BrightSphere Investment Group Inc. (NYSE:BSIG) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board trimmed its holdings in BrightSphere Investment Group Inc. (NYSE:BSIG) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,807 shares of the company’s stock after selling 2,382 shares during the period. Public Sector Pension Investment Board owned about 0.17% of BrightSphere Investment Group worth $1,437,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gladius Capital Management LP acquired a new stake in BrightSphere Investment Group in the second quarter valued at $32,000. PNC Financial Services Group Inc. increased its position in shares of 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 worth $94,000 after purchasing an additional 1,106 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of BrightSphere Investment Group in the 2nd quarter valued at about $147,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of 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 purchasing an additional 3,561 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new position in BrightSphere Investment Group in the first quarter worth about $214,000. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

BrightSphere Investment Group Stock Performance

Shares of NYSE:BSIG opened at $25.40 on Tuesday. The company’s fifty day moving average is $24.11 and its two-hundred day moving average is $23.22. BrightSphere Investment Group Inc. has a 1-year low of $15.23 and a 1-year high of $26.57. The stock has a market capitalization of $941.58 million, a price-to-earnings ratio of 15.49 and a beta of 1.42.

BrightSphere Investment Group (NYSE:BSIG) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. BrightSphere Investment Group had a net margin of 15.00% and a return on equity of 871.33%. The firm had revenue of $109.00 million for the quarter, compared to analyst estimates of $104.72 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. Sell-side analysts expect that BrightSphere Investment Group Inc. will post 2.31 EPS for the current fiscal year.

BrightSphere Investment Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.16%. The ex-dividend date was Friday, September 13th. BrightSphere Investment Group’s dividend payout ratio is presently 2.44%.

BrightSphere Investment Group 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.