Analysts Set BrightSphere Investment Group Inc. (NYSE:BSIG) Target Price at $30.50

Shares of BrightSphere Investment Group Inc. (NYSE:BSIG) have earned a consensus rating of “Reduce” from the four ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $30.50.

A number of equities analysts have issued reports on the stock. Royal Bank of Canada cut shares of BrightSphere Investment Group from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $30.00 to $33.00 in a research report on Tuesday, December 10th. StockNews.com upgraded BrightSphere Investment Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets reiterated a “sector perform” rating and issued a $33.00 price objective (up previously from $30.00) on shares of BrightSphere Investment Group in a report on Tuesday, December 10th. Evercore ISI boosted their target price on BrightSphere Investment Group from $28.00 to $31.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley dropped their price target on BrightSphere Investment Group from $26.00 to $25.00 and set an “underweight” rating for the company in a research note on Friday, December 20th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its holdings in shares of BrightSphere Investment Group by 2,397.6% during the third quarter. Blue Trust Inc. now owns 3,122 shares of the company’s stock valued at $79,000 after purchasing an additional 2,997 shares during the last quarter. Point72 Asset Management L.P. bought a new position in BrightSphere Investment Group during the 3rd quarter valued at approximately $89,000. Quest Partners LLC bought a new position in BrightSphere Investment Group during the 2nd quarter valued at approximately $147,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in BrightSphere Investment Group by 67.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,802 shares of the company’s stock valued at $195,000 after buying an additional 3,561 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in BrightSphere Investment Group in the third quarter worth $213,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

BrightSphere Investment Group Price Performance

The stock has a fifty day simple moving average of $29.00 and a two-hundred day simple moving average of $25.74. BrightSphere Investment Group has a one year low of $18.09 and a one year high of $31.52. The company has a market capitalization of $982.96 million, a P/E ratio of 15.96 and a beta of 1.45.

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

BrightSphere Investment Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of ∞. The ex-dividend date of this dividend was Friday, December 13th. BrightSphere Investment Group’s dividend payout ratio is currently 2.42%.

About BrightSphere Investment Group

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.