BrightSphere Investment Group (NYSE:BSIG - Get Free Report) had its price objective boosted by equities research analysts at Evercore ISI from $28.00 to $31.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "in-line" rating on the stock. Evercore ISI's price objective would indicate a potential upside of 5.73% from the stock's previous close.
Several other equities analysts have also recently issued reports on BSIG. StockNews.com upgraded shares of BrightSphere Investment Group from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Morgan Stanley cut shares of BrightSphere Investment Group from an "equal weight" rating to an "underweight" rating and boosted their target price for the company from $23.00 to $26.00 in a research note on Friday, October 18th. Finally, Royal Bank of Canada boosted their target price on shares of BrightSphere Investment Group from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $29.00.
Check Out Our Latest Analysis on BrightSphere Investment Group
BrightSphere Investment Group Trading Down 1.9 %
Shares of BSIG stock traded down $0.58 during trading hours on Thursday, hitting $29.32. The company's stock had a trading volume of 209,586 shares, compared to its average volume of 258,473. The company has a 50 day moving average of $25.29 and a 200 day moving average of $23.82. The stock has a market cap of $1.09 billion, a PE ratio of 18.12 and a beta of 1.41. BrightSphere Investment Group has a 12-month low of $15.79 and a 12-month high of $30.35.
BrightSphere Investment Group (NYSE:BSIG - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.52 by $0.07. The business had revenue of $123.10 million for the quarter, compared to the consensus estimate of $114.95 million. BrightSphere Investment Group had a net margin of 13.92% and a return on equity of 7,606.72%. During the same period in the prior year, the firm earned $0.45 EPS. As a group, analysts anticipate that BrightSphere Investment Group will post 2.59 earnings per share for the current fiscal year.
Institutional Investors Weigh In On BrightSphere Investment Group
A number of large investors have recently modified their holdings of BSIG. Gladius Capital Management LP purchased a new stake in shares of BrightSphere Investment Group during the second quarter worth $32,000. Blue Trust Inc. grew its holdings in shares of BrightSphere Investment Group by 2,397.6% in the third quarter. Blue Trust Inc. now owns 3,122 shares of the company's stock valued at $79,000 after purchasing an additional 2,997 shares during the period. Quest Partners LLC purchased a new stake in shares of BrightSphere Investment Group in the second quarter valued at about $147,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in BrightSphere Investment Group by 67.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,802 shares of the company's stock worth $195,000 after buying an additional 3,561 shares during the period. Finally, Price T Rowe Associates Inc. MD purchased a new position in BrightSphere Investment Group during the first quarter worth about $214,000. Hedge funds and other institutional investors own 98.69% of the company's stock.
About BrightSphere Investment Group
(
Get Free Report)
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.
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