According to the most recent 13F filing that Royce & Associates L.P. submitted with the Securities and Exchange Commission (SEC), the firm’s holdings in BrightSphere Investment Group Inc. (NYSE: BSIG) were reduced by 73.5% during the third quarter.
After selling 202,891 shares of the company’s stock during the quarter, the institutional investor now has 73,273 shares in their portfolio.
According to the most recent information that Royce & Associates L.P. has provided to the Securities and Exchange Commission, the firm owned approximately 0.18 percent of BrightSphere Investment Group. When this information was made public, the value of this holding was reported to be $1,093,000. (SEC).
Several additional institutional investors have modified the percentage of the company’s shares they own due to these changes. Victory Capital Management Inc.
Increased the proportion of BrightSphere Investment Group stock owned by 6.7% during the third quarter of 2018.
In the most recent fiscal quarter, Victory Capital Management Inc.
Increased the number of shares it owned in the company by 1,176, bringing the total number of shares it held in the company to 18,669; the total value of these shares comes to $278,000 (up from 17,669 at the previous reporting date). Great West Life Assurance Company of Canada made a new investment in BrightSphere Investment Group for $501,000 during the third quarter of the fiscal year.
During the third quarter, Jennison Associates LLC expanded its portfolio of investments by purchasing an additional 4.9% worth of shares in BrightSphere Investment Group. Jennison Associates LLC now has a total of 1,128,897 shares of the company’s stock, which are worth a combined total of $16,832,000 after the company made an additional purchase of 52,940 shares during the most recent quarter. Robeco Institutional Asset Management B.V.
Increased the amount of BrightSphere Investment Group that it owns in the company by 6.8% during the third quarter of the fiscal year. Robeco Institutional Asset Management B.V. now has 29,054 shares after purchasing an additional 1,846 in the most recent quarter. The company’s stock is currently valued at $434,000 because Robeco Institutional Asset Management B.V. owns all the shares.
Allspring Global Investments Holdings LLC increased its shareholding in BrightSphere Investment Group by 37.2% during its third fiscal quarter.
Allspring Global Investments Holdings LLC now has a total of 8,400 shares in the company, which are worth a combined total of $125,000 after purchasing an additional 2,277 shares during the preceding quarter.
Allspring Global Investments Holdings LLC purchased these shares.
Numerous academic investigations, with BSIG serving as the primary focus of each one, have been carried out. On Wednesday, October 12, StockNews.com began following BrightSphere Investment Group and advised investors to “keep” their current position in the company’s stock.
In addition, the website recommended that investors “keep” their position in the company’s stock. The target price for BrightSphere Investment Group was increased by the Royal Bank of Canada on Monday, November 7, in a research note posted online on that day. The new price target is $23.00, up from $21.00 previously.
BrightSphere Investment Group also received a rating of “outperform” from the financial institution.
In a research note distributed on Thursday, January 19, Morgan Stanley upgraded BrightSphere Investment Group from an “equal weight” rating to an “overweight” rating. Their target price on the stock was also raised from $19.00 to $20.00. TheStreet lowered its rating for BrightSphere Investment Group from a “c” rating to a “d+” rating in a research report published on Thursday, November 3.
On Thursday, the price of a share of BSIG stock was $22.34, which was unchanged from the previous day. The business’s market capitalization is reported to be at $925.55 million, while its P.E. ratio is 10.39 and its beta is 1.58. The stock has been trading at $18.81 on average over the past 200 days, while its moving average price over the past 50 days is $20.28. Over the past 52 weeks, the share price of BrightSphere Investment Group Inc. has moved in a range that extends from a low of $14.73 to a high of $26.48.
On November 3, the most recent quarterly earnings report for BrightSphere Investment Group, traded on the NYSE under the symbol BSIG, was made public. The company reported earnings per share for the quarter of $0.30, which was $0.03 higher than the consensus estimate from analysts, who had predicted earnings per share of $0.27.
In contrast to the general opinion of $85.89 million in sales for the period, the actual amount that the company brought in was $86.80 million.
BrightSphere Investment Group had a net margin of 23.92%, but its return on equity was 153.15% lower than its industry’s average return on equity.
BrightSphere Investment Group Inc.
Is expected to generate a profit of $1.71 per share for the current fiscal year, as stated by financial analysts’ projections.
In addition, the company announced the payment of a quarterly dividend, which was disbursed the next day, on December 30. On Friday, December 16, a dividend payment of $0.01 was made to stockholders who still possessed their shares as of that day. The dividend payment was made to stockholders who still owned their shares. This dividend’s ex-dividend date, which was on December 15, a Thursday, was also the date of the dividend payment itself. When the dividend is calculated on an annualized basis, this results in a yield of 0.18% and a dividend payout of $0.04 per share.
At this moment, the dividend payout ratio for BrightSphere Investment Group is sitting at 1.86%.
BrightSphere Investment Group Inc.
Is the name of a publicly traded holding corporation that specializes in asset management.
Individuals, in addition to organizations, can take advantage of the company’s services.
It does this by managing a variety of client-focused portfolios through its subsidiaries. These portfolios are managed individually.
Additionally, the company gives its customers access to equity mutual funds, which is a useful investment option.
It does this by investing in the public stock market, the fixed-income market, and the alternative investment market through its subsidiaries.
Leave a Comment