BrightSphere Investment Group (NYSE: BSIG – Get rating) Its price was reduced by stock analysts at Morgan Stanley from $ 25.00 to $ 20.00 in a research report issued to customers and investors on Thursday, Benzinga reported. The brokerage company currently has an “equal weight” rating on the shares. Morgan Stanley’s price target would imply a potential increase of 7.70% compared to the company’s current price.
Separately, StockNews.com covered BrightSphere Investment Group shares in a research report on Thursday, March 31st. They set a rating of “retention” of shares. Four investment analysts rated the shares with a rating for retention, and one gave a rating for the purchase of the company. According to MarketBeat, the shares currently have a consensus rating of “Hold” and a consensus target of $ 27.50.
Shares of BSIG opened at $ 18.57 on Thursday. The company’s 50-day moving average is $ 19.93, and its 200-day moving average is $ 22.44. The shares have a market capitalization of $ 769.26 million, a price / earnings ratio of 1.81 and a beta of 1.65. BrightSphere Investment Group has a 1-year low of $ 17.69 and a 1-year high of $ 31.17.
BrightSphere Investment Group (NYSE: BSIG – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported $ 0.52 EPS for the quarter, beating analysts’ consensus estimates of $ 0.44 by $ 0.08. BrightSphere Investment Group had a net margin of 156.79% and a return on equity of 26.02%. The business had revenue of $ 112.20 million for the quarter, compared to analysts’ expectations of $ 106.14 million. Share analysts expect BrightSphere Investment Group to report 2.4 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their equity positions. USA Financial Portformulas Corp raised its 64.6% stake in BrightSphere Investment Group in the fourth quarter. USA Financial Portformulas Corp. now owns 3,791 shares of the company’s $ 97,000 worth after acquiring an additional 1,488 shares during the period. Point72 Hong Kong Ltd bought a new stake in BrightSphere Investment Group in the fourth quarter worth $ 168,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in BrightSphere Investment Group by 33.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank already owns 8,544 shares of the company’s shares worth $ 219,000 after acquiring an additional 2,163 shares during the period. GSA Capital Partners LLP bought a new $ 226,000 stake in BrightSphere Investment Group in the fourth quarter. Finally, AlphaCrest Capital Management LLC acquired a new stake in BrightSphere Investment Group in the first quarter worth $ 240,000. 98.74% of the shares are owned by institutional investors.
Company profile of BrightSphere Investment Group (Get a rating)
BrightSphere Investment Group Inc is a public holding asset management company. The company provides its services to individuals and institutions. It manages individual portfolios focused on customers through its subsidiaries. The company also launches mutual funds for its clients. It invests in public capital, fixed income and alternative investment markets through its subsidiaries.
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