DGS Capital Management LLC Buys 646 Shares of BrightSphere Investment Group Inc. (NYSE:BSIG)

DGS Capital Management LLC lifted its position in shares of BrightSphere Investment Group Inc. (NYSE:BSIG) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,153 shares of the company’s stock after purchasing an additional 646 shares during the quarter. DGS Capital Management LLC owned about 0.07% of BrightSphere Investment Group worth $639,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of BSIG. Price T Rowe Associates Inc. MD bought a new position in shares of BrightSphere Investment Group in the first quarter worth approximately $214,000. Assenagon Asset Management S.A. lifted its position in BrightSphere Investment Group by 17.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 53,769 shares of the company’s stock valued at $1,192,000 after acquiring an additional 7,810 shares in the last quarter. Gladius Capital Management LP purchased a new stake in BrightSphere Investment Group during the 2nd quarter valued at $32,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of BrightSphere Investment Group by 67.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,802 shares of the company’s stock worth $195,000 after purchasing an additional 3,561 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of BrightSphere Investment Group in the second quarter worth $147,000. 98.69% of the stock is currently owned by institutional investors.

BrightSphere Investment Group Price Performance

Shares of NYSE:BSIG traded down $0.16 during trading hours on Friday, hitting $30.12. 9,359 shares of the company’s stock traded hands, compared to its average volume of 251,823. The business has a fifty day moving average price of $28.41 and a 200-day moving average price of $25.22. BrightSphere Investment Group Inc. has a 1 year low of $18.09 and a 1 year high of $31.52. The firm has a market capitalization of $1.12 billion, a P/E ratio of 18.36 and a beta of 1.45.

BrightSphere Investment Group (NYSE:BSIG) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.59 earnings per share (EPS) for the quarter, beating 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 business earned $0.45 EPS. As a group, equities analysts predict that BrightSphere Investment Group Inc. will post 2.59 earnings per share for the current year.

BrightSphere Investment Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend is Friday, December 13th. BrightSphere Investment Group’s payout ratio is 2.42%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BSIG. Evercore ISI raised their price target on shares of BrightSphere Investment Group from $28.00 to $31.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. StockNews.com raised shares of BrightSphere Investment Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets reiterated a “sector perform” rating and issued a $33.00 price target (up from $30.00) on shares of BrightSphere Investment Group in a report on Tuesday. Morgan Stanley downgraded shares of BrightSphere Investment Group from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $23.00 to $26.00 in a report on Friday, October 18th. Finally, Royal Bank of Canada cut BrightSphere Investment Group from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $30.00 to $33.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, BrightSphere Investment Group has a consensus rating of “Hold” and an average price target of $30.75.

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.