According to Zacks, “BrightSphere Investment Group plc is a diversified multi-store asset management company. The company focuses on equity and fixed income portfolios, as well as investments in the timber and real estate sectors. BrightSphere Investment Group plc, formerly known as OM Asset Management plc, is based in London, United Kingdom. “
Other stock analysts have also recently published research reports on the stock. Morgan Stanley raised its price target for BrightSphere Investment Group shares from $ 29 to $ 30.00 and rated the stock “overweight” in a report released on Friday, July 30. Evercore ISI reaffirmed a “hold” rating and set a price target of $ 26.00 on BrightSphere Investment Group shares in a research note on Friday August 6. Finally, TheStreet raised BrightSphere Investment Group shares from a “c” rating to a “b” rating in a research report released on Thursday, July 29. Three equity research analysts rated the stock with a conservation rating and three gave the stock a buy rating. Based on MarketBeat data, the stock currently has a consensus rating of “Buy” and an average target price of $ 25.08.
BSIG shares traded down $ 0.12 at midday on Wednesday, reaching $ 26.04. The company had a trading volume of 464,801 shares, compared to its average volume of 447,982. The company’s 50-day simple moving average is $ 26.29 and its 200-day simple moving average is 23. , $ 79. BrightSphere Investment Group has a one-year low at $ 12.58 and a one-year high at $ 27.68. The stock has a market cap of $ 2.07 billion, a PE ratio of 2.70 and a beta of 1.69.
BrightSphere Investment Group (NYSE: BSIG) last released its quarterly results on Wednesday, July 28. The company reported EPS of $ 0.40 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.34 of $ 0.06. The company reported sales of $ 133.30 million for the quarter. BrightSphere Investment Group had a net margin of 127.04% and a return on equity of 29.50%. Research analysts predict BrightSphere Investment Group will post earnings per share of 1.39 for the current year.
A number of large investors have recently increased or reduced their holdings in BSIG. Point72 Hong Kong Ltd increased its stake in BrightSphere Investment Group by 59.0% in the first quarter. Point72 Hong Kong Ltd now owns 1,590 shares of the company valued at $ 32,000 after purchasing an additional 590 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in BrightSphere Investment Group during the first quarter for a value of approximately $ 38,000. PNC Financial Services Group Inc. increased its stake in BrightSphere Investment Group by 57.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,012 shares of the company valued at $ 46,000 after acquiring an additional 732 shares during the period. Pinz Capital Management LP purchased a new stake in BrightSphere Investment Group during the second quarter valued at $ 91,000. Finally, the Royal Bank of Canada increased its position in BrightSphere Investment Group by 202.7% in the second quarter. Royal Bank of Canada now owns 3,971 shares of the company valued at $ 93,000 after purchasing an additional 2,659 shares in the last quarter. 98.70% of the shares are currently held by hedge funds and other institutional investors.
About BrightSphere Investment Group
BrightSphere Investment Group, Inc is a holding company which provides asset management services. It also focuses on developing new business opportunities in national and international markets. The company operates through the following segments: Quant & Solutions, Alternatives and Liquid Alpha.
See also: Initial Coin Offering (ICO)
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