BrightSphere Investment Group (NYSE:BSIG) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of BrightSphere Investment Group (NYSE:BSIG – Get Rating) in a research note issued to investors on Thursday. The firm set a “hold” rating on the stock.

A number of other research firms also recently weighed in on BSIG. TheStreet raised shares of BrightSphere Investment Group from a “d+” rating to a “c” rating in a research report on Thursday, February 2nd. Morgan Stanley lifted their price objective on shares of BrightSphere Investment Group from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, February 6th.

BrightSphere Investment Group Trading Down 1.8 %

BrightSphere Investment Group stock opened at $22.54 on Thursday. The company has a market cap of $934.28 million, a P/E ratio of 9.63 and a beta of 1.55. BrightSphere Investment Group has a 1-year low of $14.73 and a 1-year high of $26.88. The company has a fifty day simple moving average of $23.84 and a 200 day simple moving average of $20.29.

BrightSphere Investment Group (NYSE:BSIG – Get Rating) last released its earnings results on Thursday, February 2nd. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. The business had revenue of $122.70 million during the quarter, compared to the consensus estimate of $119.82 million. BrightSphere Investment Group had a net margin of 24.11% and a negative return on equity of 132.90%. On average, equities research analysts forecast that BrightSphere Investment Group will post 1.66 EPS for the current year.

Institutional Trading of BrightSphere Investment Group

A number of hedge funds have recently modified their holdings of BSIG. AlphaCrest Capital Management LLC acquired a new stake in shares of BrightSphere Investment Group during the 1st quarter worth about $240,000. Natixis Advisors L.P. lifted its stake in shares of BrightSphere Investment Group by 1.2% during the 1st quarter. Natixis Advisors L.P. now owns 63,964 shares of the company’s stock worth $1,551,000 after buying an additional 744 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of BrightSphere Investment Group by 11.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,194 shares of the company’s stock worth $732,000 after buying an additional 3,100 shares during the last quarter. Sei Investments Co. lifted its stake in shares of BrightSphere Investment Group by 9.7% during the 1st quarter. Sei Investments Co. now owns 49,953 shares of the company’s stock worth $1,211,000 after buying an additional 4,408 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of BrightSphere Investment Group during the 1st quarter worth about $9,312,000.

BrightSphere Investment Group Company Profile

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BrightSphere Investment Group, Inc is a holding company, which engages in the provision of asset management services. It also focuses on the development of new business opportunities in domestic and international markets. The firm operates through the following segments: Quant & Solutions, Alternatives and Liquid Alpha.