Assenagon Asset Management S.A. Buys 1,805 Shares of BrightSphere Investment Group Inc. (NYSE:BSIG)

Assenagon Asset Management S.A. raised its holdings in BrightSphere Investment Group Inc. (NYSE:BSIG) by 3.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 55,574 shares of the company’s stock after buying an additional 1,805 shares during the quarter. Assenagon Asset Management S.A.’s holdings in BrightSphere Investment Group were worth $1,412,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BSIG. Gladius Capital Management LP purchased a new stake in BrightSphere Investment Group during the second quarter valued at $32,000. Blue Trust Inc. grew its position in shares of BrightSphere Investment Group by 2,397.6% during the third quarter. Blue Trust Inc. now owns 3,122 shares of the company’s stock worth $79,000 after purchasing an additional 2,997 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of BrightSphere Investment Group by 29.3% during the fourth 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 in the last quarter. Quest Partners LLC bought a new position in BrightSphere Investment Group during the second quarter valued at approximately $147,000. Finally, 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 valued at $195,000 after buying an additional 3,561 shares during the last quarter. 98.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BSIG has been the subject of a number of research analyst reports. StockNews.com raised BrightSphere Investment Group from a “hold” rating to a “buy” rating in a research note on Friday. Morgan Stanley cut BrightSphere Investment Group from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $23.00 to $26.00 in a research report on Friday, October 18th. Finally, Royal Bank of Canada lifted their price target on BrightSphere Investment Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday.

BrightSphere Investment Group Trading Up 3.9 %

BrightSphere Investment Group stock opened at $27.43 on Friday. The firm has a market capitalization of $1.02 billion, a P/E ratio of 16.62 and a beta of 1.41. The stock’s fifty day simple moving average is $25.00 and its 200-day simple moving average is $23.69. BrightSphere Investment Group Inc. has a twelve month low of $15.23 and a twelve month high of $27.58.

BrightSphere Investment Group (NYSE:BSIG) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.45 EPS for the quarter, beating 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 firm had revenue of $109.00 million during the quarter, compared to the consensus estimate of $104.72 million. During the same quarter last year, the firm earned $0.28 earnings per share. Sell-side analysts predict that BrightSphere Investment Group Inc. will post 2.4 earnings per share for the current year.

BrightSphere Investment Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.15%. BrightSphere Investment Group’s dividend payout ratio (DPR) is 2.42%.

About BrightSphere Investment Group

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.