equity of 153.15%. Sell-side analysts forecast his earnings per share of 1.7 for Brightsphere Investment Group this year.
Brightsphere Investment Group Dividend Announcement
The company recently announced its quarterly dividend, which was paid out on Friday, December 30th. A dividend of $0.01 was issued to investors of record on Friday, December 16th. The ex-dividend date was Thursday, December 15. This represents his $0.04 dividend and his 0.18% yield on an annual basis. Brightsphere Investment Group’s dividend payout ratio is currently 1.86%.
Brightsphere Investment Group Profile
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.
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