Impax Asset Management Group plc Has $27.91 Million Stake in BrightSphere Investment Group Inc. (NYSE:BSIG)

Impax Asset Management Group plc boosted its position in shares of BrightSphere Investment Group Inc. (NYSE:BSIG - Free Report) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,098,818 shares of the company's stock after purchasing an additional 50,000 shares during the quarter. Impax Asset Management Group plc owned about 2.91% of BrightSphere Investment Group worth $27,910,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in BSIG. Dimensional Fund Advisors LP boosted its position in shares of BrightSphere Investment Group by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,126,772 shares of the company's stock worth $24,980,000 after purchasing an additional 4,399 shares during the last quarter. Jennison Associates LLC grew its position in shares of BrightSphere Investment Group by 29.4% during the 1st quarter. Jennison Associates LLC now owns 759,391 shares of the company's stock worth $17,344,000 after buying an additional 172,318 shares during the period. Denali Advisors LLC grew its position in shares of BrightSphere Investment Group by 1.9% during the 2nd quarter. Denali Advisors LLC now owns 160,000 shares of the company's stock worth $3,547,000 after buying an additional 2,909 shares during the period. Renaissance Technologies LLC raised its position in shares of BrightSphere Investment Group by 297.9% in the 2nd quarter. Renaissance Technologies LLC now owns 154,000 shares of the company's stock valued at $3,414,000 after acquiring an additional 115,300 shares during the period. Finally, AQR Capital Management LLC boosted its stake in BrightSphere Investment Group by 28.9% during the 2nd quarter. AQR Capital Management LLC now owns 103,690 shares of the company's stock worth $2,299,000 after acquiring an additional 23,232 shares during the last quarter. 98.69% of the stock is currently owned by institutional investors and hedge funds.

BrightSphere Investment Group Price Performance

Shares of BSIG traded up $0.64 during mid-day trading on Tuesday, hitting $28.03. 196,519 shares of the company's stock were exchanged, compared to its average volume of 258,036. BrightSphere Investment Group Inc. has a 52 week low of $15.79 and a 52 week high of $28.24. The company has a market cap of $1.04 billion, a PE ratio of 16.99 and a beta of 1.41. The company has a 50-day simple moving average of $25.07 and a 200 day simple moving average of $23.74.

BrightSphere Investment Group (NYSE:BSIG - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.52 by $0.07. BrightSphere Investment Group had a net margin of 13.92% and a return on equity of 7,606.72%. The business had revenue of $123.10 million during the quarter, compared to analysts' expectations of $114.95 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, analysts anticipate that BrightSphere Investment Group Inc. will post 2.4 earnings per share for the current year.

BrightSphere Investment Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date is Friday, December 13th. BrightSphere Investment Group's dividend payout ratio is currently 2.42%.

Wall Street Analysts Forecast Growth

BSIG has been the topic of several analyst reports. Morgan Stanley lowered shares of 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 report on Friday, October 18th. Royal Bank of Canada raised their target price on shares of BrightSphere Investment Group from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday. Finally, StockNews.com raised shares of BrightSphere Investment Group from a "hold" rating to a "buy" rating in a research report on Friday.

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.