Brightsphere Investment Group PLC (NYSE:BSIG) declared a dividend on Thursday, November 1st, Fidelity reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.10 per share on Friday, December 28th. The ex-dividend date is Thursday, December 13th.
Shares of BSIG stock traded down $0.23 on Friday, reaching $11.77. The company had a trading volume of 640,349 shares. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. Brightsphere Investment Group has a one year low of $11.15 and a one year high of $18.62.
Brightsphere Investment Group (NYSE:BSIG) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business 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 6.71% and a return on equity of 147.71%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. On average, analysts anticipate that Brightsphere Investment Group will post 1.87 earnings per share for the current fiscal year.
In other Brightsphere Investment Group news, major shareholder Hna Eagle Holdco Llc sold 4,598,566 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $12.80, for a total transaction of $58,861,644.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by company insiders.
BSIG has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Brightsphere Investment Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 11th. Citigroup dropped their price objective on shares of Brightsphere Investment Group from $17.50 to $16.50 and set a “buy” rating for the company in a report on Friday, November 2nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Brightsphere Investment Group currently has a consensus rating of “Buy” and a consensus price target of $18.21.
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About Brightsphere Investment Group
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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