Brightsphere Investment Group PLC (NYSE:BSIG) Position Increased by Maltese Capital Management LLC
Maltese Capital Management LLC grew its stake in shares of Brightsphere Investment Group PLC (NYSE:BSIG) by 9.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 460,000 shares of the company’s stock after purchasing an additional 41,100 shares during the period. Maltese Capital Management LLC owned approximately 0.42% of Brightsphere Investment Group worth $6,560,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of BSIG. BlackRock Inc. purchased a new stake in shares of Brightsphere Investment Group during the 1st quarter valued at approximately $65,788,000. Millennium Management LLC bought a new position in shares of Brightsphere Investment Group during the 1st quarter valued at $41,182,000. Lord Abbett & CO. LLC bought a new position in shares of Brightsphere Investment Group during the 1st quarter valued at $27,284,000. Dimensional Fund Advisors LP bought a new stake in Brightsphere Investment Group in the 1st quarter worth $24,949,000. Finally, Federated Investors Inc. PA bought a new stake in Brightsphere Investment Group in the 1st quarter worth $20,246,000. 1.34% of the stock is owned by institutional investors.
BSIG has been the subject of several research analyst reports. Zacks Investment Research raised shares of Brightsphere Investment Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $19.00 price target on shares of Brightsphere Investment Group in a research note on Friday, July 13th. Finally, Morgan Stanley cut 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 has an average rating of “Buy” and an average target price of $19.29.
Brightsphere Investment Group (NYSE:BSIG) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $233.90 million during the quarter, compared to analyst estimates of $236.00 million. During the same period last year, the firm posted $0.42 EPS. Brightsphere Investment Group’s revenue was up 6.9% on a year-over-year basis. analysts expect that Brightsphere Investment Group PLC will post 1.86 EPS for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, September 13th. Brightsphere Investment Group’s payout ratio is 16.67%.
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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