BrightSphere Investment Group (NYSE:BSIG) Given New $25.00 Price Target at Morgan Stanley

BrightSphere Investment Group (NYSE:BSIG) had its price objective reduced by Morgan Stanley from $26.00 to $25.00 in a research report released on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.

A number of other analysts have also commented on BSIG. Royal Bank of Canada lowered shares of BrightSphere Investment Group from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $30.00 to $33.00 in a research note on Tuesday, December 10th. Evercore ISI lifted their price objective on shares of BrightSphere Investment Group from $28.00 to $31.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. StockNews.com raised shares of BrightSphere Investment Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets reiterated a “sector perform” rating and set a $33.00 price target (up previously from $30.00) on shares of BrightSphere Investment Group in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.50.

BrightSphere Investment Group Trading Down 3.6 %

BrightSphere Investment Group stock opened at $27.01 on Friday. BrightSphere Investment Group has a 52 week low of $18.09 and a 52 week high of $31.52. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 16.37 and a beta of 1.45. The company’s 50-day moving average price is $28.97 and its two-hundred day moving average price is $25.50.

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

BrightSphere Investment Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend is Friday, December 13th. BrightSphere Investment Group’s dividend payout ratio is 2.42%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. boosted its position in 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 during the period. Point72 Asset Management L.P. acquired a new position in shares of BrightSphere Investment Group during the 3rd quarter worth about $89,000. Quest Partners LLC acquired a new stake in shares of BrightSphere Investment Group in the second quarter worth $147,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 worth $195,000 after acquiring an additional 3,561 shares during the period. Finally, Verition Fund Management LLC acquired a new position in BrightSphere Investment Group during the 3rd quarter valued at $213,000. Institutional investors own 98.69% of the company’s stock.

BrightSphere Investment Group Company 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.