BrightSphere Investment Group (NYSE:BSIG) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of BrightSphere Investment Group (NYSE:BSIG) in a research report sent to investors on Tuesday. The firm issued a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada lowered BrightSphere Investment Group from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $30.00 to $33.00 in a research report on Tuesday, December 10th. Morgan Stanley lowered their price target on BrightSphere Investment Group from $26.00 to $25.00 and set an “underweight” rating for the company in a research report on Friday, December 20th. Evercore ISI increased their price target on BrightSphere Investment Group from $28.00 to $31.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets reissued a “sector perform” rating and issued a $33.00 price target (up from $30.00) on shares of BrightSphere Investment Group in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $30.50.

BrightSphere Investment Group Price Performance

The stock has a market cap of $982.96 million, a price-to-earnings ratio of 15.96 and a beta of 1.45. The company has a 50 day moving average of $29.00 and a two-hundred day moving average of $25.74. BrightSphere Investment Group has a 12-month low of $18.09 and a 12-month high of $31.52.

Institutional Investors Weigh In On BrightSphere Investment Group

Large investors have recently made changes to their positions in the business. Barclays PLC increased its holdings in BrightSphere Investment Group by 180.9% in the 3rd quarter. Barclays PLC now owns 66,754 shares of the company’s stock worth $1,695,000 after acquiring an additional 42,989 shares during the last quarter. Verition Fund Management LLC purchased a new stake in BrightSphere Investment Group in the 3rd quarter worth about $213,000. Impax Asset Management Group plc increased its holdings in BrightSphere Investment Group by 4.8% in the 3rd quarter. Impax Asset Management Group plc now owns 1,098,818 shares of the company’s stock worth $27,910,000 after acquiring an additional 50,000 shares during the last quarter. Quest Partners LLC increased its holdings in BrightSphere Investment Group by 329.0% in the 3rd quarter. Quest Partners LLC now owns 28,459 shares of the company’s stock worth $723,000 after acquiring an additional 21,825 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in BrightSphere Investment Group in the 3rd quarter worth about $458,000. 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.