BrightSphere Investment Group (NYSE:BSIG) Hits New 1-Year High at $26.38

Shares of BrightSphere Investment Group Inc. (NYSE:BSIG) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $26.38 and last traded at $26.25, with a volume of 10858 shares. The stock had previously closed at $25.75.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut BrightSphere Investment Group from a “buy” rating to a “hold” rating in a report on Monday, July 22nd.

BrightSphere Investment Group Stock Performance

The company has a market cap of $981.00 million, a P/E ratio of 15.70 and a beta of 1.45. The company has a fifty day moving average price of $23.02 and a two-hundred day moving average price of $22.52.

BrightSphere Investment Group (NYSE:BSIG) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.10. The company had revenue of $105.70 million during the quarter, compared to analysts’ expectations of $101.32 million. BrightSphere Investment Group had a return on equity of 438.16% and a net margin of 15.53%. Research analysts anticipate that BrightSphere Investment Group Inc. will post 2.27 EPS for the current year.

BrightSphere Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Friday, June 14th. BrightSphere Investment Group’s payout ratio is 2.44%.

Hedge Funds Weigh In On BrightSphere Investment Group

Several hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP acquired a new stake in BrightSphere Investment Group in the 2nd quarter valued at about $32,000. PNC Financial Services Group Inc. lifted its stake in BrightSphere Investment Group by 29.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,885 shares of the company’s stock valued at $94,000 after purchasing an additional 1,106 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in BrightSphere Investment Group by 67.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,802 shares of the company’s stock valued at $195,000 after purchasing an additional 3,561 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in BrightSphere Investment Group in the 1st quarter valued at about $214,000. Finally, Linden Thomas Advisory Services LLC lifted its stake in BrightSphere Investment Group by 20.8% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 12,600 shares of the company’s stock valued at $241,000 after purchasing an additional 2,171 shares during the last quarter. Institutional investors own 98.69% of the company’s stock.

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.