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.
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.
This instant news alert is generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in BrightSphere Investment Group right now?
Before you consider BrightSphere Investment Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients daily. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes a nosedive … and BrightSphere Investment Group wasn’t on the list.
While BrightSphere Investment Group currently has a “Hold” rating among analysts, the top-rated analysts think these five stocks are better buys.
See the 5 stocks here