BrightSphere Investment Group Inc. (NYSE:BSIG) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in BrightSphere Investment Group Inc. (NYSE:BSIG) by 10.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,831 shares of the company’s stock after selling 2,622 shares during the quarter. Thrivent Financial for Lutherans owned 0.06% of BrightSphere Investment Group worth $555,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of BrightSphere Investment Group by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,126,772 shares of the company’s stock worth $24,980,000 after buying an additional 4,399 shares in the last quarter. Impax Asset Management Group plc grew its position in shares of BrightSphere Investment Group by 4.8% during the third quarter. Impax Asset Management Group plc now owns 1,098,818 shares of the company’s stock worth $27,910,000 after buying an additional 50,000 shares in the last quarter. Denali Advisors LLC grew its position in shares of BrightSphere Investment Group by 1.9% during the second quarter. Denali Advisors LLC now owns 160,000 shares of the company’s stock worth $3,547,000 after buying an additional 2,909 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of BrightSphere Investment Group by 297.9% during the second quarter. Renaissance Technologies LLC now owns 154,000 shares of the company’s stock worth $3,414,000 after buying an additional 115,300 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of BrightSphere Investment Group by 28.9% during the second quarter. AQR Capital Management LLC now owns 103,690 shares of the company’s stock worth $2,299,000 after buying an additional 23,232 shares in the last quarter. Institutional investors and hedge funds own 98.69% of the company’s stock.

BrightSphere Investment Group Trading Up 1.1 %

NYSE BSIG opened at $31.27 on Thursday. BrightSphere Investment Group Inc. has a 1 year low of $17.60 and a 1 year high of $31.52. The company has a market cap of $1.17 billion, a PE ratio of 18.95 and a beta of 1.45. The stock’s 50-day moving average price is $27.57 and its two-hundred day moving average price is $24.84.

BrightSphere Investment Group (NYSE:BSIG) last released its earnings results on Thursday, October 31st. The company reported $0.59 earnings per share for the quarter, topping 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 business had revenue of $123.10 million for the quarter, compared to the consensus estimate of $114.95 million. During the same period last year, the firm posted $0.45 earnings per share. Research analysts forecast that BrightSphere Investment Group Inc. will post 2.59 EPS for the current fiscal year.

BrightSphere Investment Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend is Friday, December 13th. BrightSphere Investment Group’s dividend payout ratio (DPR) is presently 2.42%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BSIG shares. Morgan Stanley downgraded shares of BrightSphere Investment Group from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $23.00 to $26.00 in a research report on Friday, October 18th. StockNews.com raised shares of BrightSphere Investment Group from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Evercore ISI raised their price target on shares of 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. Finally, Royal Bank of Canada raised their price objective on BrightSphere Investment Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.00.

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.