18,014 Shares in BrightSphere Investment Group Inc. (NYSE:BSIG) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in shares of BrightSphere Investment Group Inc. (NYSE:BSIG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 18,014 shares of the company’s stock, valued at approximately $458,000.

Several other institutional investors have also recently bought and sold shares of the business. Renaissance Technologies LLC increased its holdings in BrightSphere Investment Group by 297.9% during the 2nd quarter. Renaissance Technologies LLC now owns 154,000 shares of the company’s stock worth $3,414,000 after purchasing an additional 115,300 shares in the last quarter. Maverick Capital Ltd. bought a new stake in BrightSphere Investment Group during the second quarter worth $1,204,000. Impax Asset Management Group plc raised its position in BrightSphere Investment Group by 4.8% in the 3rd quarter. Impax Asset Management Group plc now owns 1,098,818 shares of the company’s stock valued at $27,910,000 after buying an additional 50,000 shares during the last quarter. Quest Partners LLC lifted its stake in BrightSphere Investment Group by 329.0% during the 3rd quarter. Quest Partners LLC now owns 28,459 shares of the company’s stock valued at $723,000 after acquiring an additional 21,825 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in BrightSphere Investment Group during the 2nd quarter worth $1,870,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

Wall Street Analysts Forecast Growth

BSIG has been the subject of several analyst reports. Royal Bank of Canada downgraded shares of BrightSphere Investment Group from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $30.00 to $33.00 in a report on Tuesday, December 10th. StockNews.com upgraded shares of BrightSphere Investment Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Evercore ISI boosted their target price on BrightSphere Investment Group from $28.00 to $31.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Morgan Stanley downgraded BrightSphere Investment Group from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $23.00 to $26.00 in a research report on Friday, October 18th. Finally, BMO Capital Markets restated a “sector perform” rating and issued a $33.00 price objective (up previously from $30.00) on shares of BrightSphere Investment Group in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.75.

BrightSphere Investment Group Price Performance

NYSE:BSIG opened at $30.12 on Monday. The company has a market capitalization of $1.12 billion, a P/E ratio of 18.25 and a beta of 1.45. The business has a fifty day simple moving average of $28.53 and a two-hundred day simple moving average of $25.30. BrightSphere Investment Group Inc. has a 1 year low of $18.09 and a 1 year high of $31.52.

BrightSphere Investment Group (NYSE:BSIG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. The company had revenue of $123.10 million during the quarter, compared to analyst estimates of $114.95 million. BrightSphere Investment Group had a return on equity of 7,606.72% and a net margin of 13.92%. During the same quarter last year, the firm posted $0.45 EPS. As a group, analysts anticipate that BrightSphere Investment Group Inc. will post 2.59 earnings per share for the current year.

BrightSphere Investment Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend is Friday, December 13th. BrightSphere Investment Group’s payout ratio is currently 2.42%.

BrightSphere Investment Group Profile

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.