According to Zacks, “BrightSphere Investment Group plc is a diversified multi-boutique asset management company. The Company focuses on equities and fixed income portfolios, as well as investments in timber and real estate sectors. BrightSphere Investment Group plc, formerly known as OM Asset Management plc, is based in London, United Kingdom. “
A number of other research firms have also recently issued reports on BSIG. Morgan Stanley dropped their price target on shares of Brightsphere Investment Group from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Credit Suisse Group reissued a “buy” rating and issued a $16.00 price target on shares of Brightsphere Investment Group in a research note on Wednesday, September 11th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Brightsphere Investment Group in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.25.
Shares of NYSE BSIG traded up $0.06 during midday trading on Thursday, reaching $10.16. 347,532 shares of the stock were exchanged, compared to its average volume of 600,573. The firm has a market cap of $910.03 million, a price-to-earnings ratio of 5.46, a PEG ratio of 1.26 and a beta of 1.84. Brightsphere Investment Group has a twelve month low of $8.40 and a twelve month high of $14.87. The firm has a 50-day simple moving average of $9.73 and a two-hundred day simple moving average of $10.76. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.62.
Brightsphere Investment Group (NYSE:BSIG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The firm had revenue of $197.80 million for the quarter, compared to analyst estimates of $205.68 million. Brightsphere Investment Group had a return on equity of 228.89% and a net margin of 21.67%. Brightsphere Investment Group’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. Research analysts expect that Brightsphere Investment Group will post 1.73 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC lifted its holdings in Brightsphere Investment Group by 8.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 16,602 shares of the company’s stock valued at $189,000 after purchasing an additional 1,236 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Brightsphere Investment Group by 19.0% in the 2nd quarter. SG Americas Securities LLC now owns 10,739 shares of the company’s stock valued at $123,000 after purchasing an additional 1,717 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Brightsphere Investment Group in the 2nd quarter valued at $34,000. Bogle Investment Management L P DE lifted its holdings in Brightsphere Investment Group by 1.3% in the 2nd quarter. Bogle Investment Management L P DE now owns 245,396 shares of the company’s stock valued at $2,800,000 after purchasing an additional 3,040 shares in the last quarter. Finally, Weiss Asset Management LP lifted its holdings in Brightsphere Investment Group by 27.2% in the 2nd quarter. Weiss Asset Management LP now owns 14,334 shares of the company’s stock valued at $164,000 after purchasing an additional 3,063 shares in the last quarter. 1.98% of the stock is currently owned by hedge funds and other institutional investors.
Brightsphere Investment Group Company Profile
BrightSphere Investment Group plc 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.
Recommended Story: Most Volatile Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Brightsphere Investment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brightsphere Investment Group and related companies with MarketBeat.com's FREE daily email newsletter.