PDT Partners LLC Purchases 5,418 Shares of BrightSphere Investment Group Inc. (NYSE:BSIG)

PDT Partners LLC increased its position in shares of BrightSphere Investment Group Inc. (NYSE:BSIG) by 13.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,166 shares of the company’s stock after purchasing an additional 5,418 shares during the period. PDT Partners LLC owned 0.13% of BrightSphere Investment Group worth $1,198,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Verition Fund Management LLC bought a new stake in BrightSphere Investment Group during the 3rd quarter valued at approximately $213,000. Jennison Associates LLC grew its holdings in BrightSphere Investment Group by 25.3% during the 3rd quarter. Jennison Associates LLC now owns 968,936 shares of the company’s stock valued at $24,611,000 after buying an additional 195,417 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of BrightSphere Investment Group by 329.0% in the third quarter. Quest Partners LLC now owns 28,459 shares of the company’s stock worth $723,000 after buying an additional 21,825 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of BrightSphere Investment Group by 29.4% during the third quarter. GSA Capital Partners LLP now owns 46,993 shares of the company’s stock worth $1,194,000 after acquiring an additional 10,674 shares during the last quarter. Finally, Impax Asset Management Group plc grew its stake in BrightSphere Investment Group by 4.8% during the third quarter. Impax Asset Management Group plc now owns 1,098,818 shares of the company’s stock valued at $27,910,000 after acquiring an additional 50,000 shares in the last quarter. Hedge funds and other institutional investors own 98.69% of the company’s stock.

BrightSphere Investment Group Stock Down 0.1 %

BSIG opened at $31.18 on Monday. The business has a fifty day moving average of $27.36 and a 200 day moving average of $24.72. BrightSphere Investment Group Inc. has a 52-week low of $17.32 and a 52-week high of $31.52. The stock has a market cap of $1.16 billion, a P/E ratio of 18.90 and a beta of 1.41.

BrightSphere Investment Group (NYSE:BSIG) last issued its earnings results on Thursday, October 31st. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The firm had revenue of $123.10 million during the quarter, compared to analyst estimates of $114.95 million. BrightSphere Investment Group had a net margin of 13.92% and a return on equity of 7,606.72%. During the same period in the previous year, the firm earned $0.45 earnings per share. Equities analysts anticipate that BrightSphere Investment Group Inc. will post 2.59 EPS for the current fiscal year.

BrightSphere Investment Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a yield of 0.13%. BrightSphere Investment Group’s dividend payout ratio is currently 2.42%.

Analyst Ratings Changes

Several analysts have commented on BSIG shares. Morgan Stanley cut shares of BrightSphere Investment Group from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $23.00 to $26.00 in a research note on Friday, October 18th. StockNews.com raised BrightSphere Investment Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Evercore ISI lifted their price objective on BrightSphere Investment Group from $28.00 to $31.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada increased their target price on BrightSphere Investment Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $29.00.

About BrightSphere Investment Group

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.