Shares of BrightSphere Investment Group Inc. (NYSE:BSIG – Get Free Report) reached a new 52-week high during mid-day trading on Monday after Royal Bank of Canada raised their price target on the stock from $26.00 to $28.00. Royal Bank of Canada currently has an outperform rating on the stock. BrightSphere Investment Group traded as high as $26.60 and last traded at $26.58, with a volume of 24644 shares changing hands. The stock had previously closed at $26.04.
Separately, StockNews.com lowered shares of BrightSphere Investment Group from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd.
Read Our Latest Report on BrightSphere Investment Group
Institutional Trading of BrightSphere Investment Group
BrightSphere Investment Group Stock Up 2.2 %
The company’s fifty day moving average is $23.98 and its two-hundred day moving average is $23.34. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 16.22 and a beta of 1.41.
BrightSphere Investment Group (NYSE:BSIG – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The business had revenue of $109.00 million for the quarter, compared to analyst estimates of $104.72 million. BrightSphere Investment Group had a net margin of 15.00% and a return on equity of 871.33%. During the same period in the prior year, the business posted $0.28 earnings per share. On average, equities research analysts expect that BrightSphere Investment Group Inc. will post 2.31 EPS for the current year.
BrightSphere Investment Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.01 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.04 annualized dividend and a yield of 0.15%. BrightSphere Investment Group’s dividend payout ratio (DPR) is presently 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.
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