Brightsphere Investment Group (NYSE:BSIG) released its earnings results on Thursday. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01, Briefing.com reports. The firm had revenue of $230.10 million during the quarter, compared to analyst estimates of $227.95 million. Brightsphere Investment Group had a net margin of 3.06% and a return on equity of 138.53%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS.
Shares of NYSE BSIG traded down $0.30 during midday trading on Friday, reaching $12.10. 523,407 shares of the stock were exchanged, compared to its average volume of 625,108. Brightsphere Investment Group has a 12 month low of $11.15 and a 12 month high of $18.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 1.02.
A number of equities analysts have recently weighed in on the stock. Citigroup reduced their price target on shares of Brightsphere Investment Group from $17.50 to $16.50 and set a “buy” rating on the stock in a research report on Friday. Keefe, Bruyette & Woods reissued a “buy” rating and set a $19.00 price target on shares of Brightsphere Investment Group in a research report on Friday, July 13th. Morgan Stanley reduced their price target on shares of Brightsphere Investment Group from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 12th. Finally, Zacks Investment Research raised shares of Brightsphere Investment Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $18.64.
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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