BrightSphere Investment Group Inc. (NYSE:BSIG) Shares Purchased by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC increased its stake in shares of BrightSphere Investment Group Inc. (NYSE:BSIGGet Rating) by 27.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 213,639 shares of the company’s stock after purchasing an additional 45,542 shares during the period. Keeley Teton Advisors LLC owned 0.52% of BrightSphere Investment Group worth $5,181,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in BrightSphere Investment Group by 20.9% in the 4th quarter. Victory Capital Management Inc. now owns 19,411 shares of the company’s stock valued at $497,000 after acquiring an additional 3,353 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in BrightSphere Investment Group by 19.5% in the 4th quarter. Teacher Retirement System of Texas now owns 11,542 shares of the company’s stock valued at $295,000 after acquiring an additional 1,886 shares during the last quarter. Citigroup Inc. raised its holdings in BrightSphere Investment Group by 4.1% in the 4th quarter. Citigroup Inc. now owns 44,766 shares of the company’s stock valued at $1,146,000 after acquiring an additional 1,781 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in BrightSphere Investment Group by 1,007.6% in the 4th quarter. Qube Research & Technologies Ltd now owns 125,416 shares of the company’s stock valued at $3,211,000 after acquiring an additional 114,093 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in BrightSphere Investment Group by 17.6% in the 4th quarter. Invesco Ltd. now owns 665,599 shares of the company’s stock valued at $17,039,000 after acquiring an additional 99,427 shares during the last quarter.

BrightSphere Investment Group Price Performance

BrightSphere Investment Group stock opened at $17.29 on Wednesday. The firm has a 50 day simple moving average of $18.42 and a 200-day simple moving average of $20.34. BrightSphere Investment Group Inc. has a 1-year low of $16.62 and a 1-year high of $31.17. The stock has a market cap of $716.39 million, a price-to-earnings ratio of 3.85 and a beta of 1.58.

BrightSphere Investment Group (NYSE:BSIGGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.05. BrightSphere Investment Group had a net margin of 65.73% and a return on equity of 46.17%. The business had revenue of $95.50 million during the quarter, compared to analysts’ expectations of $96.01 million. During the same quarter in the prior year, the company posted $0.40 EPS. Equities analysts expect that BrightSphere Investment Group Inc. will post 1.91 earnings per share for the current fiscal year.

BrightSphere Investment Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a $0.01 dividend. The ex-dividend date is Thursday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.23%. BrightSphere Investment Group’s dividend payout ratio (DPR) is 0.89%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut their price objective on shares of BrightSphere Investment Group from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.33.

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

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