The most recent Form 13F filing that the Louisiana State Employees Retirement System has made with the Securities and Exchange Commission reveals that during the third quarter of 2018, the fund initiated a new position in BrightSphere Investment Group Inc. (NYSE: BSIG). The investment fund spent approximately 230,000 dollars to purchase 15,400 shares of stock in the company.
Recently, several prominent investors have altered the interests they currently hold in the company due to recent transactions. The value of KBC Group NV’s new holding investment in BrightSphere Investment Group was 53 thousand dollars, and it was made during the second quarter of the year. Point72 Hong Kong Ltd. spent approximately 124,000 dollars to purchase a new BrightSphere Investment Group investment during the fiscal year’s second quarter. There was an investment of approximately $240,000 made by AlphaCrest Capital Management LLC during the first three months of this year to increase its holdings in BrightSphere Investment Group. During the second quarter, Scientist Management LP added approximately 263,000 dollars to its previous investment in BrightSphere Investment Group to bolster its existing shareholding in that company. Last but certainly not least, during the first three months of 2018, Hsbc Holdings PLC increased its stake in BrightSphere Investment Group by 51.3%. During the most recent fiscal quarter, Hsbc Holdings PLC increased its stake in the company by 4,012 shares, bringing its total number of shares owned in the business to 11,832, with a market value of $299,000 (up from 10,780 previously).
BIG shares started the trading day on Friday for $21.15 per share. It has a beta value of 1.58 and a price-to-earnings ratio of 9.84, giving it a market value of $876.33 million. Over the past year, BrightSphere Investment Group Inc. experienced a record low of $14.73 and an all-time high of $26.48. The moving average for the stock over the past 50 days is $19.78, and the moving average over the past 200 days is $18.55, respectively.
On November 3, BrightSphere Investment Group, which trades under the symbol BSIG on the New York Stock Exchange, made public its report on the company’s performance. The company announced that it had earnings per share of $0.30 for the quarter, an increase of $0.03 over the average estimate of $0.27 for the quarterly earnings per share. The company’s sales for the quarter came in at an impressive $86.80 million, which is a significant improvement compared to the consensus projection of $85.89 million. BrightSphere Investment Group was able to achieve a return on equity of 153.15% as well as a net margin of 23.92%. Sell-side analysts forecast that BrightSphere Investment Group Inc. will generate earnings of 1.7 cents per share throughout the current fiscal year.
In addition, the company declared a quarterly dividend, which was paid out on the Friday after December 30 (December 30). On December 16, dividend payments of $0.01 per share were made to shareholders who were recorded as having shares as of that day. These payments were made to shareholders who held shares as of that day. This company declared a quarterly dividend, which was paid on the Friday after December 30 (December 30). On December 16, dividend payments of $0.01 per share were made to shareholders who were recorded as having shares as of that day. These payments were made to shareholders who held shares as of that day. This dividend’s ex-dividend date, which was on December 15, a Thursday, was also the date of the dividend payment itself. Consequently, the yield will be 0.19% each month, and the dividend will be $0.04 each year. The payout ratio for BrightSphere Investment Group is currently sitting at 1.86% as of right now.
Recent commentary on the BSIG stock came from various analysts from various financial institutions. Morgan Stanley upgraded their price target for BrightSphere Investment Group and gave the company an “equal weight” rating in a report that was made public on November 4. The report was about the company’s investment prospects. The price target for BrightSphere Investment Group was increased by the Royal Bank of Canada on Monday, November 7, in a report released that day. The new price target is $23.00, an increase from the previous price target of $21.00. In addition, the company was given an “outperform” rating by the bank, which indicates that the bank believes the company will perform better than its competitors. After receiving a grade of “c” previously, BrightSphere Investment Group was given a rating of “d+” by TheStreet on November 3; this grade is lower than the previous one. StockNews.com released a research report on BrightSphere Investment Group’s shares on Wednesday, October 12. This publication began the website’s coverage of the company’s shares. They recommended that shareholders “hold” their shares of the company.
Asset management is the primary focus of the holding company that goes by BrightSphere Investment Group Inc., which is traded on public markets. When utilizing the services offered by the company, the customers could be individuals or organizations. 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.