Natixis Advisors L.P. Boosts Holdings in BrightSphere Investment Group Inc. (NYSE:BSIG)

Posted by Defense World Staff on Sep 3rd, 2023

Natixis Advisors L.P. lifted its stake in BrightSphere Investment Group Inc. (NYSE:BSIG – Free Report) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,658 shares of the company’s stock after purchasing an additional 790 shares during the period. Natixis Advisors L.P. owned 0.21% of BrightSphere Investment Group worth $2,020,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BSIG. AlphaCrest Capital Management LLC purchased a new stake in shares of BrightSphere Investment Group in the 1st quarter worth about $240,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of BrightSphere Investment Group by 11.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,194 shares of the company’s stock worth $732,000 after purchasing an additional 3,100 shares during the period. Sei Investments Co. increased its stake in shares of BrightSphere Investment Group by 9.7% in the 1st quarter. Sei Investments Co. now owns 49,953 shares of the company’s stock worth $1,211,000 after acquiring an additional 4,408 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of BrightSphere Investment Group in the 1st quarter worth about $9,312,000. Finally, Ergoteles LLC bought a new position in shares of BrightSphere Investment Group in the 1st quarter worth about $2,279,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

BrightSphere Investment Group Stock Performance

NYSE:BSIG opened at $21.09 on Friday. The firm has a market cap of $875.45 million, a P/E ratio of 12.48 and a beta of 1.47. BrightSphere Investment Group Inc. has a fifty-two week low of $14.73 and a fifty-two week high of $26.88. The firm has a 50-day simple moving average of $20.91 and a two-hundred day simple moving average of $22.26.

BrightSphere Investment Group (NYSE:BSIG – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The business had revenue of $96.30 million during the quarter, compared to analyst estimates of $93.95 million. BrightSphere Investment Group had a net margin of 18.01% and a negative return on equity of 316.77%. On average, equities research analysts predict that BrightSphere Investment Group Inc. will post 1.68 EPS for the current year.

BrightSphere Investment Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, September 14th. BrightSphere Investment Group’s payout ratio is presently 2.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Morgan Stanley decreased their price target on shares of BrightSphere Investment Group from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Monday, August 7th. Royal Bank of Canada decreased their price target on shares of BrightSphere Investment Group from $27.00 to $26.00 and set an “outperform” rating for the company in a research note on Friday, August 4th. Finally, StockNews.com assumed coverage on shares of BrightSphere Investment Group in a research note on Thursday, August 17th. They issued a “hold” rating for the company.

Read Our Latest Report on BrightSphere Investment Group

BrightSphere Investment Group Company Profile

(Free Report)

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.