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. “
Several other research firms also recently weighed in on BSIG. Credit Suisse Group restated a “buy” rating and set a $16.00 price objective on shares of Brightsphere Investment Group in a report on Wednesday, September 11th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Brightsphere Investment Group in a research note on Tuesday, November 5th. Finally, Evercore ISI reiterated a “hold” rating and set a $11.00 price objective on shares of Brightsphere Investment Group in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Brightsphere Investment Group currently has a consensus rating of “Hold” and a consensus target price of $13.79.
NYSE BSIG opened at $9.42 on Monday. The company has a market cap of $829.22 million, a price-to-earnings ratio of 5.06, a P/E/G ratio of 1.16 and a beta of 1.79. Brightsphere Investment Group has a 52 week low of $8.40 and a 52 week high of $14.87. The business has a 50 day moving average price of $9.68 and a 200-day moving average price of $10.23. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.62.
Brightsphere Investment Group (NYSE:BSIG) last issued its earnings results on Tuesday, November 5th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $197.80 million during the quarter, compared to the consensus estimate of $205.68 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. Brightsphere Investment Group’s revenue for the quarter was down 14.0% on a year-over-year basis. On average, equities research analysts anticipate that Brightsphere Investment Group will post 1.73 earnings per share for the current year.
Several institutional investors have recently modified their holdings of BSIG. Nisa Investment Advisors LLC purchased a new position in shares of Brightsphere Investment Group during the second quarter valued at approximately $57,000. Robeco Institutional Asset Management B.V. lifted its stake in Brightsphere Investment Group by 48.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 441,725 shares of the company’s stock valued at $5,040,000 after acquiring an additional 144,384 shares in the last quarter. Rothschild & Co. Asset Management US Inc. boosted its holdings in Brightsphere Investment Group by 1.2% during the 2nd 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 last quarter. SG Americas Securities LLC boosted its holdings in Brightsphere Investment Group by 19.0% during the 2nd quarter. SG Americas Securities LLC now owns 10,739 shares of the company’s stock worth $123,000 after acquiring an additional 1,717 shares during the last quarter. Finally, Velanne Asset Management Ltd boosted its holdings in Brightsphere Investment Group by 1.6% during the 2nd quarter. Velanne Asset Management Ltd now owns 533,856 shares of the company’s stock worth $6,091,000 after acquiring an additional 8,534 shares during the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.
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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