Teachers Advisors LLC bought a new stake in shares of Brightsphere Investment Group PLC (NYSE:BSIG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 733,806 shares of the company’s stock, valued at approximately $9,099,000. Teachers Advisors LLC owned about 0.67% of Brightsphere Investment Group at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in BSIG. Rhumbline Advisers increased its position in shares of Brightsphere Investment Group by 13.9% during the 2nd quarter. Rhumbline Advisers now owns 75,529 shares of the company’s stock valued at $1,077,000 after purchasing an additional 9,223 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Brightsphere Investment Group by 131.1% during the 2nd quarter. SG Americas Securities LLC now owns 15,694 shares of the company’s stock worth $224,000 after acquiring an additional 8,903 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Brightsphere Investment Group by 36.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 404,027 shares of the company’s stock worth $5,761,000 after acquiring an additional 107,145 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Brightsphere Investment Group by 15.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 152,400 shares of the company’s stock worth $2,174,000 after acquiring an additional 20,900 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Brightsphere Investment Group by 8.5% during the 2nd quarter. BlackRock Inc. now owns 4,531,146 shares of the company’s stock worth $64,612,000 after acquiring an additional 356,726 shares during the period. 0.03% of the stock is owned by hedge funds and other institutional investors.
In other Brightsphere Investment Group news, major shareholder Hna Eagle Holdco Llc sold 4,598,566 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $12.80, for a total value of $58,861,644.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by company insiders.
Brightsphere Investment Group (NYSE:BSIG) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. Brightsphere Investment Group had a return on equity of 135.80% and a net margin of 6.71%. The company had revenue of $230.10 million during the quarter, compared to the consensus estimate of $227.95 million. During the same quarter in the prior year, the company earned $0.43 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Brightsphere Investment Group PLC will post 1.83 EPS for the current year.
The business also recently announced a dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were paid a $0.10 dividend. The ex-dividend date was Thursday, December 13th. Brightsphere Investment Group’s dividend payout ratio is currently 5.56%.
Several research firms have recently weighed in on BSIG. Keefe, Bruyette & Woods reiterated a “mkt perform” rating on shares of Brightsphere Investment Group in a research note on Wednesday. Zacks Investment Research downgraded Brightsphere Investment Group from a “buy” rating to a “sell” rating in a research note on Tuesday. Finally, Citigroup cut their price target on Brightsphere Investment Group from $18.50 to $16.50 and set a “buy” rating for the company in a research note on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $16.50.
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About Brightsphere Investment Group
BrightSphere Investment Group plc 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.
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