BrightSphere Investment Group (NYSE:BSIG – Get Free Report) 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 – Get Free Report) 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
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.
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