American Century Companies Inc. Boosts Holdings in BrightSphere Investment Group Inc. (NYSE:BSIG)

American Century Companies Inc. raised its holdings in BrightSphere Investment Group Inc. (NYSE:BSIG) by 5.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,729 shares of the company’s stock after purchasing an additional 2,693 shares during the quarter. American Century Companies Inc. owned 0.13% of BrightSphere Investment Group worth $1,125,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Texas Permanent School Fund Corp boosted its holdings in BrightSphere Investment Group by 3.4% in the first quarter. Texas Permanent School Fund Corp now owns 28,335 shares of the company’s stock valued at $647,000 after purchasing an additional 924 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of BrightSphere Investment Group by 29.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,885 shares of the company’s stock worth $94,000 after acquiring an additional 1,106 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of BrightSphere Investment Group during the 2nd quarter worth about $32,000. Linden Thomas Advisory Services LLC boosted its stake in shares of BrightSphere Investment Group by 9.9% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 20,960 shares of the company’s stock worth $465,000 after acquiring an additional 1,889 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of BrightSphere Investment Group by 8.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 29,326 shares of the company’s stock worth $670,000 after acquiring an additional 2,213 shares in the last quarter. 98.69% of the stock is owned by hedge funds and other institutional investors.

BrightSphere Investment Group Stock Down 0.1 %

BSIG stock opened at $25.40 on Tuesday. The company’s 50-day simple moving average is $24.11 and its 200-day simple moving average is $23.22. BrightSphere Investment Group Inc. has a 52-week low of $15.23 and a 52-week high of $26.57. The firm has a market cap of $941.58 million, a P/E ratio of 15.49 and a beta of 1.42.

BrightSphere Investment Group (NYSE:BSIG) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $104.72 million. During the same quarter in the prior year, the firm earned $0.28 EPS. On average, analysts anticipate that BrightSphere Investment Group Inc. will post 2.31 earnings per share for the current fiscal year.

BrightSphere Investment Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.