According to Zacks, “BrightSphere Investment Group plc is a diversified multi-boutique asset management company. The Company focuses on equities and fixed income portfolios, as well as investments in timber and real estate sectors. BrightSphere Investment Group plc, formerly known as OM Asset Management plc, is based in London, United Kingdom. “
Other analysts have also recently issued research reports about the stock. Credit Suisse Group reiterated a buy rating and set a $16.00 price target on shares of Brightsphere Investment Group in a research note on Wednesday, September 11th. Evercore ISI reissued a hold rating and set a $11.00 price objective on shares of Brightsphere Investment Group in a research report on Monday, November 11th. Finally, Wells Fargo & Co restated a buy rating on shares of Brightsphere Investment Group in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $13.79.
Brightsphere Investment Group (NYSE:BSIG) last announced its earnings results on Tuesday, November 5th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The business had revenue of $197.80 million for the quarter, compared to analysts’ expectations of $205.68 million. Brightsphere Investment Group had a return on equity of 228.89% and a net margin of 21.67%. The business’s revenue was down 14.0% on a year-over-year basis. During the same quarter last year, the business posted $0.46 earnings per share. As a group, research analysts predict that Brightsphere Investment Group will post 1.73 earnings per share for the current year.
The business also recently disclosed a dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, December 12th. Brightsphere Investment Group’s payout ratio is 21.51%.
Hedge funds have recently made changes to their positions in the business. Metropolitan Life Insurance Co NY purchased a new stake in shares of Brightsphere Investment Group during the third quarter worth approximately $247,000. Man Group plc grew its position in Brightsphere Investment Group by 6.6% in the 3rd quarter. Man Group plc now owns 171,388 shares of the company’s stock valued at $1,698,000 after buying an additional 10,587 shares during the last quarter. Squarepoint Ops LLC increased its stake in Brightsphere Investment Group by 961.6% in the 3rd quarter. Squarepoint Ops LLC now owns 179,409 shares of the company’s stock valued at $1,778,000 after buying an additional 162,509 shares during the period. Algebris UK Ltd acquired a new position in Brightsphere Investment Group in the 3rd quarter valued at $1,536,000. Finally, Voya Investment Management LLC raised its position in Brightsphere Investment Group by 17.2% during the 3rd quarter. Voya Investment Management LLC now owns 61,606 shares of the company’s stock worth $611,000 after buying an additional 9,036 shares during the last quarter. Institutional investors own 98.39% of the company’s stock.
Brightsphere Investment Group Company Profile
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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