Brightsphere Investment Group PLC (BSIG) Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC cut its stake in shares of Brightsphere Investment Group PLC (NYSE:BSIG) by 38.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,545 shares of the company’s stock after selling 7,920 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Brightsphere Investment Group were worth $156,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Howe & Rusling Inc. purchased a new stake in shares of Brightsphere Investment Group during the second quarter valued at $102,000. Point72 Hong Kong Ltd grew its holdings in shares of Brightsphere Investment Group by 10,714.7% during the second quarter. Point72 Hong Kong Ltd now owns 7,354 shares of the company’s stock valued at $105,000 after buying an additional 7,286 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Brightsphere Investment Group during the third quarter valued at $112,000. Jane Street Group LLC purchased a new stake in shares of Brightsphere Investment Group during the second quarter valued at $211,000. Finally, SG Americas Securities LLC grew its holdings in shares of Brightsphere Investment Group by 131.1% during the second quarter. SG Americas Securities LLC now owns 15,694 shares of the company’s stock valued at $224,000 after buying an additional 8,903 shares during the last quarter. 1.34% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:BSIG opened at $12.89 on Friday. Brightsphere Investment Group PLC has a one year low of $11.15 and a one year high of $18.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04.

Brightsphere Investment Group (NYSE:BSIG) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.46 EPS for the quarter, beating 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 company had revenue of $230.10 million for the quarter, compared to analyst estimates of $227.95 million. During the same period in the prior year, the company earned $0.43 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. Equities research analysts anticipate that Brightsphere Investment Group PLC will post 1.87 earnings per share for the current fiscal year.

BSIG has been the topic of a number of research analyst reports. Citigroup dropped their price objective on shares of Brightsphere Investment Group from $18.50 to $16.50 and set a “buy” rating on the stock in a report on Wednesday. Zacks Investment Research raised shares of Brightsphere Investment Group from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Friday, November 16th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $18.21.

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Brightsphere Investment Group Profile

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.

See Also: Balance Sheet

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

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