January 31, 2023

The most recent Form 13F filing that Assenagon Asset Management SA filed with the SEC revealed that the company’s stake in BrightSphere Investment Group Inc. (NYSE: BSIG) was reduced by 79.8 percent in the third quarter. The fund had 18,739 shares of the company at the end of the period, although it had sold 73,838 shares of the company throughout the period. Assenagon Asset Management SA valued BrightSphere Investment Group at $279,000 based on the company’s most recent disclosure to the SEC.

Additionally, several prominent investors have made adjustments to the number of shares in the company they own in recent months. As the company purchased additional shares during the first quarter, AlphaCrest Capital Management LLC’s holdings in BrightSphere Investment Group increased by approximately $240,000. This was because the company was buying more shares. Natixis Advisors LP increased its holdings of shares in BrightSphere Investment Group by 1.2% in the first three months of 2018. Natixis Advisors LP now has a total of 63,964 shares after purchasing an additional 744 shares last quarter. The value of company shares held by Natixis Advisors LP is now $1,551,000. During the first quarter of this year, the Commonwealth of Pennsylvania Public School Employees’ Pension Scheme increased the proportion of shares owned by BrightSphere Investment Group by 11.4%. This increase occurred in the first three months of the year. Following the purchase of an additional 3,100 shares of the Company’s shares during the most recent fiscal quarter, the Commonwealth of Pennsylvania Public School Empls Retrmt SYS now holds a total of 30,194 shares of the Company’s shares, which together have a market value of $732,000. A 9.7% increase in Sei Investments Company’s stake in BrightSphere Investment Group was completed in the first three months of 2018. Since the beginning of the previous fiscal quarter, Sei Investments Company has purchased a total of 4,408 additional shares of the Company, bringing the total number of shares to 49,953, valued at $1,210,000. In addition, during the first three months of the year, the Canada Pension Plan Investment Board completed the purchase of a new interest in BrightSphere Investment Group. This new interest was valued at approximately $9,312,000 at the time of purchase.

Recently, the topic of BSIG has been the focus of various research articles written by different authors. Having previously received a rating of “c”, BrightSphere Investment Group’s stock was given a “d+” rating by TheStreet on November 3. The investment bank lowered its price target on the company’s shares to 19 from $18. $00 increased. A research note was published on Friday, November 4th stating that these two changes would be made. StockNews.com published a research study Oct. 12 in which they discussed shares in BrightSphere Investment Group for the first time. The article was titled “Shares in BrightSphere Investment Group.” They recommended that shareholders “hold” their shares in the company. The Royal Bank of Canada previously gave BrightSphere Investment Group an underperform rating; However, that rating was upgraded to Outperform status in a research note published on November 7th.

BrightSphere Investment Group shares were initially offered for sale in the market Thursday at $21.69 a share. During the trailing 12 months, BrightSphere Investment Group Inc.’s stock price ranged from a low of $14.73 to a high of $26.48. The company’s current market cap is $898.70 million, the stock’s P/E is 10.09, and its beta is 1.58. The company’s 50-day simple moving average is $19.97 and its 200-day simple moving average is $18.63.

On November 3, BrightSphere Investment Group, which trades on the New York Stock Exchange under the symbol BSIG, released its report on the company’s performance. The company reported quarterly earnings per share (EPS) of $0.30, up $0.03 from the median forecast of $0.27. The consensus forecast was $0.27. The BrightSphere Investment Group achieved a return on equity of 153.15% and a net margin of 23.92%. Revenue for the quarter was significantly higher than the $85.89 million that analysts were expecting, coming in at $86.80 million instead. According to forecasts by research analysts, the current fiscal year will end with BrightSphere Investment Group Inc. earning 1.7 cents per share.

In addition, the company announced a quarterly dividend, which was paid on Friday, December 30th as a Christmas present to shareholders. A dividend payment of $0.01 was made to shareholders who were self-registered on the business day prior to the dividend payment date, which was Friday, December 16th a dividend yield of 0.18%. BrightSphere Investment Group’s payout ratio is currently 1.86%.

Asset management is the primary focus of the BrightSphere Investment Group Inc. holding company, which trades on public markets. When using the services offered by the company, customers can be individuals or organizations. It does this by managing a variety of client-facing portfolios through its subsidiaries. These portfolios are managed individually. Additionally, the company offers its clients access to equity mutual funds, which is a useful investment option. To do this, it invests through its subsidiaries in the public stock market, the bond market and the alternative investment market.

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