Huber Capital Management LLC lessened its holdings in Brightsphere Investment Group PLC (NYSE:BSIG) by 10.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 738,240 shares of the company’s stock after selling 89,007 shares during the quarter. Huber Capital Management LLC owned 0.67% of Brightsphere Investment Group worth $10,527,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in BSIG. Prudential Financial Inc. acquired a new position in Brightsphere Investment Group during the first quarter worth $7,976,000. Allianz Asset Management GmbH acquired a new position in shares of Brightsphere Investment Group in the first quarter valued at $15,881,000. LSV Asset Management acquired a new position in shares of Brightsphere Investment Group in the first quarter valued at $6,802,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Brightsphere Investment Group in the first quarter valued at $5,758,000. Finally, WBI Investments Inc. acquired a new position in shares of Brightsphere Investment Group in the first quarter valued at $3,451,000. 1.34% of the stock is currently owned by institutional investors and hedge funds.
BSIG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $19.00 price objective on shares of Brightsphere Investment Group in a research report on Friday, July 13th. Zacks Investment Research raised Brightsphere Investment Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. Finally, Morgan Stanley decreased their target price on shares of Brightsphere Investment Group from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, July 12th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Brightsphere Investment Group presently has an average rating of “Buy” and a consensus price target of $19.29.
Shares of Brightsphere Investment Group stock traded up $0.04 during trading hours on Wednesday, hitting $12.76. 1,108 shares of the company’s stock traded hands. Brightsphere Investment Group PLC has a 12-month low of $11.89 and a 12-month high of $18.62. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.20.
Brightsphere Investment Group (NYSE:BSIG) last posted its earnings results on Thursday, August 2nd. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The business had revenue of $233.90 million during the quarter, compared to analyst estimates of $236.00 million. Brightsphere Investment Group had a return on equity of 138.53% and a net margin of 3.06%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. equities research analysts expect that Brightsphere Investment Group PLC will post 1.86 EPS for the current year.
Brightsphere Investment Group Profile
BrightSphere Investment Group plc 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.
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