Texas Permanent School Fund Sells 1,423 Shares of BrightSphere Investment Group Inc. (NYSE:BSIG)

Texas Permanent School Fund decreased its position in shares of BrightSphere Investment Group Inc. (NYSE:BSIG – Get Rating) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,218 shares of the company’s stock after selling 1,423 shares during the period. Texas Permanent School Fund owned 0.05% of BrightSphere Investment Group worth $437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. grew its holdings in BrightSphere Investment Group by 68.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,104,197 shares of the company’s stock valued at $22,725,000 after buying an additional 448,981 shares in the last quarter. Mangrove Partners boosted its stake in BrightSphere Investment Group by 55.2% during the third quarter. Mangrove Partners now owns 1,116,520 shares of the company’s stock worth $16,647,000 after buying an additional 396,933 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of BrightSphere Investment Group during the first quarter worth $9,312,000. Alliancebernstein L.P. lifted its position in shares of BrightSphere Investment Group by 224.9% during the third quarter. Alliancebernstein L.P. now owns 169,674 shares of the company’s stock worth $2,530,000 after purchasing an additional 117,443 shares during the last quarter. Finally, North Reef Capital Management LP lifted its position in shares of BrightSphere Investment Group by 25.6% during the third quarter. North Reef Capital Management LP now owns 563,768 shares of the company’s stock worth $8,406,000 after purchasing an additional 114,816 shares during the last quarter.

Analyst Upgrades and Downgrades

BSIG has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of BrightSphere Investment Group from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, April 14th. StockNews.com started coverage on BrightSphere Investment Group in a research report on Thursday. They issued a “hold” rating on the stock. Finally, TheStreet downgraded BrightSphere Investment Group from a “c” rating to a “d+” rating in a report on Thursday, May 4th.

BrightSphere Investment Group Stock Up 2.6 %

NYSE:BSIG opened at $22.52 on Friday. The stock’s 50 day moving average price is $22.66 and its 200 day moving average price is $22.05. The company has a market capitalization of $933.68 million, a PE ratio of 10.78 and a beta of 1.53. BrightSphere Investment Group Inc. has a 52-week low of $14.73 and a 52-week high of $26.88.

BrightSphere Investment Group (NYSE:BSIG – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $91.80 million for the quarter, compared to analysts’ expectations of $93.20 million. BrightSphere Investment Group had a negative return on equity of 179.03% and a net margin of 22.38%. As a group, sell-side analysts anticipate that BrightSphere Investment Group Inc. will post 1.69 EPS for the current fiscal year.

BrightSphere Investment Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Thursday, June 15th. BrightSphere Investment Group’s payout ratio is currently 1.91%.

BrightSphere Investment Group Company Profile

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BrightSphere Investment Group, Inc is a holding company, which engages in the provision of asset management services. It operates through the Quant and Solutions segment. The Quant and Solutions segment involves leveraging data and technology in a computational, factor-based investment process across a range of asset classes and geographies, including Global, non-U.S., emerging markets, and managed volatility equities, as well as multi-asset products.