BrightSphere Investment Group (BSIG) Scheduled to Post Earnings on Thursday

BrightSphere Investment Group (NYSE:BSIGGet Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 5th. Analysts expect BrightSphere Investment Group to post earnings of $0.44 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

BrightSphere Investment Group (NYSE:BSIGGet Rating) last released its quarterly earnings data on Thursday, February 3rd. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.12. The business had revenue of $162.90 million for the quarter, compared to analyst estimates of $117.07 million. BrightSphere Investment Group had a return on equity of 21.01% and a net margin of 151.92%. On average, analysts expect BrightSphere Investment Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NYSE:BSIG opened at $20.36 on Thursday. The stock’s 50-day simple moving average is $23.46 and its 200 day simple moving average is $24.21. The firm has a market capitalization of $843.41 million, a PE ratio of 2.03 and a beta of 1.61. BrightSphere Investment Group has a twelve month low of $19.93 and a twelve month high of $31.17.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, March 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Thursday, March 10th. BrightSphere Investment Group’s dividend payout ratio (DPR) is presently 0.40%.

In other BrightSphere Investment Group news, CEO Suren Rana sold 119,963 shares of the stock in a transaction dated Tuesday, February 8th. The stock was sold at an average price of $24.05, for a total value of $2,885,110.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 27.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of BSIG. Royal Bank of Canada raised its position in shares of BrightSphere Investment Group by 202.7% during the second quarter. Royal Bank of Canada now owns 3,971 shares of the company’s stock worth $93,000 after acquiring an additional 2,659 shares during the last quarter. Marshall Wace LLP bought a new position in shares of BrightSphere Investment Group during the fourth quarter worth about $208,000. Deutsche Bank AG raised its position in shares of BrightSphere Investment Group by 4.7% during the fourth quarter. Deutsche Bank AG now owns 37,987 shares of the company’s stock worth $973,000 after acquiring an additional 1,691 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of BrightSphere Investment Group by 27.6% during the fourth quarter. Wells Fargo & Company MN now owns 94,219 shares of the company’s stock worth $2,412,000 after acquiring an additional 20,366 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of BrightSphere Investment Group by 1.4% during the third quarter. Bank of New York Mellon Corp now owns 647,418 shares of the company’s stock worth $16,917,000 after acquiring an additional 8,910 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

Several research firms recently weighed in on BSIG. StockNews.com began coverage on BrightSphere Investment Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research raised BrightSphere Investment Group from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, April 12th. Morgan Stanley reduced their price objective on BrightSphere Investment Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, April 8th. Finally, TheStreet downgraded BrightSphere Investment Group from a “b” rating to a “c” rating in a research report on Thursday, February 3rd. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, BrightSphere Investment Group has an average rating of “Buy” and a consensus price target of $28.40.

BrightSphere Investment Group Company Profile (Get Rating)

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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Earnings History for BrightSphere Investment Group (NYSE:BSIG)

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