Morgan Stanley Lowers BrightSphere Investment Group (NYSE:BSIG) Price Target to $25.00

BrightSphere Investment Group (NYSE:BSIG) had its price objective decreased by analysts at Morgan Stanley from $26.00 to $25.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Morgan Stanley’s price target indicates a potential downside of 7.44% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets restated a “sector perform” rating and set a $33.00 target price (up from $30.00) on shares of BrightSphere Investment Group in a research note on Tuesday, December 10th. Evercore ISI upped their price objective on BrightSphere Investment Group from $28.00 to $31.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. StockNews.com upgraded BrightSphere Investment Group from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada cut shares of BrightSphere Investment Group from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $30.00 to $33.00 in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.50.

BrightSphere Investment Group Stock Performance

BSIG opened at $27.01 on Friday. BrightSphere Investment Group has a 52-week low of $18.09 and a 52-week high of $31.52. The firm has a market cap of $1.01 billion, a P/E ratio of 16.37 and a beta of 1.45. The business’s fifty day moving average is $28.97 and its 200-day moving average is $25.48.

BrightSphere Investment Group (NYSE:BSIG) last released its earnings results on Thursday, October 31st. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.52 by $0.07. BrightSphere Investment Group had a net margin of 13.92% and a return on equity of 7,606.72%. The firm had revenue of $123.10 million for the quarter, compared to analyst estimates of $114.95 million. During the same period last year, the firm earned $0.45 EPS. On average, research analysts predict that BrightSphere Investment Group will post 2.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in BrightSphere Investment Group by 2,397.6% during the 3rd quarter. Blue Trust Inc. now owns 3,122 shares of the company’s stock worth $79,000 after purchasing an additional 2,997 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in BrightSphere Investment Group in the third quarter worth approximately $89,000. Quest Partners LLC acquired a new position in BrightSphere Investment Group in the second quarter valued at approximately $147,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of BrightSphere Investment Group by 67.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,802 shares of the company’s stock worth $195,000 after buying an additional 3,561 shares during the period. Finally, Verition Fund Management LLC bought a new stake in shares of BrightSphere Investment Group in the 3rd quarter valued at $213,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

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.