Mitsubishi UFJ Trust & Banking Corp Buys Shares of 11,251 BrightSphere Investment Group Inc. (NYSE:BSIG)

Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of BrightSphere Investment Group Inc. (NYSE:BSIG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 11,251 shares of the company’s stock, valued at approximately $236,000.

Other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of BrightSphere Investment Group in the 1st quarter valued at $27,000. Public Employees Retirement System of Ohio lifted its holdings in shares of BrightSphere Investment Group by 12.4% during the third quarter. Public Employees Retirement System of Ohio now owns 4,532 shares of the company’s stock worth $68,000 after purchasing an additional 500 shares during the period. Point72 Hong Kong Ltd purchased a new stake in BrightSphere Investment Group in the second quarter valued at approximately $124,000. Teachers Retirement System of The State of Kentucky acquired a new position in BrightSphere Investment Group in the 3rd quarter worth approximately $152,000. Finally, Arizona State Retirement System purchased a new position in BrightSphere Investment Group during the 1st quarter worth approximately $226,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

BrightSphere Investment Group Trading Up 0.3 %

Shares of BSIG opened at $17.26 on Monday. The firm has a market cap of $716.43 million, a P/E ratio of 9.98 and a beta of 1.51. The stock’s 50 day moving average is $17.86 and its two-hundred day moving average is $20.13. BrightSphere Investment Group Inc. has a 12 month low of $15.23 and a 12 month high of $26.88.

BrightSphere Investment Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Thursday, December 14th. BrightSphere Investment Group’s payout ratio is presently 2.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BSIG shares. StockNews.com assumed coverage on shares of BrightSphere Investment Group in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Morgan Stanley decreased their price target on BrightSphere Investment Group from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Friday, October 6th. Finally, Royal Bank of Canada decreased their target price on shares of BrightSphere Investment Group from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd.

BrightSphere Investment Group Profile

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.