BrightSphere Investment Group (NYSE:BSIG) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of BrightSphere Investment Group (NYSE:BSIG – Get Rating) in a report issued on Thursday. The brokerage issued a hold rating on the stock.

Several other equities research analysts have also issued reports on BSIG. Morgan Stanley lifted their price objective on BrightSphere Investment Group from $20.00 to $21.00 and gave the company an equal weight rating in a research note on Monday, February 6th. TheStreet upgraded BrightSphere Investment Group from a d+ rating to a c rating in a report on Thursday, February 2nd.

BrightSphere Investment Group Trading Down 4.5 %

Shares of BSIG opened at $21.73 on Thursday. The company has a market capitalization of $900.71 million, a price-to-earnings ratio of 9.29 and a beta of 1.55. The stock has a 50 day moving average of $23.91 and a 200 day moving average of $20.36. BrightSphere Investment Group has a 12 month low of $14.73 and a 12 month high of $26.88.

BrightSphere Investment Group (NYSE:BSIG – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. BrightSphere Investment Group had a negative return on equity of 132.90% and a net margin of 24.11%. The company had revenue of $122.70 million during the quarter, compared to the consensus estimate of $119.82 million. As a group, equities research analysts predict that BrightSphere Investment Group will post 1.66 earnings per share for the current year.

BrightSphere Investment Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $0.04 annualized dividend and a yield of 0.18%. BrightSphere Investment Group’s dividend payout ratio (DPR) is presently 1.71%.

Institutional Investors Weigh In On BrightSphere Investment Group

Hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its stake in BrightSphere Investment Group by 235.7% during the 4th quarter. Signaturefd LLC now owns 1,645 shares of the company’s stock valued at $34,000 after buying an additional 1,155 shares during the last quarter. Quadrant Capital Group LLC raised its stake in BrightSphere Investment Group by 974.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,974 shares of the company’s stock valued at $82,000 after buying an additional 3,604 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of BrightSphere Investment Group by 12.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,532 shares of the company’s stock worth $68,000 after purchasing an additional 500 shares in the last quarter. Mendota Financial Group LLC purchased a new stake in shares of BrightSphere Investment Group in the 4th quarter worth $116,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of BrightSphere Investment Group by 49.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,904 shares of the company’s stock worth $122,000 after purchasing an additional 1,960 shares in the last quarter.

About BrightSphere Investment Group

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BrightSphere Investment Group, Inc is a holding company, which engages in the provision of asset management services. It also focuses on the development of new business opportunities in domestic and international markets. The firm operates through the following segments: Quant & Solutions, Alternatives and Liquid Alpha.