Brightsphere Investment Group PLC (NYSE:BSIG) announced a quarterly dividend on Monday, February 11th, Wall Street Journal reports. Investors of record on Friday, March 15th will be given a dividend of 0.10 per share on Friday, March 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, March 14th.
Shares of BSIG stock traded up $0.21 during trading hours on Monday, reaching $13.57. 735,212 shares of the stock were exchanged, compared to its average volume of 685,397. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. Brightsphere Investment Group has a 12-month low of $10.04 and a 12-month high of $16.34.
Brightsphere Investment Group (NYSE:BSIG) last released its earnings results on Thursday, February 7th. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.05. Brightsphere Investment Group had a net margin of 14.69% and a return on equity of 141.96%. The firm had revenue of $214.50 million for the quarter, compared to analyst estimates of $212.23 million. The firm’s revenue was down 13.9% compared to the same quarter last year. Equities analysts anticipate that Brightsphere Investment Group will post 1.63 earnings per share for the current fiscal year.
In related news, major shareholder Hna Eagle Holdco Llc sold 4,598,566 shares of the stock in a transaction on Monday, November 19th. The stock was sold at an average price of $12.80, for a total transaction of $58,861,644.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by company insiders.
BSIG has been the topic of several recent analyst reports. Citigroup dropped their price target on shares of Brightsphere Investment Group from $17.50 to $16.50 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Royal Bank of Canada set a $16.00 price target on shares of Brightsphere Investment Group and gave the company a “buy” rating in a research note on Friday. Keefe, Bruyette & Woods reiterated a “mkt perform” rating on shares of Brightsphere Investment Group in a research note on Wednesday, January 9th. Zacks Investment Research lowered shares of Brightsphere Investment Group from a “buy” rating to a “sell” rating in a research note on Tuesday, January 8th. Finally, Morgan Stanley set a $12.00 price target on shares of Brightsphere Investment Group and gave the company a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.75.
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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