BrightSphere Investment Group (NYSE:BSIG) sets a new 52-week low of $17.61


The share price of BrightSphere Investment Group Inc. (NYSE:BSIG – Get Rating ) hit a new 52-week low on Friday. The stock traded as high as $17.61 and last traded at $17.61, with a volume of 6,349 shares trading hands. The stock previously closed at $17.99.

BSIG has been the subject of several research reports. Morgan Stanley decreased their price objective on shares of BrightSphere Investment Group from $25.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 30th. StockNews.com initiated coverage on shares of BrightSphere Investment Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. BrightSphere Investment Group has a consensus rating of “Hold” and a consensus target price of $27.50, according to MarketBeat.com.

The company’s 50-day moving average is $19.51 and its 200-day moving average is $22.13. The company has a market cap of $732.31 million, a price-to-earnings ratio of 1.73 and a beta of 1.64.

BrightSphere Investment Group (NYSE:BSIG – Get Rating ) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.52 EPS for the quarter, topping the consensus estimate 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 company had revenue of $112.20 million for the quarter, compared to analyst estimates of $106.14 million. Analysts predict that BrightSphere Investment Group Inc. will report 2.4 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 10th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $0.04 annual dividend and a dividend yield of 0.23%. BrightSphere Investment Group’s dividend payout ratio (DPR) is 0.39%.

A number of large investors have recently bought and sold shares of the stock. Jennison Associates LLC boosted its stake in BrightSphere Investment Group by 2.4% in the first quarter. Jennison Associates LLC now owns 2,039,755 shares of the company’s stock valued at $49,464,000 after buying an additional 47,575 shares in the last quarter. Empyrean Capital Partners LP acquired a new position in BrightSphere Investment Group in the first quarter valued at $41,968,000. Impax Asset Management Group plc boosted its stake in BrightSphere Investment Group by 26.7% during the 4th quarter. Impax Asset Management Group plc now owns 823,745 shares of the company’s stock valued at $21,088,000 after buying an additional 173,745 shares in the last quarter. Bank of America Corp DE boosted its stake in BrightSphere Investment Group by 68.1% in the 4th quarter. Bank of America Corp DE now owns 798,214 shares of the company’s stock valued at $20,434,000 after buying an additional 323,442 shares during the last quarter. Finally, Invesco Ltd. raised its stake in BrightSphere Investment Group by 17.6% during the 4th quarter. Invesco Ltd. now owns 665,599 shares of the company’s stock valued at $17,039,000 after buying an additional 99,427 shares in the last quarter. Institutional investors and hedge funds own 98.74% of the company’s shares.

BrightSphere Investment Group Company Profile (NYSE: BSIG)

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.

Featured articles



Get BrightSphere Investment Group news and ratings daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for BrightSphere Investment Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Comment

Your email address will not be published.