Federated Hermes Inc. Has $39,000 Holdings in BrightSphere Investment Group Inc. (NYSE:BSIG)

Federated Hermes Inc. decreased its stake in BrightSphere Investment Group Inc. (NYSE:BSIG) by 79.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,032 shares of the company’s stock after selling 7,814 shares during the period. Federated Hermes Inc.’s holdings in BrightSphere Investment Group were worth $39,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of BrightSphere Investment Group by 48.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,790 shares of the company’s stock worth $170,000 after acquiring an additional 2,886 shares during the period. New York State Teachers Retirement System lifted its position in BrightSphere Investment Group by 22.9% in the third quarter. New York State Teachers Retirement System now owns 15,079 shares of the company’s stock worth $292,000 after purchasing an additional 2,813 shares during the period. SG Americas Securities LLC acquired a new stake in BrightSphere Investment Group during the third quarter worth $304,000. Louisiana State Employees Retirement System bought a new stake in BrightSphere Investment Group in the 4th quarter valued at $310,000. Finally, Jump Financial LLC acquired a new position in shares of BrightSphere Investment Group in the 3rd quarter valued at $323,000. Institutional investors own 98.69% of the company’s stock.

Insider Buying and Selling at BrightSphere Investment Group

In other news, CEO Suren Rana sold 109,960 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $20.74, for a total transaction of $2,280,570.40. Following the sale, the chief executive officer now owns 130,967 shares in the company, valued at $2,716,255.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 24.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of BrightSphere Investment Group from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 19th. StockNews.com raised BrightSphere Investment Group from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. TheStreet raised BrightSphere Investment Group from a “d+” rating to a “c-” rating in a research note on Thursday, January 25th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $24.00 price objective on shares of BrightSphere Investment Group in a research note on Friday, February 2nd.

BrightSphere Investment Group Trading Down 0.8 %

NYSE BSIG opened at $22.39 on Wednesday. BrightSphere Investment Group Inc. has a 1-year low of $15.23 and a 1-year high of $23.63. The company has a 50 day moving average of $22.70 and a 200-day moving average of $20.34. The firm has a market cap of $847.69 million, a price-to-earnings ratio of 13.65 and a beta of 1.47.

BrightSphere Investment Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.18%. BrightSphere Investment Group’s dividend payout ratio is 2.44%.

About BrightSphere Investment Group

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.