UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.58 Million Stock Position in BrightSphere Investment Group Inc. (NYSE:BSIG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in BrightSphere Investment Group Inc. (NYSE:BSIG) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,305 shares of the company’s stock after selling 7,689 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of BrightSphere Investment Group worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BSIG. Jennison Associates LLC lifted its holdings in shares of BrightSphere Investment Group by 25.3% during the 3rd quarter. Jennison Associates LLC now owns 968,936 shares of the company’s stock valued at $24,611,000 after purchasing an additional 195,417 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of BrightSphere Investment Group by 329.0% in the third quarter. Quest Partners LLC now owns 28,459 shares of the company’s stock valued at $723,000 after buying an additional 21,825 shares during the period. GSA Capital Partners LLP increased its position in shares of BrightSphere Investment Group by 29.4% during the third quarter. GSA Capital Partners LLP now owns 46,993 shares of the company’s stock worth $1,194,000 after acquiring an additional 10,674 shares in the last quarter. Impax Asset Management Group plc increased 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 acquiring an additional 50,000 shares in the last quarter. Finally, New York State Teachers Retirement System raised its holdings in shares of BrightSphere Investment Group by 24.3% during the third quarter. New York State Teachers Retirement System now owns 13,132 shares of the company’s stock worth $334,000 after acquiring an additional 2,565 shares during the period. 98.69% of the stock is owned by institutional investors and hedge funds.

BrightSphere Investment Group Stock Performance

BSIG opened at $30.27 on Tuesday. The business’s 50-day simple moving average is $28.67 and its 200 day simple moving average is $25.36. BrightSphere Investment Group Inc. has a 52-week low of $18.09 and a 52-week high of $31.52. The firm has a market capitalization of $1.13 billion, a PE ratio of 18.35 and a beta of 1.45.

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

BrightSphere Investment Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend 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%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BSIG. Royal Bank of Canada cut 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. BMO Capital Markets reiterated a “sector perform” rating and set a $33.00 price objective (up from $30.00) on shares of BrightSphere Investment Group in a report on Tuesday, December 10th. Evercore ISI boosted their target price on BrightSphere Investment Group from $28.00 to $31.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Morgan Stanley downgraded BrightSphere Investment Group from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $23.00 to $26.00 in a research report on Friday, October 18th. Finally, StockNews.com upgraded shares of BrightSphere Investment Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $30.75.

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.