BrightSphere Investment Group Inc. (NYSE:BSIG) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in shares of BrightSphere Investment Group Inc. (NYSE:BSIG) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,714,115 shares of the company’s stock after selling 56,788 shares during the quarter. Vanguard Group Inc. owned 6.54% of BrightSphere Investment Group worth $52,627,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of BrightSphere Investment Group by 2.9% in the second quarter. BlackRock Inc. now owns 5,210,600 shares of the company’s stock worth $109,162,000 after acquiring an additional 147,036 shares during the period. North Reef Capital Management LP raised its holdings in BrightSphere Investment Group by 1.9% in the 3rd quarter. North Reef Capital Management LP now owns 1,700,000 shares of the company’s stock worth $32,963,000 after purchasing an additional 31,717 shares during the period. State Street Corp boosted its position in BrightSphere Investment Group by 0.5% during the first quarter. State Street Corp now owns 1,311,284 shares of the company’s stock worth $30,920,000 after purchasing an additional 6,150 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in BrightSphere Investment Group by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,161,035 shares of the company’s stock valued at $24,324,000 after purchasing an additional 14,360 shares during the period. Finally, Impax Asset Management Group plc increased its position in shares of BrightSphere Investment Group by 8.6% in the third quarter. Impax Asset Management Group plc now owns 948,818 shares of the company’s stock valued at $18,398,000 after buying an additional 75,000 shares in the last quarter. 98.69% of the stock is owned by hedge funds and other institutional investors.

BrightSphere Investment Group Stock Up 0.3 %

Shares of BSIG opened at $22.99 on Tuesday. BrightSphere Investment Group Inc. has a 52-week low of $15.23 and a 52-week high of $24.00. The stock has a market cap of $878.45 million, a PE ratio of 14.83 and a beta of 1.49. The firm’s fifty day moving average is $22.33 and its two-hundred day moving average is $19.73.

BrightSphere Investment Group (NYSE:BSIG) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.19. The firm had revenue of $131.20 million for the quarter, compared to analyst estimates of $127.57 million. BrightSphere Investment Group had a net margin of 15.42% and a return on equity of 400.00%. As a group, research analysts anticipate that BrightSphere Investment Group Inc. will post 2.02 earnings per share for the current year.

BrightSphere Investment Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.17%. BrightSphere Investment Group’s dividend payout ratio (DPR) is presently 2.58%.

Insider Activity at BrightSphere Investment Group

In other BrightSphere Investment Group news, CEO Suren Rana sold 109,960 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $20.74, for a total transaction of $2,280,570.40. Following the transaction, the chief executive officer now owns 130,967 shares of the company’s stock, valued at $2,716,255.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 24.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BSIG shares. TheStreet raised shares of BrightSphere Investment Group from a “d+” rating to a “c-” rating in a research note on Thursday, January 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $24.00 price objective on shares of BrightSphere Investment Group in a report on Friday, February 2nd. Finally, Morgan Stanley increased their target price on BrightSphere Investment Group from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, January 19th.

About BrightSphere Investment Group

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.