BrightSphere Investment Group Inc. (NYSE: BSIG) is -32.49% lower on its value in year-to-date trading and has touched a low of $3.61 and a high of $14.87 in the current 52-week trading range. The BSIG stock was last observed hovering at around $6.45 in the last trading session, with the day’s gains setting it 0.45% off its average median price target of $7.25 for the next 12 months. It is also 46.92% off the consensus price target high of $13.00 offered by analysts, but current levels are -31.43% lower than the price target low of $5.25 for the same period.
Currently trading at $6.90, the stock is 14.89% and -2.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 937047.0 and changing 6.98% at the moment leaves the stock -24.73% off its SMA200. BSIG registered -52.71% loss for a year compared to 6-month loss of -27.22%. The firm has a 50-day simple moving average (SMA 50) of $5.82 and a 200-day simple moving average (SMA200) of $8.80.
The stock witnessed a 22.12% gain in the last 1 month and extending the period to 3 months gives it a -27.37%, and is 27.31% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.83% over the week and 10.96% over the month.
BrightSphere Investment Group Inc. (BSIG) has around 960 employees, a market worth around $620.80M and $858.90M in sales. Current P/E ratio is 4.43 and Fwd P/E is 5.02. Profit margin for the company is 18.30%. Distance from 52-week low is 91.14% and -53.60% from its 52-week high. The company has generated returns on investments over the last 12 months (19.60%).
BrightSphere Investment Group Inc. (BSIG) Analyst Forecasts
BrightSphere Investment Group Inc. is expected to release its quarterly report on 05/07/2020 and quarterly earnings per share for the current quarter are estimated at $0.37 with sales reaching $178.37M over the same period.The EPS is expected to grow by 9.90% this year, but quarterly earnings will post -18.20% year-over-year. Quarterly sales are estimated to shrink -13.30% in year-over-year returns.
BrightSphere Investment Group Inc. (BSIG) Top Institutional Holders
211 institutions hold shares in BrightSphere Investment Group Inc. (BSIG), with 820.91k shares held by insiders accounting for 0.96% while institutional investors hold 103.69% of the company’s shares. The shares outstanding are 89.97M, and float is at 84.89M with Short Float at 1.68%. Institutions hold 102.70% of the Float.
The top institutional shareholder in the company is Paulson & Company, Inc. with over 20.0 million shares valued at $204.41 million. The investor’s holdings represent 23.34% of the BSIG Shares outstanding. As of Dec 30, 2019, the second largest holder is FMR, LLC with 8.6 million shares valued at $87.91 million to account for 10.04% of the shares outstanding. The other top investors are Blackrock Inc. which holds 4.97 million shares representing 5.80% and valued at over $50.78 million, while Vanguard Group, Inc. (The) holds 5.12% of the shares totaling 4.39 million with a market value of $44.86 million.
BrightSphere Investment Group Inc. (BSIG) Insider Activity
A total of 10 insider transactions have happened at BrightSphere Investment Group Inc. (BSIG) in the last six months, with sales accounting for 4 and purchases happening 6 times. The most recent transaction is an insider sale by Mahoney Daniel K., the company’s Head of Finance/PAO. SEC filings show that Mahoney Daniel K. sold 1,174 shares of the company’s common stock on Feb 18 at a price of $10.51 per share for a total of $12344.0. Following the sale, the insider now owns 9867.0 shares.
BrightSphere Investment Group Inc. disclosed in a document filed with the SEC on Dec 30 that YANG GUANG (President and CEO) bought a total of 25,000 shares of the company’s common stock. The trade occurred on Dec 30 and was made at $10.10 per share for $252500.0. Following the transaction, the insider now directly holds 100001.0 shares of the BSIG stock.
Still, SEC filings show that on Dec 27, YANG GUANG (President and CEO) acquired 25,000 shares at an average price of $10.18 for $254500.0. The insider now directly holds 75,001 shares of BrightSphere Investment Group Inc. (BSIG).