BrightSphere Investment Group Inc. (NYSE:BSIG) Shares Acquired by Creative Planning

Creative Planning boosted its stake in BrightSphere Investment Group Inc. (NYSE:BSIG) by 13.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 19,853 shares of the company’s stock after purchasing an additional 2,300 shares during the period. Creative Planning owned about 0.05% of BrightSphere Investment Group worth $504,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in BrightSphere Investment Group in the 2nd quarter valued at approximately $32,000. Quest Partners LLC acquired a new stake in BrightSphere Investment Group in the 2nd quarter valued at approximately $147,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in BrightSphere Investment Group by 67.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,802 shares of the company’s stock valued at $195,000 after purchasing an additional 3,561 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in BrightSphere Investment Group in the 1st quarter valued at approximately $214,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in BrightSphere Investment Group in the 1st quarter valued at approximately $265,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

BrightSphere Investment Group Trading Up 2.3 %

BrightSphere Investment Group stock opened at $28.03 on Wednesday. The stock has a market cap of $1.04 billion, a P/E ratio of 16.99 and a beta of 1.41. The company has a fifty day simple moving average of $25.07 and a 200-day simple moving average of $23.74. BrightSphere Investment Group Inc. has a 12-month low of $15.79 and a 12-month high of $28.24.

BrightSphere Investment Group (NYSE:BSIG) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $114.95 million. During the same period in the previous year, the company earned $0.45 earnings per share. As a group, sell-side analysts forecast that BrightSphere Investment Group Inc. will post 2.4 earnings per share for the current fiscal year.

BrightSphere Investment Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.01 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.14%. BrightSphere Investment Group’s payout ratio is 2.42%.

Analyst Ratings Changes

Several equities analysts have commented on BSIG shares. StockNews.com upgraded shares of BrightSphere Investment Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their price target on shares of BrightSphere Investment Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Morgan Stanley downgraded shares of BrightSphere Investment Group from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $23.00 to $26.00 in a research note on Friday, October 18th.

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.