Streetbeat News

BSIG

BrightSphere Investment Group Inc.

https://www.bsig.com

Industry

Asset Management

BrightSphere Investment Group Inc. 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. The firm was founded in 1980 is based Boston, Massachusetts. It was formally known as BrightSphere Investment Group plc. BrightSphere Investment Group Inc. was formed in 1980 and is based in Boston, Massachusetts.

Open

29.80

Mkt cap

1.1B

Volume

269K

High

29.94

P/E Ratio

18.04

52-wk high

30.49

Low

29.12

Div yield

0.00

52-wk low

17.12

BrightSphere Investment (NYSE:BSIG) reported Q4 adjusted EPS of $0.77, surpassing the $0.58 estimate, and adjusted sales of $131.00M, exceeding the $123.00M estimate. This represents a 14.93% increase in EPS and a 7.11% increase in sales from the same period last year.

Portfolio Pulse from totan@benzinga.com

February 01, 2024 | 12:04 pm

Numerous companies are scheduled to report their quarterly earnings on February 1, 2024, covering a wide range of industries from technology to healthcare. Notable mentions include Apple, Amazon, Meta Platforms, and Shell, with expectations set for both earnings per share and revenue. This diverse earnings report day will provide investors with significant insights into various sectors' performance.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 10:03 am

BrightSphere Investment (NYSE:BSIG) is expected to report an EPS of $0.58 in its upcoming quarterly earnings on February 1, 2024. Investors are looking for an earnings beat and positive guidance for the next quarter. In the past, BSIG has exceeded EPS estimates, leading to share price increases. However, over the last year, shares have declined by 10.13%, indicating bearish sentiment among long-term shareholders. The stock was trading at $22.5 as of January 30.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:02 pm

RBC Capital analyst Kenneth Lee has maintained an Outperform rating on BrightSphere Investment (NYSE:BSIG) and increased the price target from $21 to $24.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 4:08 pm

Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on BrightSphere Investment (NYSE:BSIG) and increased the price target from $20 to $22.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:28 pm

RBC Capital analyst Kenneth Lee maintains an Outperform rating on BrightSphere Investment (NYSE:BSIG) but has lowered the price target from $23 to $21.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:43 pm

BrightSphere Investment (NYSE:BSIG) reported Q3 2023 earnings of $0.45 per share, beating the analyst consensus estimate of $0.30 by 50%. The company also reported quarterly sales of $106.50 million, surpassing the analyst consensus estimate of $87.20 million by 22.13%. Both earnings and sales figures represent significant increases from the same period last year.

Portfolio Pulse from totan@benzinga.com

November 02, 2023 | 11:59 am

Analysts have provided ratings for BrightSphere Investment (NYSE:BSIG) within the last quarter, with one somewhat bullish rating and three indifferent ratings. The average price target is $22.25, representing an upside from the current price of $18.28. This average represents a 3.26% decrease from the previous average price target of $23.00.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 3:00 pm

Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on BrightSphere Investment (NYSE:BSIG) and lowered the price target from $21 to $20.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 2:44 pm

Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on BrightSphere Investment (NYSE:BSIG) but lowered the price target from $22 to $21.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 3:03 pm

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