BrightSphere Investment Group (NYSE:BSIG) Sets New 52-Week Low at $17.61


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. The stock had previously closed at $17.99.

BSIG has been the subject of several research reports. Morgan Stanley reduced 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 began 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 data from MarketBeat.com.

The company’s 50-day moving average price is $19.51 and its 200-day moving average price 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, beating 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 post 2.4 earnings per share for the current fiscal year.

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

A number of large investors have recently bought and sold shares of the stock. Jennison Associates LLC raised 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 worth $49,464,000 after purchasing an additional 47,575 shares during 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 raised its stake in BrightSphere Investment Group by 26.7% in the 4th quarter. Impax Asset Management Group plc now owns 823,745 shares of the company’s stock worth $21,088,000 after buying an additional 173,745 shares during the last quarter. Bank of America Corp DE raised its stake in BrightSphere Investment Group by 68.1% in the fourth 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% in the fourth 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 during 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 publicly owned asset management holding company. The firm offers its services to individuals and institutions. It manages separate client-focused portfolios through its subsidiaries. The firm also issues equity mutual funds to its clients. It invests in public equity, fixed income and alternative investment markets through its subsidiaries.

Featured articles



Get news and reviews for BrightSphere Investment Group 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.