Louisiana State Employees Retirement System Has $340,000 Stock Position in BrightSphere Investment Group Inc. (NYSE:BSIG)

Louisiana State Employees Retirement System cut its stake in shares of BrightSphere Investment Group Inc. (NYSE:BSIG) by 9.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,400 shares of the company’s stock after selling 1,400 shares during the period. Louisiana State Employees Retirement System’s holdings in BrightSphere Investment Group were worth $340,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BSIG. Texas Permanent School Fund Corp grew its stake in shares of 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 acquiring an additional 924 shares in the last quarter. Creative Planning boosted its holdings in BrightSphere Investment Group by 7.6% in the 2nd quarter. Creative Planning now owns 17,553 shares of the company’s stock valued at $389,000 after purchasing an additional 1,235 shares during the period. Gladius Capital Management LP acquired a new position in shares of BrightSphere Investment Group during the 2nd quarter worth approximately $32,000. Assenagon Asset Management S.A. increased its holdings in shares of BrightSphere Investment Group by 3.4% during the third quarter. Assenagon Asset Management S.A. now owns 55,574 shares of the company’s stock worth $1,412,000 after purchasing an additional 1,805 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its position in shares of BrightSphere Investment Group by 9.9% in the second quarter. Linden Thomas Advisory Services LLC now owns 20,960 shares of the company’s stock valued at $465,000 after buying an additional 1,889 shares in the last quarter. Institutional investors own 98.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BSIG. Royal Bank of Canada increased 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, November 1st. Morgan Stanley lowered BrightSphere Investment Group from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $23.00 to $26.00 in a report on Friday, October 18th. Finally, StockNews.com raised BrightSphere Investment Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

BrightSphere Investment Group Price Performance

Shares of NYSE:BSIG opened at $29.89 on Thursday. BrightSphere Investment Group Inc. has a 1 year low of $15.79 and a 1 year high of $30.35. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.15 and a beta of 1.41. The company’s 50 day simple moving average is $25.16 and its 200 day simple moving average is $23.78.

BrightSphere Investment Group (NYSE:BSIG) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. BrightSphere Investment Group had a return on equity of 7,606.72% and a net margin of 13.92%. The company had revenue of $123.10 million during the quarter, compared to analysts’ expectations of $114.95 million. During the same quarter in the previous year, the firm earned $0.45 EPS. As a group, analysts anticipate that BrightSphere Investment Group Inc. will post 2.59 EPS for the current fiscal year.

BrightSphere Investment Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.13%. BrightSphere Investment Group’s dividend payout ratio (DPR) is currently 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.