BrightSphere Investment Group (NYSE:BSIG) Price Target Lowered to $25.00 at Morgan Stanley

BrightSphere Investment Group (NYSE:BSIG) had its price target lowered by stock analysts at Morgan Stanley from $26.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Morgan Stanley’s target price points to a potential downside of 7.44% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets reaffirmed a “sector perform” rating and issued a $33.00 price target (up previously from $30.00) on shares of BrightSphere Investment Group in a research report on Tuesday, December 10th. Royal Bank of Canada cut BrightSphere Investment Group from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $30.00 to $33.00 in a research report on Tuesday, December 10th. StockNews.com upgraded BrightSphere Investment Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Evercore ISI raised their price objective on BrightSphere Investment Group from $28.00 to $31.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.50.

BrightSphere Investment Group Stock Down 3.6 %

NYSE BSIG opened at $27.01 on Friday. BrightSphere Investment Group has a 52 week low of $18.09 and a 52 week high of $31.52. The business has a 50 day moving average price of $28.97 and a 200-day moving average price of $25.48. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 16.37 and a beta of 1.45.

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

Institutional Investors Weigh In On BrightSphere Investment Group

Several large investors have recently made changes to their positions in BSIG. Azora Capital LP boosted its holdings in shares of BrightSphere Investment Group by 10.7% in the 3rd quarter. Azora Capital LP now owns 2,028,358 shares of the company’s stock worth $51,520,000 after buying an additional 195,728 shares during the last quarter. Jennison Associates LLC raised its position in BrightSphere Investment Group by 25.3% in the third quarter. Jennison Associates LLC now owns 968,936 shares of the company’s stock worth $24,611,000 after acquiring an additional 195,417 shares during the period. Renaissance Technologies LLC boosted its stake in BrightSphere Investment Group by 297.9% in the second quarter. Renaissance Technologies LLC now owns 154,000 shares of the company’s stock valued at $3,414,000 after acquiring an additional 115,300 shares during the last quarter. Marshall Wace LLP bought a new position in shares of BrightSphere Investment Group during the 2nd quarter valued at approximately $1,870,000. Finally, Maverick Capital Ltd. purchased a new stake in shares of BrightSphere Investment Group during the 2nd quarter worth approximately $1,204,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

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.