Algert Global LLC Has $1.36 Million Stock Holdings in BrightSphere Investment Group Inc. (NYSE:BSIG)

Algert Global LLC reduced its holdings in BrightSphere Investment Group Inc. (NYSE:BSIG - Free Report) by 65.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,350 shares of the company's stock after selling 101,090 shares during the quarter. Algert Global LLC owned approximately 0.14% of BrightSphere Investment Group worth $1,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BSIG. Jacobs Levy Equity Management Inc. acquired a new position in shares of BrightSphere Investment Group in the 1st quarter valued at $853,000. Renaissance Technologies LLC increased its holdings in BrightSphere Investment Group by 297.9% in the second quarter. Renaissance Technologies LLC now owns 154,000 shares of the company's stock valued at $3,414,000 after purchasing an additional 115,300 shares during the last quarter. Maverick Capital Ltd. acquired a new position in BrightSphere Investment Group in the second quarter valued at about $1,204,000. Impax Asset Management Group plc boosted its holdings in BrightSphere Investment Group by 4.8% during the third quarter. Impax Asset Management Group plc now owns 1,098,818 shares of the company's stock worth $27,910,000 after buying an additional 50,000 shares during the last quarter. Finally, Quest Partners LLC grew its position in shares of BrightSphere Investment Group by 329.0% during the 3rd quarter. Quest Partners LLC now owns 28,459 shares of the company's stock worth $723,000 after buying an additional 21,825 shares during the period. 98.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on BSIG shares. StockNews.com upgraded shares of BrightSphere Investment Group from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Royal Bank of Canada lifted their price objective on BrightSphere Investment Group from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Morgan Stanley cut BrightSphere Investment Group from an "equal weight" rating to an "underweight" rating and increased their target price for the stock from $23.00 to $26.00 in a research note on Friday, October 18th. Finally, Evercore ISI lifted their price target on shares of BrightSphere Investment Group from $28.00 to $31.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $29.00.

BrightSphere Investment Group Trading Down 0.1 %

Shares of BrightSphere Investment Group stock traded down $0.03 during trading on Friday, reaching $31.18. The stock had a trading volume of 71,367 shares, compared to its average volume of 255,556. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 18.90 and a beta of 1.41. The stock has a fifty day moving average price of $27.36 and a two-hundred day moving average price of $24.70. BrightSphere Investment Group Inc. has a 52 week low of $17.32 and a 52 week high of $31.52.

BrightSphere Investment Group (NYSE:BSIG - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.52 by $0.07. BrightSphere Investment Group had a return on equity of 7,606.72% and a net margin of 13.92%. The firm had revenue of $123.10 million for the quarter, compared to analysts' expectations of $114.95 million. During the same quarter in the previous year, the business posted $0.45 EPS. On average, equities analysts forecast that BrightSphere Investment Group Inc. will post 2.59 EPS for the current fiscal year.

BrightSphere Investment Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 annualized dividend and a yield of 0.13%. BrightSphere Investment Group's payout ratio is currently 2.42%.

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.