Bowling Portfolio Management LLC purchased a new stake in shares of Brightsphere Investment Group PLC (NYSE:BSIG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,275 shares of the company’s stock, valued at approximately $262,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BSIG. Goldman Sachs Group Inc. lifted its stake in shares of Brightsphere Investment Group by 578.2% during the second quarter. Goldman Sachs Group Inc. now owns 2,083,862 shares of the company’s stock valued at $25,965,000 after acquiring an additional 1,776,606 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Brightsphere Investment Group by 147.4% during the second quarter. Assenagon Asset Management S.A. now owns 913,066 shares of the company’s stock valued at $11,377,000 after acquiring an additional 543,966 shares during the period. Azora Capital LP acquired a new position in shares of Brightsphere Investment Group during the second quarter valued at $6,569,000. Schonfeld Strategic Advisors LLC lifted its stake in shares of Brightsphere Investment Group by 125.4% during the second quarter. Schonfeld Strategic Advisors LLC now owns 937,034 shares of the company’s stock valued at $11,676,000 after acquiring an additional 521,262 shares during the period. Finally, Balyasny Asset Management LLC acquired a new position in shares of Brightsphere Investment Group during the second quarter valued at $6,475,000. 99.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of Brightsphere Investment Group stock opened at $15.80 on Friday. Brightsphere Investment Group PLC has a 1 year low of $3.61 and a 1 year high of $15.94. The business has a 50-day moving average of $13.62 and a two-hundred day moving average of $10.89. The company has a market capitalization of $1.27 billion, a P/E ratio of 7.05, a price-to-earnings-growth ratio of 2.99 and a beta of 1.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.37 and a quick ratio of 0.72.

Brightsphere Investment Group (NYSE:BSIG) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05. The company had revenue of $174.70 million during the quarter. Brightsphere Investment Group had a return on equity of 110.07% and a net margin of 25.53%. On average, equities analysts anticipate that Brightsphere Investment Group PLC will post 1.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.25%. Brightsphere Investment Group’s payout ratio is presently 2.26%.

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods upgraded Brightsphere Investment Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $14.00 to $18.50 in a report on Tuesday, July 28th. Morgan Stanley upped their price objective on Brightsphere Investment Group from $15.00 to $15.50 and gave the company an “equal weight” rating in a report on Friday, October 9th. ValuEngine upgraded Brightsphere Investment Group from a “strong sell” rating to a “sell” rating in a report on Wednesday. Credit Suisse Group upped their price objective on Brightsphere Investment Group from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Bank of America upgraded Brightsphere Investment Group from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $12.00 to $16.00 in a report on Wednesday, July 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $15.94.

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.

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

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