BrightSphere Investment Group (NYSE:BSIG) Sets New 52-Week High at $25.44

Shares of BrightSphere Investment Group Inc. (NYSE:BSIG) reached a new 52-week high during trading on Tuesday . The stock traded as high as $25.44 and last traded at $25.24, with a volume of 10304 shares changing hands. The stock had previously closed at $24.94.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of BrightSphere Investment Group from a “buy” rating to a “hold” rating in a research report on Monday.

BrightSphere Investment Group Stock Up 1.1 %

The company has a market cap of $952.31 million, a PE ratio of 15.20 and a beta of 1.45. The business has a 50-day simple moving average of $22.75 and a 200-day simple moving average of $22.29.

BrightSphere Investment Group (NYSE:BSIG) last announced its earnings results on Thursday, May 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.10. The company had revenue of $105.70 million for the quarter, compared to analyst estimates of $101.32 million. BrightSphere Investment Group had a return on equity of 438.16% and a net margin of 15.53%. As a group, equities research analysts predict that BrightSphere Investment Group Inc. will post 2.22 EPS for the current fiscal year.

BrightSphere Investment Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend was Friday, June 14th. BrightSphere Investment Group’s payout ratio is 2.44%.

Institutional Trading of BrightSphere Investment Group

A number of large investors have recently modified their holdings of the stock. Texas Permanent School Fund Corp increased its position in shares of BrightSphere Investment Group by 3.4% during the first quarter. Texas Permanent School Fund Corp now owns 28,335 shares of the company’s stock worth $647,000 after acquiring an additional 924 shares during the period. PNC Financial Services Group Inc. increased its position in shares of BrightSphere Investment Group by 29.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,885 shares of the company’s stock worth $94,000 after acquiring an additional 1,106 shares during the period. Gladius Capital Management LP purchased a new stake in shares of BrightSphere Investment Group during the second quarter worth $32,000. Linden Thomas Advisory Services LLC increased its position in shares of BrightSphere Investment Group by 9.9% during the second quarter. Linden Thomas Advisory Services LLC now owns 20,960 shares of the company’s stock worth $465,000 after acquiring an additional 1,889 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of BrightSphere Investment Group by 8.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 29,326 shares of the company’s stock worth $670,000 after acquiring an additional 2,213 shares during the period. Hedge funds and other institutional investors own 98.69% of the company’s stock.

BrightSphere Investment Group 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.