Man Group plc boosted its holdings in Brightsphere Investment Group PLC (NYSE:BSIG) by 6.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 171,388 shares of the company’s stock after acquiring an additional 10,587 shares during the period. Man Group plc owned 0.20% of Brightsphere Investment Group worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nuveen Asset Management LLC acquired a new stake in shares of Brightsphere Investment Group during the 2nd quarter worth about $20,420,000. JPMorgan Chase & Co. boosted its stake in shares of Brightsphere Investment Group by 174.3% during the 2nd 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. Citadel Advisors LLC boosted its stake in shares of Brightsphere Investment Group by 57.6% during the 2nd 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. Maverick Capital Ltd. acquired a new stake in shares of Brightsphere Investment Group during the 2nd quarter worth about $4,730,000. Finally, LSV Asset Management boosted its stake in shares of Brightsphere Investment Group by 85.4% during the 2nd quarter. LSV Asset Management now owns 799,559 shares of the company’s stock worth $9,122,000 after purchasing an additional 368,254 shares during the last quarter. 98.47% of the stock is currently owned by hedge funds and other institutional investors.

BSIG opened at $10.29 on Friday. The company’s 50 day simple moving average is $9.78 and its 200 day simple moving average is $10.14. 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 PLC has a 1 year low of $8.40 and a 1 year high of $14.87. The stock has a market capitalization of $887.77 million, a PE ratio of 5.53, a P/E/G ratio of 1.25 and a beta of 1.79.

Brightsphere Investment Group (NYSE:BSIG) last released its earnings results on Tuesday, November 5th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). Brightsphere Investment Group had a return on equity of 228.89% and a net margin of 21.67%. The company had revenue of $197.80 million during the quarter, compared to analyst estimates of $205.68 million. During the same period in the prior year, the business posted $0.46 earnings per share. Brightsphere Investment Group’s revenue was down 14.0% on a year-over-year basis. As a group, sell-side analysts expect that Brightsphere Investment Group PLC will post 1.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.10 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.40 annualized dividend and a dividend yield of 3.89%. Brightsphere Investment Group’s dividend payout ratio is presently 21.51%.

Several equities research analysts have issued reports on BSIG shares. Wells Fargo & Co reaffirmed a “buy” rating on shares of Brightsphere Investment Group in a research note on Monday, December 9th. Zacks Investment Research raised shares of Brightsphere Investment Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Evercore ISI reaffirmed a “hold” rating and set a $11.00 price target on shares of Brightsphere Investment Group in a research note on Monday, November 11th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $16.00 price target on shares of Brightsphere Investment Group in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.79.

About Brightsphere Investment Group

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.

Further Reading: Moving Average Convergence Divergence (MACD)

Want to see what other hedge funds are holding BSIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brightsphere Investment Group PLC (NYSE:BSIG).

Institutional Ownership by Quarter for Brightsphere Investment Group (NYSE:BSIG)

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.