HomeInvestmentTruist Monetary Corp Reduces Holdings in BrightSphere Funding Group Inc. (NYSE:BSIG)

Truist Monetary Corp Reduces Holdings in BrightSphere Funding Group Inc. (NYSE:BSIG)


Truist Monetary Corp lessened its place in shares of BrightSphere Funding Group Inc. (NYSE:BSIGGet Ranking) by 78.0% in the course of the third quarter, in response to its most up-to-date submitting with the Securities and Trade Fee (SEC). The fund owned 35,478 shares of the corporate’s inventory after promoting 125,873 shares in the course of the interval. Truist Monetary Corp owned 0.09% of BrightSphere Funding Group value $529,000 on the finish of the latest reporting interval.

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Various different institutional traders have additionally just lately made modifications to their positions within the firm. William Blair Funding Administration LLC bought a brand new place in shares of BrightSphere Funding Group in the course of the 2nd quarter valued at $24,622,000. ExodusPoint Capital Administration LP lifted its holdings in BrightSphere Funding Group by 3.4% in the course of the 2nd quarter. ExodusPoint Capital Administration LP now owns 505,455 shares of the corporate’s inventory value $9,103,000 after buying an extra 16,629 shares within the final quarter. Goldman Sachs Group Inc. lifted its holdings in BrightSphere Funding Group by 1.7% in the course of the 1st quarter. Goldman Sachs Group Inc. now owns 460,645 shares of the corporate’s inventory value $11,170,000 after buying an extra 7,867 shares within the final quarter. Maltese Capital Administration LLC lifted its holdings in BrightSphere Funding Group by 211.1% in the course of the 2nd quarter. Maltese Capital Administration LLC now owns 420,000 shares of the corporate’s inventory value $7,565,000 after buying an extra 285,000 shares within the final quarter. Lastly, Canada Pension Plan Funding Board bought a brand new stake in BrightSphere Funding Group in the course of the 1st quarter value about $9,312,000.

BrightSphere Funding Group Inventory Up 1.1 %

Shares of NYSE BSIG opened at $23.09 on Tuesday. The agency has a market capitalization of $956.71 million, a P/E ratio of 10.74 and a beta of 1.58. The inventory’s 50-day easy transferring common is $20.18 and its two-hundred day easy transferring common is $18.76. BrightSphere Funding Group Inc. has a twelve month low of $14.73 and a twelve month excessive of $26.48.

BrightSphere Funding Group (NYSE:BSIGGet Ranking) final introduced its quarterly earnings knowledge on Thursday, November third. The corporate reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. The agency had income of $86.80 million for the quarter, in comparison with analyst estimates of $85.89 million. BrightSphere Funding Group had a destructive return on fairness of 153.15% and a web margin of 23.92%. As a gaggle, analysis analysts anticipate that BrightSphere Funding Group Inc. will put up 1.71 EPS for the present fiscal yr.

BrightSphere Funding Group Publicizes Dividend

The corporate additionally just lately disclosed a quarterly dividend, which was paid on Friday, December thirtieth. Stockholders of report on Friday, December sixteenth got a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December fifteenth. This represents a $0.04 annualized dividend and a dividend yield of 0.17%. BrightSphere Funding Group’s dividend payout ratio (DPR) is presently 1.86%.

Analysts Set New Worth Targets

Various analysts just lately issued reviews on the corporate. Royal Financial institution of Canada elevated their value goal on BrightSphere Funding Group from $21.00 to $23.00 and gave the inventory an “outperform” score in a report on Monday, November seventh. TheStreet reduce BrightSphere Funding Group from a “c” score to a “d+” score in a report on Thursday, November third. Morgan Stanley upped their goal value on BrightSphere Funding Group from $19.00 to $20.00 and gave the inventory an “equal weight” score in a analysis be aware on Thursday, January nineteenth. Lastly, StockNews.com assumed protection on BrightSphere Funding Group in a analysis be aware on Wednesday, October twelfth. They issued a “maintain” score on the inventory.

BrightSphere Funding Group Firm Profile

(Get Ranking)

BrightSphere Funding Group Inc is a publically owned asset administration holding firm. The agency supplies its providers to people and establishments. It manages separate shopper centered portfolios via its subsidiaries. The agency additionally launches fairness mutual funds for its shoppers. It invests in public fairness, fastened earnings, and various funding markets via its subsidiaries.

Additional Studying

Institutional Ownership by Quarter for BrightSphere Investment Group (NYSE:BSIG)

This prompt information alert was generated by narrative science know-how and monetary knowledge from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to [email protected]

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