State of Alaska Department of Revenue Has $402,000 Holdings in BrightSphere Investment Group Inc. (NYSE:BSIG)

State of Alaska Department of Revenue decreased its position in shares of BrightSphere Investment Group Inc. (NYSE:BSIG) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,865 shares of the company’s stock after selling 1,430 shares during the quarter. State of Alaska Department of Revenue’s holdings in BrightSphere Investment Group were worth $402,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Texas Permanent School Fund Corp boosted its holdings in shares of BrightSphere Investment Group by 3.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 28,335 shares of the company’s stock valued at $647,000 after acquiring an additional 924 shares in the last quarter. Creative Planning raised its position in BrightSphere Investment Group by 7.6% in the second quarter. Creative Planning now owns 17,553 shares of the company’s stock valued at $389,000 after purchasing an additional 1,235 shares during the last quarter. Gladius Capital Management LP acquired a new stake in shares of BrightSphere Investment Group during the second quarter valued at about $32,000. Assenagon Asset Management S.A. grew its holdings in shares of BrightSphere Investment Group by 3.4% during the third quarter. Assenagon Asset Management S.A. now owns 55,574 shares of the company’s stock worth $1,412,000 after purchasing an additional 1,805 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in shares of BrightSphere Investment Group by 9.9% in the second quarter. Linden Thomas Advisory Services LLC now owns 20,960 shares of the company’s stock valued at $465,000 after buying an additional 1,889 shares during the period. 98.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on BSIG. StockNews.com upgraded shares of BrightSphere Investment Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Morgan Stanley downgraded BrightSphere Investment Group from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $23.00 to $26.00 in a report on Friday, October 18th. Royal Bank of Canada lifted their target price on BrightSphere Investment Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Evercore ISI upped their price target on BrightSphere Investment Group from $28.00 to $31.00 and gave the company an “in-line” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, BrightSphere Investment Group currently has an average rating of “Hold” and a consensus price target of $29.00.

BrightSphere Investment Group Stock Down 0.2 %

Shares of BSIG stock opened at $29.25 on Friday. The firm has a 50 day moving average of $25.39 and a 200-day moving average of $23.86. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 17.73 and a beta of 1.41. BrightSphere Investment Group Inc. has a 52 week low of $15.79 and a 52 week high of $30.35.

BrightSphere Investment Group (NYSE:BSIG) last issued 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. 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 period last year, the business posted $0.45 EPS. Analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.14%. BrightSphere Investment Group’s payout ratio is 2.42%.

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.