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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 brokerages have also recently weighed in on BSIG. Credit Suisse Group reiterated a “buy” rating and issued a $16.00 price objective on shares of Brightsphere Investment Group in a research note on Wednesday, September 11th. Morgan Stanley reduced their price objective on Brightsphere Investment Group from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Finally, Wells Fargo & Co reiterated 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 assigned a hold rating and three have given a buy rating to the stock. Brightsphere Investment Group currently has a consensus rating of “Hold” and a consensus price target of $14.25.
NYSE BSIG traded up $0.06 on Thursday, reaching $10.16. The stock had a trading volume of 347,532 shares, compared to its average volume of 600,573. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.63 and a current ratio of 0.63. Brightsphere Investment Group has a 12-month low of $8.40 and a 12-month high of $14.87. The business’s 50-day moving average price is $9.73 and its 200 day moving average price is $10.76. The stock has a market cap of $910.03 million, a P/E ratio of 5.46, a price-to-earnings-growth ratio of 1.26 and a beta of 1.84.
Brightsphere Investment Group (NYSE:BSIG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.02). Brightsphere Investment Group had a net margin of 21.67% and a return on equity of 228.89%. The firm had revenue of $197.80 million during the quarter, compared to analysts’ expectations of $205.68 million. During the same quarter in the prior year, the firm posted $0.46 EPS. Brightsphere Investment Group’s quarterly revenue was down 14.0% compared to the same quarter last year. On average, sell-side analysts predict that Brightsphere Investment Group will post 1.73 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Brightsphere Investment Group by 174.3% during the second quarter. JPMorgan Chase & Co. now owns 2,603,882 shares of the company’s stock worth $28,929,000 after purchasing an additional 1,654,493 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Brightsphere Investment Group during the second quarter worth approximately $20,420,000. Citadel Advisors LLC raised its stake in shares of Brightsphere Investment Group by 57.6% during the second quarter. Citadel Advisors LLC now owns 1,549,660 shares of the company’s stock worth $17,681,000 after purchasing an additional 566,370 shares during the last quarter. Vanguard Group Inc. grew its holdings in Brightsphere Investment Group by 13.6% during the second quarter. Vanguard Group Inc. now owns 1,218,642 shares of the company’s stock worth $13,904,000 after acquiring an additional 145,430 shares during the period. Finally, Rothschild & Co. Asset Management US Inc. grew its holdings in Brightsphere Investment Group by 1.2% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 993,825 shares of the company’s stock worth $11,340,000 after acquiring an additional 11,775 shares during the period. Institutional investors and hedge funds own 1.98% of the company’s stock.
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.
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