BrightSphere Investment Group (NYSE:BSIG) Downgraded by StockNews.com

BrightSphere Investment Group (NYSE:BSIG) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

BrightSphere Investment Group Price Performance

NYSE:BSIG traded up $0.18 during mid-day trading on Monday, reaching $24.93. 114,229 shares of the company’s stock traded hands, compared to its average volume of 296,117. BrightSphere Investment Group has a 12-month low of $15.23 and a 12-month high of $25.29. The firm has a market capitalization of $941.36 million, a price-to-earnings ratio of 15.20 and a beta of 1.45. The company has a 50 day moving average price of $22.75 and a 200-day moving average price of $22.29.

BrightSphere Investment Group (NYSE:BSIG) last posted its earnings results on Thursday, May 2nd. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. BrightSphere Investment Group had a return on equity of 438.16% and a net margin of 15.53%. The firm had revenue of $105.70 million for the quarter, compared to the consensus estimate of $101.32 million. As a group, analysts forecast that BrightSphere Investment Group will post 2.22 EPS for the current year.

Institutional Trading of BrightSphere Investment Group

A number of hedge funds have recently made changes to their positions in the stock. Azora Capital LP boosted its position in shares of BrightSphere Investment Group by 4.4% in the 4th quarter. Azora Capital LP now owns 2,115,143 shares of the company’s stock worth $40,526,000 after purchasing an additional 88,859 shares in the last quarter. Impax Asset Management Group plc boosted its position in shares of BrightSphere Investment Group by 10.5% in the 4th quarter. Impax Asset Management Group plc now owns 1,048,818 shares of the company’s stock worth $20,095,000 after purchasing an additional 100,000 shares in the last quarter. Jennison Associates LLC boosted its position in shares of BrightSphere Investment Group by 29.4% in the 1st quarter. Jennison Associates LLC now owns 759,391 shares of the company’s stock worth $17,344,000 after purchasing an additional 172,318 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of BrightSphere Investment Group by 10.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 741,127 shares of the company’s stock worth $14,200,000 after purchasing an additional 68,114 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of BrightSphere Investment Group by 75.7% in the 4th quarter. Victory Capital Management Inc. now owns 452,834 shares of the company’s stock worth $8,676,000 after purchasing an additional 195,036 shares in the last quarter. 98.69% of the stock is owned by institutional investors.

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.