BrightSphere Investment Group (NYSE:BSIG) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of BrightSphere Investment Group (NYSE:BSIG) in a report issued on Monday. The brokerage set a “buy” rating on the stock.

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

BrightSphere Investment Group Stock Performance

The stock has a market capitalization of $982.96 million, a PE ratio of 15.96 and a beta of 1.45. BrightSphere Investment Group has a 52 week low of $18.09 and a 52 week high of $31.52. The company has a fifty day moving average price of $29.00 and a 200 day moving average price of $25.74.

BrightSphere Investment Group (NYSE:BSIG) last issued 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. BrightSphere Investment Group had a net margin of 13.92% and a return on equity of 7,606.72%. The company had revenue of $123.10 million for the quarter, compared to the consensus estimate of $114.95 million. During the same period last year, the firm posted $0.45 EPS. Equities analysts predict that BrightSphere Investment Group will post 2.59 EPS for the current year.

Institutional Trading of BrightSphere Investment Group

Several large investors have recently bought and sold shares of the company. DGS Capital Management LLC grew its position in BrightSphere Investment Group by 2.6% during the third quarter. DGS Capital Management LLC now owns 25,153 shares of the company’s stock valued at $639,000 after acquiring an additional 646 shares during the period. Creative Planning lifted its stake in shares of BrightSphere Investment Group by 7.6% in the 2nd quarter. Creative Planning now owns 17,553 shares of the company’s stock valued at $389,000 after purchasing an additional 1,235 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of BrightSphere Investment Group by 3.4% during the 3rd 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 period. New York State Teachers Retirement System increased its position in 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 purchasing an additional 2,565 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in BrightSphere Investment Group by 5.6% in the second 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 during the period. Institutional investors and hedge funds own 98.69% of the company’s stock.

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.