Hillsdale Investment Management Inc. lifted its stake in Brightsphere Investment Group PLC (NYSE:BSIG) by 5.5% in the third quarter, HoldingsChannel.com reports. The fund owned 96,530 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Brightsphere Investment Group were worth $1,197,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BSIG. Citadel Advisors LLC lifted its stake in shares of Brightsphere Investment Group by 712.5% in the 2nd quarter. Citadel Advisors LLC now owns 1,125,413 shares of the company’s stock worth $16,048,000 after acquiring an additional 986,904 shares during the period. Jennison Associates LLC lifted its stake in shares of Brightsphere Investment Group by 21.2% in the 2nd quarter. Jennison Associates LLC now owns 4,158,138 shares of the company’s stock worth $59,295,000 after acquiring an additional 726,469 shares during the period. BlackRock Inc. lifted its stake in shares of Brightsphere Investment Group by 8.5% in the 2nd quarter. BlackRock Inc. now owns 4,531,146 shares of the company’s stock worth $64,612,000 after acquiring an additional 356,726 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Brightsphere Investment Group by 118.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 432,947 shares of the company’s stock worth $6,174,000 after acquiring an additional 234,947 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Brightsphere Investment Group by 10.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,744,599 shares of the company’s stock worth $24,878,000 after acquiring an additional 161,521 shares during the period. 1.34% of the stock is owned by institutional investors.

BSIG stock opened at $12.55 on Wednesday. Brightsphere Investment Group PLC has a 52-week low of $11.15 and a 52-week high of $18.62. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15.

Brightsphere Investment Group (NYSE:BSIG) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. Brightsphere Investment Group had a net margin of 6.71% and a return on equity of 147.71%. The business had revenue of $230.10 million for the quarter, compared to analyst estimates of $227.95 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, analysts expect that Brightsphere Investment Group PLC will post 1.87 earnings per share for the current year.

A number of research firms recently commented on BSIG. Zacks Investment Research upgraded shares of Brightsphere Investment Group from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, November 16th. Citigroup dropped their target price on shares of Brightsphere Investment Group from $17.50 to $16.50 and set a “buy” rating on the stock in a report on Friday, November 2nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $18.21.

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

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