Barclays PLC Increases Stock Holdings in BrightSphere Investment Group Inc. (NYSE:BSIG)

Barclays PLC increased its stake in BrightSphere Investment Group Inc. (NYSE:BSIG) by 180.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 66,754 shares of the company’s stock after purchasing an additional 42,989 shares during the quarter. Barclays PLC owned approximately 0.18% of BrightSphere Investment Group worth $1,695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in shares of BrightSphere Investment Group by 297.9% in the second quarter. Renaissance Technologies LLC now owns 154,000 shares of the company’s stock worth $3,414,000 after purchasing an additional 115,300 shares in the last quarter. Maverick Capital Ltd. bought a new position in BrightSphere Investment Group in the 2nd quarter worth $1,204,000. Verition Fund Management LLC purchased a new position in BrightSphere Investment Group in the 3rd quarter worth approximately $213,000. Impax Asset Management Group plc boosted 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 during the last quarter. Finally, Quest Partners LLC grew its stake in BrightSphere Investment Group by 329.0% during the third quarter. Quest Partners LLC now owns 28,459 shares of the company’s stock valued at $723,000 after acquiring an additional 21,825 shares in the last quarter. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

BrightSphere Investment Group Price Performance

BrightSphere Investment Group stock opened at $26.90 on Friday. The firm has a market capitalization of $1.00 billion, a P/E ratio of 16.30 and a beta of 1.45. The company’s 50-day moving average is $28.98 and its 200 day moving average is $25.64. BrightSphere Investment Group Inc. has a 1-year low of $18.09 and a 1-year high of $31.52.

BrightSphere Investment Group (NYSE:BSIG) last announced its quarterly earnings data 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. The company had revenue of $123.10 million during the quarter, compared to analyst estimates of $114.95 million. BrightSphere Investment Group had a net margin of 13.92% and a return on equity of 7,606.72%. During the same quarter last year, the business posted $0.45 EPS. Research analysts anticipate that BrightSphere Investment Group Inc. will post 2.59 earnings per share for the current fiscal year.

BrightSphere Investment Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend was Friday, December 13th. BrightSphere Investment Group’s dividend payout ratio (DPR) is presently 2.42%.

Wall Street Analysts Forecast Growth

Several analysts have commented on BSIG shares. BMO Capital Markets reiterated a “sector perform” rating and issued a $33.00 price target (up previously from $30.00) on shares of BrightSphere Investment Group in a research note on Tuesday, December 10th. Royal Bank of Canada lowered shares of BrightSphere Investment Group from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $30.00 to $33.00 in a research report on Tuesday, December 10th. Morgan Stanley reduced their target price on shares of BrightSphere Investment Group from $26.00 to $25.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. Evercore ISI upped their target price on shares of BrightSphere Investment Group from $28.00 to $31.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded BrightSphere Investment Group from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BrightSphere Investment Group currently has a consensus rating of “Hold” and a consensus target price of $30.50.

BrightSphere Investment Group 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.