SG Americas Securities LLC Acquires New Stake in BrightSphere Investment Group Inc. (NYSE:BSIG)

SG Americas Securities LLC acquired a new stake in BrightSphere Investment Group Inc. (NYSE:BSIG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,806 shares of the company’s stock, valued at approximately $401,000.

A number of other institutional investors have also bought and sold shares of the company. Gladius Capital Management LP bought a new position in shares of BrightSphere Investment Group during the 2nd quarter worth about $32,000. PNC Financial Services Group Inc. lifted its position 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 acquiring an additional 1,106 shares in the last quarter. Quest Partners LLC bought a new position in BrightSphere Investment Group in the 2nd quarter valued at about $147,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 buying an additional 3,561 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new stake in BrightSphere Investment Group in the 1st quarter valued at about $214,000. Institutional investors own 98.69% of the company’s stock.

BrightSphere Investment Group Price Performance

Shares of NYSE:BSIG opened at $27.07 on Friday. The firm has a fifty day moving average price of $24.29 and a two-hundred day moving average price of $23.42. BrightSphere Investment Group Inc. has a one year low of $15.23 and a one year high of $27.31. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 16.51 and a beta of 1.41.

BrightSphere Investment Group (NYSE:BSIG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $109.00 million during the quarter, compared to the consensus estimate of $104.72 million. During the same period in the previous year, the firm posted $0.28 EPS. Equities research analysts expect that BrightSphere Investment Group Inc. will post 2.31 EPS for the current fiscal year.

BrightSphere Investment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Friday, September 13th. BrightSphere Investment Group’s dividend payout ratio is currently 2.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BSIG shares. StockNews.com lowered shares of BrightSphere Investment Group from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Royal Bank of Canada raised their price target on shares of BrightSphere Investment Group from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, October 11th.

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.