Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Brightsphere Investment Group from a “buy” rating to a “sell” rating in a research note on Tuesday, January 8th. Keefe, Bruyette & Woods cut shares of Brightsphere Investment Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $15.25 to $13.00 in a research note on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.50.
Brightsphere Investment Group stock opened at $11.27 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. Brightsphere Investment Group has a 52 week low of $10.04 and a 52 week high of $18.62.
In other news, major shareholder Hna Eagle Holdco Llc sold 4,598,566 shares of Brightsphere Investment Group stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $12.80, for a total value of $58,861,644.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.61% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc boosted its stake in Brightsphere Investment Group by 0.6% during the third quarter. Vanguard Group Inc now owns 757,407 shares of the company’s stock worth $9,392,000 after buying an additional 4,395 shares in the last quarter. Clearbridge Investments LLC purchased a new position in shares of Brightsphere Investment Group during the 3rd quarter valued at $5,920,000. Vanguard Group Inc. lifted its position in shares of Brightsphere Investment Group by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 757,407 shares of the company’s stock valued at $9,392,000 after buying an additional 4,395 shares during the last quarter. Nordea Investment Management AB purchased a new position in shares of Brightsphere Investment Group during the 3rd quarter valued at $4,488,000. Finally, TIAA CREF Investment Management LLC purchased a new position in shares of Brightsphere Investment Group during the 3rd quarter valued at $15,822,000. 0.03% of the stock is currently owned by institutional investors.
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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