BrightSphere Investment Group Inc. (NYSE: BSIG ) At a consensus recommendation of “Hold” from brokerage firms

Shares of BrightSphere Investment Group Inc. (NYSE:BSIG – Get Rating ) has received a consensus rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $27.50.

Several equities analysts recently weighed in on BSIG shares. Morgan Stanley reduced their price objective on BrightSphere Investment Group from $25.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, June 30th. StockNews.com started coverage on BrightSphere Investment Group in a report on Thursday, March 31st. They issued a “hold” rating on the company.

Institutional investors have recently been buying and selling shares of businesses. USA Financial Portformulas Corp boosted its holdings in BrightSphere Investment Group by 64.6% during the 4th quarter. USA Financial Portformulas Corp now owns 3,791 shares of the company’s stock valued at $97,000 after acquiring an additional 1,488 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of BrightSphere Investment Group in the 4th quarter valued at approximately $168,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of BrightSphere Investment Group by 33.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,544 shares of the company’s stock valued at $219,000 after purchasing an additional 2,163 shares during the period. GSA Capital Partners LLP bought a new stake in shares of BrightSphere Investment Group in the 4th quarter valued at approximately $226,000. Finally, AlphaCrest Capital Management LLC bought a new stake in shares of BrightSphere Investment Group in the 1st quarter valued at approximately $240,000 .98.74% of shares are owned by hedge funds and other institutional investors.

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NYSE BSIG opened at $18.12 on Tuesday. BrightSphere Investment Group has a twelve month low of $17.65 and a twelve month high of $31.17. The stock has a market cap of $750.62 million, a PE ratio of 1.77 and a beta of 1.64. The stock has a 50-day simple moving average of $19.71 and a 200-day simple moving average of $22.32.

BrightSphere Investment Group (NYSE:BSIG – Get Rating ) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.08. BrightSphere Investment Group had a return on equity of 26.02% and a net margin of 156.79%. The business had revenue of $112.20 million during the quarter, compared to analysts’ expectations of $106.14 million. As a group, sell-side analysts predict that BrightSphere Investment Group will post 2.4 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 10th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $0.04 annual dividend and a yield of 0.22%. BrightSphere Investment Group’s dividend payout ratio (DPR) is 0.39%.

BrightSphere Investment Group Company Profile (Get Rating)

BrightSphere Investment Group Inc is a public asset management holding company. The company provides its services to individuals and institutions. It manages individual client-focused portfolios through its subsidiaries. The firm also launched equity mutual funds for its clients. It invests in public equity, fixed income and alternative investment markets through its subsidiaries.

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