Linden Thomas Advisory Services LLC Boosts Stock Position in BrightSphere Investment Group Inc. (NYSE:BSIG)

Linden Thomas Advisory Services LLC grew its holdings in shares of BrightSphere Investment Group Inc. (NYSE:BSIG) by 20.8% in the 4th quarter, HoldingsChannel reports. The firm owned 12,600 shares of the company’s stock after acquiring an additional 2,171 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in BrightSphere Investment Group were worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in BSIG. New York State Common Retirement Fund grew its position in BrightSphere Investment Group by 27.5% during the fourth quarter. New York State Common Retirement Fund now owns 42,278 shares of the company’s stock valued at $810,000 after buying an additional 9,111 shares during the period. Jennison Associates LLC increased its stake in shares of BrightSphere Investment Group by 23.0% during the 4th quarter. Jennison Associates LLC now owns 587,073 shares of the company’s stock worth $11,248,000 after purchasing an additional 109,648 shares during the last quarter. DGS Capital Management LLC raised its holdings in shares of BrightSphere Investment Group by 49.2% in the 4th quarter. DGS Capital Management LLC now owns 20,035 shares of the company’s stock worth $384,000 after purchasing an additional 6,603 shares during the period. Louisiana State Employees Retirement System purchased a new position in BrightSphere Investment Group in the fourth quarter valued at approximately $310,000. Finally, Impax Asset Management Group plc grew its holdings in BrightSphere Investment Group by 10.5% during the fourth quarter. Impax Asset Management Group plc now owns 1,048,818 shares of the company’s stock valued at $20,095,000 after purchasing an additional 100,000 shares during the period. 98.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BrightSphere Investment Group

In related news, CEO Suren Rana sold 109,960 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $20.74, for a total value of $2,280,570.40. Following the sale, the chief executive officer now owns 130,967 shares in the company, valued at $2,716,255.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 24.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on BSIG shares. Morgan Stanley boosted their target price on BrightSphere Investment Group from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 19th. Royal Bank of Canada restated an “outperform” rating and issued a $24.00 price objective on shares of BrightSphere Investment Group in a research note on Friday, February 2nd. Finally, TheStreet upgraded shares of BrightSphere Investment Group from a “d+” rating to a “c-” rating in a research note on Thursday, January 25th.

BrightSphere Investment Group Stock Performance

Shares of NYSE BSIG opened at $22.59 on Friday. The stock has a fifty day moving average of $22.69 and a 200-day moving average of $20.10. The stock has a market cap of $863.16 million, a PE ratio of 14.57 and a beta of 1.49. BrightSphere Investment Group Inc. has a fifty-two week low of $15.23 and a fifty-two week high of $23.63.

BrightSphere Investment Group (NYSE:BSIG) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.19. The company had revenue of $131.20 million during the quarter, compared to analyst estimates of $127.57 million. BrightSphere Investment Group had a net margin of 15.42% and a return on equity of 400.00%. On average, sell-side analysts predict that BrightSphere Investment Group Inc. will post 2.18 EPS for the current year.

About BrightSphere Investment Group

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.