In yesterday’s Wall Street session, BrightSphere Investment Group Inc. (NYSE:BSIG) shares traded at $21.09, up 0.91% from the previous session.
3 analysts cover BrightSphere Investment Group Inc. (NYSE:BSIG), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $23.00 and a low of $19.00, we find $21.00. Given the previous closing price of $20.90, this indicates a potential upside of 0.48 percent. BSIG stock price is now 7.52% away from the 50-day moving average and 9.35% away from the 200-day moving average. The market capitalization of the company currently stands at $841.28M.
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The stock has received a hold rating from 2 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $21.00 as their price target over the next twelve months.
On October 29, 2021, Keefe Bruyette Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock increasing its target price from $31 to quote $32, while ‘BofA Securities’ rates the stock as ‘Buy’.
In other news, Hart Richard Jonathan, Chief Legal Officer sold 898 shares of the company’s stock on Feb 16. The stock was sold for $22,139 at an average price of $24.65. Upon completion of the transaction, the Chief Legal Officer now directly owns 52,823 shares in the company, valued at $1.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 15, Chief Legal Officer Hart Richard Jonathan sold 1,475 shares of the business’s stock. A total of $36,639 was realized by selling the stock at an average price of $24.84. This leaves the insider owning 50,694 shares of the company worth $1.07 million. Insiders disposed of 416,610 shares of company stock worth roughly $8.79 million over the past 1 year. A total of 0.65% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BSIG stock. A new stake in BrightSphere Investment Group Inc. shares was purchased by SCHONFELD STRATEGIC ADVISORS LLC during the first quarter worth $5,123,000. OCCUDO QUANTITATIVE STRATEGIES LP invested $872,000 in shares of BSIG during the first quarter. In the first quarter, ALGERT GLOBAL LLC acquired a new stake in BrightSphere Investment Group Inc. valued at approximately $827,000. GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in BSIG for approximately $709,000. D. E. SHAW & CO., INC. purchased a new stake in BSIG valued at around $587,000 in the second quarter.
On Tuesday morning BrightSphere Investment Group Inc. (NYSE: BSIG) stock kicked off with the opening price of $20.69. During the past 12 months, BrightSphere Investment Group Inc. has had a low of $14.73 and a high of $26.48. The fifty day moving average price for BSIG is $19.62 and a two-hundred day moving average price translates $19.29 for the stock.
The latest earnings results from BrightSphere Investment Group Inc. (NYSE: BSIG) was released for Jun, 2022. According to the Asset Management Company, earnings per share came in at $0.41, beating analysts’ expectations of $0.38 by 0.03. This compares to $2.76 EPS in the same period last year. The net profit margin was 23.90% and return on equity was -181.30% for BSIG. The company reported revenue of $86.8 million for the quarter, compared to $117.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.38 percent. For the current quarter, analysts expect BSIG to generate $83.8M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 12/16/2022 were paid a $0.01 dividend. On an annualized basis, this represents a $0.04 dividend and a 0.19% percent yield. There was an ex-dividend date of 12/15/2022 for this dividend. In terms of dividend payout ratio, BSIG is presently at 1.80%.
BrightSphere Investment Group Inc.(BSIG) Company Profile
BrightSphere Investment Group Inc. is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries. The firm was founded in 1980 is based Boston, Massachusetts. It was formally known as BrightSphere Investment Group plc. BrightSphere Investment Group Inc. was formed in 1980 and is based in Boston, Massachusetts.
