Healthcare of Ontario Pension Plan Trust Fund reduced its position in shares of BrightSphere Investment Group Inc. (NYSE:BSIG) by 56.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,000 shares of the company’s stock after selling 112,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in BrightSphere Investment Group were worth $1,697,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Interval Partners LP raised its holdings in BrightSphere Investment Group by 11.0% in the fourth quarter. Interval Partners LP now owns 168,387 shares of the company’s stock valued at $3,247,000 after acquiring an additional 16,752 shares in the last quarter. Principal Financial Group Inc. raised its holdings in BrightSphere Investment Group by 10.2% in the fourth quarter. Principal Financial Group Inc. now owns 542,234 shares of the company’s stock valued at $10,454,000 after acquiring an additional 50,125 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in BrightSphere Investment Group by 7.9% in the fourth quarter. JPMorgan Chase & Co. now owns 222,395 shares of the company’s stock valued at $4,288,000 after acquiring an additional 16,343 shares in the last quarter. SummerHaven Investment Management LLC acquired a new stake in BrightSphere Investment Group in the fourth quarter valued at $635,000. Finally, Squarepoint Ops LLC acquired a new stake in BrightSphere Investment Group in the fourth quarter valued at $678,000. 99.22% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently issued reports on BSIG shares. Credit Suisse Group cut their price target on shares of BrightSphere Investment Group from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, February 5th. Morgan Stanley raised shares of BrightSphere Investment Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $21.00 to $30.00 in a report on Thursday, April 8th. Zacks Investment Research raised shares of BrightSphere Investment Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 7th. Finally, Bank of America upgraded shares of BrightSphere Investment Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $22.00 to $27.00 in a research note on Friday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $23.83.
BrightSphere Investment Group (NYSE:BSIG) last released its quarterly earnings results on Wednesday, February 3rd. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. The business had revenue of $178.80 million during the quarter. BrightSphere Investment Group had a net margin of 20.95% and a return on equity of 80.30%. As a group, research analysts expect that BrightSphere Investment Group Inc. will post 1.72 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Friday, March 12th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, March 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.17%. BrightSphere Investment Group’s dividend payout ratio is currently 2.26%.
In other news, insider Richard Jonathan Hart sold 2,679 shares of the company’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $20.41, for a total transaction of $54,678.39. 25.80% of the stock is currently owned by corporate insiders.
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.
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