Analysts’ Recent Ratings Updates for BrightSphere Investment Group (BSIG)

Several analysts have recently updated their ratings and price targets for BrightSphere Investment Group (NYSE: BSIG):

• 11/12/2024 – BrightSphere Investment Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/7/2024 – BrightSphere Investment Group had its price target raised by analysts at Evercore ISI from $28.00 to $31.00. They now have an “in-line” rating on the stock.
• 11/1/2024 – BrightSphere Investment Group had its price target raised by analysts at Royal Bank of Canada from $28.00 to $30.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – BrightSphere Investment Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/18/2024 – BrightSphere Investment Group was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $26.00 price target on the stock, up previously from $23.00.
• 10/11/2024 – BrightSphere Investment Group had its price target raised by analysts at Royal Bank of Canada from $26.00 to $28.00. They now have an “outperform” rating on the stock.

BrightSphere Investment Group Stock Performance

Shares of BSIG opened at $29.84 on Tuesday. BrightSphere Investment Group Inc. has a one year low of $17.12 and a one year high of $30.49. The stock has a 50-day moving average price of $26.24 and a 200 day moving average price of $24.21. The company has a market capitalization of $1.11 billion, a P/E ratio of 18.08 and a beta of 1.41.

BrightSphere Investment Group (NYSE:BSIG) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The business 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 firm earned $0.45 earnings per share. As a group, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.13%. The ex-dividend date is Friday, December 13th. BrightSphere Investment Group’s dividend payout ratio (DPR) is 2.42%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BSIG. Azora Capital LP lifted its holdings in BrightSphere Investment Group by 10.7% in the third quarter. Azora Capital LP now owns 2,028,358 shares of the company’s stock worth $51,520,000 after purchasing an additional 195,728 shares during the period. Dimensional Fund Advisors LP raised its position in shares of BrightSphere Investment Group by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,126,772 shares of the company’s stock worth $24,980,000 after buying an additional 4,399 shares in the last quarter. Impax Asset Management Group plc lifted its stake in shares of BrightSphere Investment Group by 4.8% in the 3rd 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 period. Jennison Associates LLC boosted its holdings in shares of BrightSphere Investment Group by 25.3% in the third quarter. Jennison Associates LLC now owns 968,936 shares of the company’s stock valued at $24,611,000 after acquiring an additional 195,417 shares in the last quarter. Finally, Denali Advisors LLC increased its stake in shares of BrightSphere Investment Group by 1.9% during the second 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 institutional investors and hedge funds.

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.