State Of Alaska Department Of Revenue sold 1,020 shares to BrightSphere Investment Group Inc. (NYSE:BSIG)


State of Alaska Department of Revenue reduced its holdings in BrightSphere Investment Group Inc. (NYSE: BSIG – Get Rating ) by 4.0% during the first quarter, Holdings Channel.com reports. The fund owned 24,363 shares of the company’s stock after selling 1,020 shares during the period. State of Alaska Department of Revenue’s holdings in BrightSphere Investment Group were worth $590,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. USA Financial Portformulas Corp raised its position in shares of BrightSphere Investment Group by 64.6% during the fourth 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 fourth quarter worth about $168,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BrightSphere Investment Group by 33.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,544 shares of the company’s stock valued at $219,000 after buying an additional 2,163 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of BrightSphere Investment Group in the fourth quarter worth about $226,000. Finally, Teacher Retirement System of Texas raised its position in shares of BrightSphere Investment Group by 19.5% in the fourth quarter. Teacher Retirement System of Texas now owns 11,542 shares of the company’s stock valued at $295,000 after buying an additional 1,886 shares in the last quarter. Institutional investors and hedge funds own 98.74% of the company’s shares.

A number of equities analysts recently commented on the company. StockNews.com assumed coverage on BrightSphere Investment Group in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley reduced their target price on BrightSphere Investment Group from $25.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 30th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. BrightSphere Investment Group presently has a consensus rating of “Hold” and an average target price of $27.50, according to MarketBeat .

Shares of NYSE BSIG opened at $17.68 on Friday. The business’s 50-day moving average is $19.51, and its two-hundred-day moving average is $22.13. BrightSphere Investment Group Inc. has a 1-year low of $17.58 and a 1-year high of $31.17. The stock has a market cap of $732.31 million, a P/E ratio of 1.73 and a beta of 1.64.

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 company had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $106.14 million. As a group, equities analysts predict that BrightSphere Investment Group Inc. will post 2.4 EPS for the current year.

The business also recently disclosed 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 yield of 0.23%. BrightSphere Investment Group’s payout ratio is currently 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.

See also

Want to see what other hedge funds hold BSIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BrightSphere Investment Group Inc. (NYSE: BSIG – Get Rating ).

Institutional Ownership by Quarter for BrightSphere Investment Group (NYSE:BSIG)



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