HRT Financial LP acquired a new position in shares of BrightSphere Investment Group Inc. (NYSE:BSIG – Get Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,207 shares of the company’s stock, valued at approximately $333,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC grew its holdings in BrightSphere Investment Group by 18.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 6,430 shares of the company’s stock valued at $96,000 after buying an additional 1,004 shares during the period. Tudor Investment Corp Et Al purchased a new stake in BrightSphere Investment Group in the 3rd quarter valued at about $387,000. Robeco Institutional Asset Management B.V. grew its holdings in BrightSphere Investment Group by 6.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 29,054 shares of the company’s stock valued at $434,000 after buying an additional 1,846 shares during the period. Aurora Investment Counsel lifted its stake in shares of BrightSphere Investment Group by 1.6% in the 3rd quarter. Aurora Investment Counsel now owns 64,223 shares of the company’s stock valued at $958,000 after purchasing an additional 1,016 shares in the last quarter. Finally, North Reef Capital Management LP lifted its stake in shares of BrightSphere Investment Group by 25.6% in the 3rd quarter. North Reef Capital Management LP now owns 563,768 shares of the company’s stock valued at $8,406,000 after purchasing an additional 114,816 shares in the last quarter.
Analysts Set New Price Targets
BSIG has been the topic of several research analyst reports. StockNews.com lowered BrightSphere Investment Group from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Morgan Stanley lifted their price objective on BrightSphere Investment Group from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, April 14th. Finally, TheStreet lowered BrightSphere Investment Group from a “c” rating to a “d+” rating in a research note on Thursday, May 4th.
BrightSphere Investment Group Stock Performance
BrightSphere Investment Group (NYSE:BSIG – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $91.80 million for the quarter, compared to analyst estimates of $93.20 million. BrightSphere Investment Group had a negative return on equity of 179.03% and a net margin of 22.38%. On average, analysts forecast that BrightSphere Investment Group Inc. will post 1.69 earnings per share for the current fiscal year.
BrightSphere Investment Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Thursday, June 15th. BrightSphere Investment Group’s payout ratio is 1.91%.
About BrightSphere Investment Group
BrightSphere Investment Group, Inc is a holding company, which engages in the provision of asset management services. It operates through the Quant and Solutions segment. The Quant and Solutions segment involves leveraging data and technology in a computational, factor-based investment process across a range of asset classes and geographies, including Global, non-U.S., emerging markets, and managed volatility equities, as well as multi-asset products.
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