Brightsphere Investment Group PLC (BSIG) Declares Dividend of $0.10
Brightsphere Investment Group PLC (NYSE:BSIG) announced a dividend on Thursday, November 1st, Fidelity reports. Investors of record on Friday, December 14th will be given a dividend of 0.10 per share on Friday, December 28th. The ex-dividend date of this dividend is Thursday, December 13th.
NYSE:BSIG traded down $0.23 during mid-day trading on Friday, hitting $11.77. 640,349 shares of the company’s stock were exchanged. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. Brightsphere Investment Group has a fifty-two week low of $11.15 and a fifty-two week high of $18.62.
Brightsphere Investment Group (NYSE:BSIG) last posted its earnings results on Thursday, November 1st. The company reported $0.46 EPS for the quarter, topping the 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 the consensus estimate of $227.95 million. During the same period last year, the company earned $0.43 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts expect that Brightsphere Investment Group will post 1.87 EPS for the current fiscal year.
Several research firms recently commented on BSIG. Citigroup cut their target price on shares of Brightsphere Investment Group from $18.50 to $16.50 and set a “buy” rating on the stock in a research report on Wednesday, November 21st. 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 research report on Friday, November 16th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Brightsphere Investment Group currently has an average rating of “Buy” and an average target price 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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