Brightsphere Investment Group PLC (NYSE:BSIG) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lessened its position in Brightsphere Investment Group PLC (NYSE:BSIG) by 36.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,534 shares of the company’s stock after selling 6,068 shares during the period. Wedge Capital Management L L P NC’s holdings in Brightsphere Investment Group were worth $104,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BSIG. Nisa Investment Advisors LLC acquired a new position in shares of Brightsphere Investment Group in the second quarter valued at approximately $57,000. Robeco Institutional Asset Management B.V. raised its position in shares of Brightsphere Investment Group by 48.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 441,725 shares of the company’s stock valued at $5,040,000 after buying an additional 144,384 shares during the last quarter. Rothschild & Co. Asset Management US Inc. increased its position in Brightsphere Investment Group by 1.2% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 993,825 shares of the company’s stock worth $11,340,000 after purchasing an additional 11,775 shares during the last quarter. SG Americas Securities LLC increased its position in Brightsphere Investment Group by 19.0% during the second quarter. SG Americas Securities LLC now owns 10,739 shares of the company’s stock worth $123,000 after purchasing an additional 1,717 shares during the last quarter. Finally, Velanne Asset Management Ltd increased its position in Brightsphere Investment Group by 1.6% during the second quarter. Velanne Asset Management Ltd now owns 533,856 shares of the company’s stock worth $6,091,000 after purchasing an additional 8,534 shares during the last quarter. 1.98% of the stock is owned by institutional investors and hedge funds.

BSIG stock traded up $0.06 on Friday, hitting $10.16. 347,532 shares of the company were exchanged, compared to its average volume of 600,573. Brightsphere Investment Group PLC has a twelve month low of $8.40 and a twelve month high of $14.87. The company has a debt-to-equity ratio of 3.62, a current ratio of 0.63 and a quick ratio of 0.63. The business’s fifty day moving average is $9.73 and its two-hundred day moving average is $10.76. The stock has a market capitalization of $910.03 million, a price-to-earnings ratio of 5.46, a price-to-earnings-growth ratio of 1.26 and a beta of 1.84.

Brightsphere Investment Group (NYSE:BSIG) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Brightsphere Investment Group had a return on equity of 228.89% and a net margin of 21.67%. The company had revenue of $197.80 million for the quarter, compared to analyst estimates of $205.68 million. During the same period last year, the company posted $0.46 EPS. The business’s revenue for the quarter was down 14.0% on a year-over-year basis. Equities research analysts expect that Brightsphere Investment Group PLC will post 1.73 earnings per share for the current year.

Several brokerages recently commented on BSIG. Wells Fargo & Co reaffirmed a “buy” rating on shares of Brightsphere Investment Group in a research report on Tuesday, November 5th. Credit Suisse Group reaffirmed a “buy” rating and set a $16.00 price target on shares of Brightsphere Investment Group in a research report on Wednesday, September 11th. Morgan Stanley dropped their price target on shares of Brightsphere Investment Group from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Finally, Zacks Investment Research raised shares of Brightsphere Investment Group from a “sell” rating to a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $14.25.

Brightsphere Investment Group 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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