SG Americas Securities LLC Trims Position in BrightSphere Investment Group Inc. (NYSE:BSIG)

SG Americas Securities LLC trimmed its position in shares of BrightSphere Investment Group Inc. (NYSE:BSIG) by 56.0% during the 4th quarter, Holdings Channel reports. The firm owned 6,904 shares of the company’s stock after selling 8,788 shares during the period. SG Americas Securities LLC’s holdings in BrightSphere Investment Group were worth $132,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of BrightSphere Investment Group during the 1st quarter valued at $27,000. Tower Research Capital LLC TRC raised its position in shares of BrightSphere Investment Group by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,417 shares of the company’s stock valued at $51,000 after purchasing an additional 1,555 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of BrightSphere Investment Group by 12.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,532 shares of the company’s stock valued at $68,000 after purchasing an additional 500 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of BrightSphere Investment Group during the 2nd quarter valued at $124,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BrightSphere Investment Group by 48.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,790 shares of the company’s stock valued at $170,000 after purchasing an additional 2,886 shares during the period. 98.69% of the stock is currently owned by institutional investors.

Insider Activity at BrightSphere Investment Group

In related news, CEO Suren Rana sold 109,960 shares of BrightSphere Investment Group stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $20.74, for a total transaction of $2,280,570.40. Following the completion of the sale, the chief executive officer now owns 130,967 shares in the company, valued at approximately $2,716,255.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 24.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in 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. Morgan Stanley raised their target price on shares of BrightSphere Investment Group from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $24.00 target price on shares of BrightSphere Investment Group in a research note on Friday, February 2nd.

BrightSphere Investment Group Trading Down 1.5 %

BSIG stock opened at $22.41 on Thursday. BrightSphere Investment Group Inc. has a 12 month low of $15.23 and a 12 month high of $24.00. The company has a 50-day moving average price of $22.50 and a 200 day moving average price of $19.88. The stock has a market cap of $856.29 million, a PE ratio of 14.46 and a beta of 1.49.

BrightSphere Investment Group (NYSE:BSIG) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.19. BrightSphere Investment Group had a net margin of 15.42% and a return on equity of 400.00%. The firm had revenue of $131.20 million during the quarter, compared to analysts’ expectations of $127.57 million. Sell-side analysts forecast that BrightSphere Investment Group Inc. will post 2.02 EPS for the current year.

BrightSphere Investment Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.01 per share. 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 0.18%. BrightSphere Investment Group’s dividend payout ratio is presently 2.58%.

BrightSphere Investment Group Company 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.