DGS Capital Management LLC Boosts Stock Position in BrightSphere Investment Group Inc. (NYSE:BSIG)

DGS Capital Management LLC raised its position in shares of BrightSphere Investment Group Inc. (NYSE:BSIG) by 49.2% during the 4th quarter, Holdings Channel reports. The firm owned 20,035 shares of the company’s stock after buying an additional 6,603 shares during the quarter. DGS Capital Management LLC’s holdings in BrightSphere Investment Group were worth $384,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in shares of BrightSphere Investment Group during the 1st quarter worth $27,000. Tower Research Capital LLC TRC grew its holdings in shares of BrightSphere Investment Group by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,417 shares of the company’s stock worth $51,000 after purchasing an additional 1,555 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of BrightSphere Investment Group by 12.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,532 shares of the company’s stock worth $68,000 after purchasing an additional 500 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of BrightSphere Investment Group during the 2nd quarter worth $124,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in shares of BrightSphere Investment Group during the 3rd quarter worth $152,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

BrightSphere Investment Group Price Performance

Shares of BrightSphere Investment Group stock opened at $22.74 on Wednesday. The business has a 50-day moving average of $22.47 and a 200 day moving average of $19.86. BrightSphere Investment Group Inc. has a 12 month low of $15.23 and a 12 month high of $24.00. The stock has a market capitalization of $868.70 million, a price-to-earnings ratio of 14.67 and a beta of 1.49.

BrightSphere Investment Group (NYSE:BSIG) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.19. The company had revenue of $131.20 million for the quarter, compared to analyst estimates of $127.57 million. BrightSphere Investment Group had a return on equity of 400.00% and a net margin of 15.42%. Equities research analysts anticipate that BrightSphere Investment Group Inc. will post 2.02 earnings per share for the current year.

BrightSphere Investment Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date of this dividend was Thursday, March 14th. BrightSphere Investment Group’s dividend payout ratio is currently 2.58%.

Insider Buying and Selling at BrightSphere Investment Group

In other BrightSphere Investment Group news, CEO Suren Rana sold 109,960 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $20.74, for a total value of $2,280,570.40. Following the sale, the chief executive officer now owns 130,967 shares of the company’s stock, valued at approximately $2,716,255.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 24.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BSIG. TheStreet upgraded BrightSphere Investment Group from a “d+” rating to a “c-” rating in a report on Thursday, January 25th. Morgan Stanley raised their target price on BrightSphere Investment Group from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, January 19th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $24.00 target price on shares of BrightSphere Investment Group in a report on Friday, February 2nd.

BrightSphere Investment Group Profile

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.