Brightsphere Investment Group PLC (BSIG) To Go Ex-Dividend on September 12th

Brightsphere Investment Group PLC (NYSE:BSIG) announced a quarterly dividend on Tuesday, July 30th, NASDAQ reports. Shareholders of record on Friday, September 13th will be paid a dividend of 0.10 per share on Friday, September 27th. This represents a $0.40 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, September 12th.

Shares of NYSE:BSIG traded up $0.19 during trading hours on Tuesday, hitting $10.34. 24,100 shares of the company’s stock traded hands, compared to its average volume of 615,367. The company’s fifty day simple moving average is $9.49 and its two-hundred day simple moving average is $11.94. The company has a market cap of $848.33 million, a price-to-earnings ratio of 5.56, a price-to-earnings-growth ratio of 1.15 and a beta of 1.83. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.63 and a current ratio of 0.63. Brightsphere Investment Group has a 52 week low of $8.40 and a 52 week high of $14.87.

Brightsphere Investment Group (NYSE:BSIG) last released its earnings results on Thursday, August 1st. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $207.10 million during the quarter, compared to analyst estimates of $211.13 million. Brightsphere Investment Group had a net margin of 18.36% and a return on equity of 214.61%. The business’s quarterly revenue was down 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 earnings per share. On average, analysts anticipate that Brightsphere Investment Group will post 1.8 EPS for the current fiscal year.

Several research firms have issued reports on BSIG. Zacks Investment Research cut Brightsphere Investment Group from a “hold” rating to a “sell” rating in a report on Monday. Citigroup cut their price objective on Brightsphere Investment Group from $15.00 to $12.50 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Morgan Stanley reduced their price objective on Brightsphere Investment Group from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Brightsphere Investment Group has an average rating of “Hold” and a consensus target price of $13.90.

In related news, insider Guang Yang acquired 50,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average price of $9.10 per share, for a total transaction of $455,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 24.10% of the company’s stock.

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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Dividend History for Brightsphere Investment Group (NYSE:BSIG)

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