BrightSphere Investment Group (BSIG) Set to Announce Quarterly Earnings on Thursday

BrightSphere Investment Group (NYSE:BSIG) will be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

BrightSphere Investment Group (NYSE:BSIG) last released its earnings results on Thursday, February 1st. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.19. The firm had revenue of $131.20 million for the quarter, compared to analysts’ expectations of $127.57 million. BrightSphere Investment Group had a net margin of 15.42% and a return on equity of 400.00%. On average, analysts expect BrightSphere Investment Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BrightSphere Investment Group Stock Down 1.8 %

BSIG opened at $23.08 on Thursday. The company’s 50-day moving average price is $22.65 and its two-hundred day moving average price is $20.05. The stock has a market cap of $881.89 million, a price-to-earnings ratio of 14.89 and a beta of 1.49. BrightSphere Investment Group has a twelve month low of $15.23 and a twelve month high of $23.63.

BrightSphere Investment Group Dividend Announcement

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, CEO Suren Rana sold 109,960 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 130,967 shares in the company, valued at approximately $2,716,255.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 24.90% of the company’s stock.

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.