273,233 Shares in Brightsphere Investment Group PLC (BSIG) Purchased by Interval Partners LP

Interval Partners LP acquired a new position in Brightsphere Investment Group PLC (NYSE:BSIG) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 273,233 shares of the company’s stock, valued at approximately $4,306,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Brightsphere Investment Group in the 1st quarter worth approximately $65,788,000. Lord Abbett & CO. LLC purchased a new position in Brightsphere Investment Group in the 1st quarter worth approximately $27,284,000. Dimensional Fund Advisors LP purchased a new position in Brightsphere Investment Group in the 1st quarter worth approximately $24,949,000. Federated Investors Inc. PA purchased a new position in Brightsphere Investment Group in the 1st quarter worth approximately $20,246,000. Finally, Wells Fargo & Company MN bought a new stake in Brightsphere Investment Group in the 1st quarter worth approximately $15,468,000. Institutional investors own 2.89% of the company’s stock.

In other news, Director James Joseph Ritchie sold 20,853 shares of the business’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $15.69, for a total transaction of $327,183.57. Following the completion of the sale, the director now owns 67,507 shares of the company’s stock, valued at approximately $1,059,184.83. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Christopher Hadley sold 12,000 shares of the business’s stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $15.61, for a total transaction of $187,320.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,323 shares of company stock valued at $709,174. Insiders own 0.61% of the company’s stock.

NYSE:BSIG opened at $16.04 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.96 and a quick ratio of 0.96. Brightsphere Investment Group PLC has a 12 month low of $13.20 and a 12 month high of $18.62.

Brightsphere Investment Group (NYSE:BSIG) last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. Brightsphere Investment Group had a net margin of 4.26% and a return on equity of 143.17%. The firm had revenue of $249.70 million during the quarter, compared to the consensus estimate of $238.84 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 26.9% compared to the same quarter last year. research analysts anticipate that Brightsphere Investment Group PLC will post 1.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be given a dividend of $0.10 per share. This is an increase from Brightsphere Investment Group’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.49%. Brightsphere Investment Group’s payout ratio is presently 22.22%.

A number of equities research analysts have commented on BSIG shares. Citigroup cut their target price on shares of Brightsphere Investment Group from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, May 4th. Sandler O’Neill raised shares of Brightsphere Investment Group from a “hold” rating to a “buy” rating in a research report on Monday, April 30th. Zacks Investment Research raised shares of Brightsphere Investment Group from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Friday, March 30th. Morgan Stanley cut their target price on shares of Brightsphere Investment Group from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 10th. Finally, Credit Suisse Group lifted their target price on shares of Brightsphere Investment Group from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, May 4th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Brightsphere Investment Group currently has an average rating of “Buy” and an average target price of $20.00.

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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Institutional Ownership by Quarter for Brightsphere Investment Group (NYSE:BSIG)

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