Barclays PLC Buys 42,989 Shares of BrightSphere Investment Group Inc. (NYSE:BSIG)

Barclays PLC raised its position in BrightSphere Investment Group Inc. (NYSE:BSIG) by 180.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 66,754 shares of the company’s stock after acquiring an additional 42,989 shares during the quarter. Barclays PLC’s holdings in BrightSphere Investment Group were worth $1,695,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning grew its holdings in shares of BrightSphere Investment Group by 7.6% during the second quarter. Creative Planning now owns 17,553 shares of the company’s stock valued at $389,000 after buying an additional 1,235 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of BrightSphere Investment Group by 3.4% in the third quarter. Assenagon Asset Management S.A. now owns 55,574 shares of the company’s stock valued at $1,412,000 after buying an additional 1,805 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of BrightSphere Investment Group by 24.3% during the 3rd quarter. New York State Teachers Retirement System now owns 13,132 shares of the company’s stock worth $334,000 after buying an additional 2,565 shares during the period. American Century Companies Inc. lifted its position in shares of BrightSphere Investment Group by 5.6% during the 2nd quarter. American Century Companies Inc. now owns 50,729 shares of the company’s stock valued at $1,125,000 after buying an additional 2,693 shares in the last quarter. Finally, Denali Advisors LLC grew its stake in BrightSphere Investment Group by 1.9% in the 2nd quarter. Denali Advisors LLC now owns 160,000 shares of the company’s stock valued at $3,547,000 after acquiring an additional 2,909 shares during the period. 98.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

BrightSphere Investment Group Trading Down 1.7 %

NYSE:BSIG opened at $26.90 on Friday. BrightSphere Investment Group Inc. has a 12-month low of $18.09 and a 12-month high of $31.52. The firm has a market cap of $1.00 billion, a PE ratio of 16.30 and a beta of 1.45. The stock has a fifty day moving average price of $28.98 and a 200 day moving average price of $25.64.

BrightSphere Investment Group (NYSE:BSIG) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.07. The business had revenue of $123.10 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $0.45 EPS. Equities analysts forecast that BrightSphere Investment Group Inc. will post 2.59 EPS for the current year.

BrightSphere Investment Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.04 annualized dividend and a yield of 0.15%. BrightSphere Investment Group’s dividend payout ratio is currently 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.