BrightSphere Investment Group (NYSE:BSIG – Get Rating) is scheduled to be announcing its earnings results before the market opens on Thursday, February 2nd. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
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BrightSphere Investment Group (NYSE:BSIG – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. BrightSphere Investment Group had a net margin of 23.92% and a negative return on equity of 153.15%. The firm had revenue of $86.80 million for the quarter, compared to analyst estimates of $85.89 million. On average, analysts expect BrightSphere Investment Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
BrightSphere Investment Group Stock Performance
Shares of BSIG opened at $22.34 on Thursday. BrightSphere Investment Group has a twelve month low of $14.73 and a twelve month high of $26.48. The firm’s 50 day moving average price is $20.28 and its two-hundred day moving average price is $18.81. The firm has a market cap of $925.64 million, a P/E ratio of 10.39 and a beta of 1.58.
BrightSphere Investment Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date was Thursday, December 15th. BrightSphere Investment Group’s payout ratio is currently 1.86%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on BSIG. Royal Bank of Canada lifted their price objective on shares of BrightSphere Investment Group from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, November 7th. StockNews.com began coverage on shares of BrightSphere Investment Group in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. TheStreet downgraded shares of BrightSphere Investment Group from a “c” rating to a “d+” rating in a report on Thursday, November 3rd. Finally, Morgan Stanley lifted their price objective on shares of BrightSphere Investment Group from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, January 19th.
Hedge Funds Weigh In On BrightSphere Investment Group
A number of institutional investors have recently added to or reduced their stakes in BSIG. Canada Pension Plan Investment Board acquired a new position in BrightSphere Investment Group during the first quarter worth $9,312,000. Alliancebernstein L.P. increased its holdings in BrightSphere Investment Group by 224.9% during the third quarter. Alliancebernstein L.P. now owns 169,674 shares of the company’s stock worth $2,530,000 after buying an additional 117,443 shares during the last quarter. PEAK6 Investments LLC increased its holdings in BrightSphere Investment Group by 1,361.0% during the first quarter. PEAK6 Investments LLC now owns 104,421 shares of the company’s stock worth $2,532,000 after buying an additional 112,702 shares during the last quarter. Ergoteles LLC acquired a new position in BrightSphere Investment Group during the first quarter worth $2,279,000. Finally, EJF Capital LLC increased its holdings in BrightSphere Investment Group by 459.8% during the first quarter. EJF Capital LLC now owns 111,960 shares of the company’s stock worth $2,715,000 after buying an additional 91,960 shares during the last quarter.
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.
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