Media stories about Brightsphere Investment Group (NYSE:BSIG) have trended positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brightsphere Investment Group earned a media sentiment score of 0.36 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.9138997091366 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several equities analysts have weighed in on BSIG shares. Morgan Stanley lowered their price objective on shares of Brightsphere Investment Group from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $19.00 price objective on shares of Brightsphere Investment Group in a research report on Friday, July 13th. Finally, Zacks Investment Research upgraded shares of Brightsphere Investment Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 31st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $19.29.
NYSE BSIG traded up $0.01 on Wednesday, hitting $12.73. 218,100 shares of the stock were exchanged, compared to its average volume of 633,691. Brightsphere Investment Group has a 52-week low of $11.89 and a 52-week high of $18.62. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20.
Brightsphere Investment Group (NYSE:BSIG) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. Brightsphere Investment Group had a net margin of 3.06% and a return on equity of 138.53%. The business had revenue of $233.90 million for the quarter, compared to analysts’ expectations of $236.00 million. During the same period in the previous year, the company posted $0.42 EPS. Brightsphere Investment Group’s revenue was up 6.9% on a year-over-year basis. sell-side analysts forecast that Brightsphere Investment Group will post 1.86 earnings per share for the current year.
Brightsphere Investment Group Company 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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