SG Americas Securities LLC Decreases Holdings in BrightSphere Investment Group Inc. (NYSE:BSIG)

SG Americas Securities LLC decreased its holdings in BrightSphere Investment Group Inc. (NYSE:BSIG) by 56.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,904 shares of the company’s stock after selling 8,788 shares during the period. SG Americas Securities LLC’s holdings in BrightSphere Investment Group were worth $132,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of BSIG. Advisory Services Network LLC purchased a new position in shares of BrightSphere Investment Group in the first quarter worth about $27,000. Tower Research Capital LLC TRC boosted its position in shares of BrightSphere Investment Group by 180.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,417 shares of the company’s stock valued at $51,000 after acquiring an additional 1,555 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of BrightSphere Investment Group by 12.4% in the third quarter. Public Employees Retirement System of Ohio now owns 4,532 shares of the company’s stock valued at $68,000 after acquiring an additional 500 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of BrightSphere Investment Group in the second quarter valued at approximately $124,000. Finally, Teachers Retirement System of The State of Kentucky bought a new position in shares of BrightSphere Investment Group in the third quarter valued at approximately $152,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Analyst Ratings Changes

BSIG has been the subject of a number of analyst reports. TheStreet upgraded shares of BrightSphere Investment Group from a “d+” rating to a “c-” rating in a research report on Thursday, January 25th. Morgan Stanley raised their price objective on shares of BrightSphere Investment Group from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, January 19th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $24.00 price objective on shares of BrightSphere Investment Group in a research report on Friday, February 2nd.

BrightSphere Investment Group Price Performance

Shares of BrightSphere Investment Group stock opened at $22.41 on Thursday. BrightSphere Investment Group Inc. has a 1 year low of $15.23 and a 1 year high of $24.00. The firm has a market cap of $856.29 million, a PE ratio of 14.46 and a beta of 1.49. The company has a 50 day simple moving average of $22.50 and a two-hundred day simple moving average of $19.88.

BrightSphere Investment Group (NYSE:BSIG) last announced its earnings results on Thursday, February 1st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.19. BrightSphere Investment Group had a net margin of 15.42% and a return on equity of 400.00%. The business had revenue of $131.20 million during the quarter, compared to analyst estimates of $127.57 million. As a group, research analysts anticipate that BrightSphere Investment Group Inc. will post 2.02 earnings per share for the current year.

BrightSphere Investment Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.04 annualized dividend and a yield of 0.18%. BrightSphere Investment Group’s payout ratio is presently 2.58%.

Insider Transactions at BrightSphere Investment Group

In other news, CEO Suren Rana sold 109,960 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $20.74, for a total value of $2,280,570.40. Following the completion of the sale, the chief executive officer now directly owns 130,967 shares in the company, valued at approximately $2,716,255.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 24.90% of the company’s stock.

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.