Fmr LLC Lowers Holdings in Brightsphere Investment Group PLC (NYSE:BSIG)

FMR LLC cut its position in Brightsphere Investment Group PLC (NYSE:BSIG) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,159,526 shares of the company’s stock after selling 1,463,550 shares during the period. FMR LLC owned about 8.32% of Brightsphere Investment Group worth $124,203,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quantamental Technologies LLC acquired a new stake in shares of Brightsphere Investment Group during the 1st quarter worth about $46,000. Convergence Investment Partners LLC bought a new stake in shares of Brightsphere Investment Group during the 1st quarter valued at approximately $109,000. SG Americas Securities LLC bought a new stake in shares of Brightsphere Investment Group during the 1st quarter valued at approximately $122,000. Amalgamated Bank bought a new stake in shares of Brightsphere Investment Group during the 4th quarter valued at approximately $126,000. Finally, Weiss Asset Management LP bought a new stake in shares of Brightsphere Investment Group during the 1st quarter valued at approximately $153,000. Institutional investors own 0.11% of the company’s stock.

BSIG has been the topic of a number of research reports. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Bank of America set a $144.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a research report on Friday, April 12th. Citigroup downgraded shares of Apergy from a “buy” rating to a “neutral” rating and dropped their target price for the company from $41.00 to $34.00 in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada set a $60.00 target price on shares of Masonite International and gave the company a “buy” rating in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Brightsphere Investment Group has a consensus rating of “Hold” and an average price target of $14.30.

BSIG traded up $0.12 during trading on Thursday, hitting $11.21. 336,700 shares of the company traded hands, compared to its average volume of 568,153. The firm has a market capitalization of $1.22 billion and a price-to-earnings ratio of 6.03. The firm’s fifty day moving average price is $11.22. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.62. Brightsphere Investment Group PLC has a one year low of $10.04 and a one year high of $14.87.

Brightsphere Investment Group (NYSE:BSIG) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The business had revenue of $205.70 million for the quarter, compared to the consensus estimate of $203.30 million. Brightsphere Investment Group had a net margin of 14.88% and a return on equity of 187.25%. The company’s revenue was down 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. On average, research analysts anticipate that Brightsphere Investment Group PLC will post 1.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Thursday, June 13th.

Brightsphere Investment Group Company Profile

BrightSphere Investment Group plc 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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Institutional Ownership by Quarter for Brightsphere Investment Group (NYSE:BSIG)

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