Marshall Wace LLP Takes Position in BrightSphere Investment Group Inc. (NYSE:BSIG)

Marshall Wace LLP bought a new position in BrightSphere Investment Group Inc. (NYSE:BSIG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 84,328 shares of the company’s stock, valued at approximately $1,870,000. Marshall Wace LLP owned approximately 0.22% of BrightSphere Investment Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BSIG. Texas Permanent School Fund Corp boosted its holdings in shares of BrightSphere Investment Group by 3.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 28,335 shares of the company’s stock worth $647,000 after purchasing an additional 924 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in BrightSphere Investment Group by 29.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,885 shares of the company’s stock worth $94,000 after buying an additional 1,106 shares in the last quarter. Gladius Capital Management LP bought a new position in BrightSphere Investment Group during the second quarter valued at approximately $32,000. Linden Thomas Advisory Services LLC grew its position in BrightSphere Investment Group by 9.9% during the second quarter. Linden Thomas Advisory Services LLC now owns 20,960 shares of the company’s stock valued at $465,000 after acquiring an additional 1,889 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of BrightSphere Investment Group by 8.2% during the first 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. Institutional investors own 98.69% of the company’s stock.

Analyst Upgrades and Downgrades

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

BrightSphere Investment Group Price Performance

BSIG opened at $23.69 on Friday. The stock’s 50 day simple moving average is $24.02 and its 200 day simple moving average is $23.23. The firm has a market cap of $878.19 million, a price-to-earnings ratio of 14.45 and a beta of 1.42. BrightSphere Investment Group Inc. has a 1 year low of $15.23 and a 1 year high of $26.57.

BrightSphere Investment Group (NYSE:BSIG) last issued its earnings results on Thursday, August 1st. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. The company had revenue of $109.00 million for the quarter, compared to the consensus estimate of $104.72 million. BrightSphere Investment Group had a net margin of 15.00% and a return on equity of 871.33%. During the same period in the previous year, the firm earned $0.28 earnings per share. As a group, sell-side analysts anticipate that BrightSphere Investment Group Inc. will post 2.31 EPS for the current year.

BrightSphere Investment Group Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.17%. BrightSphere Investment Group’s dividend payout ratio is currently 2.44%.

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.