Brightsphere Investment Group PLC (BSIG) to Issue Dividend of $0.10 on December 27th

Brightsphere Investment Group PLC (NYSE:BSIG) declared a dividend on Tuesday, October 29th, Fidelity reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.10 per share on Friday, December 27th. The ex-dividend date is Thursday, December 12th.

NYSE:BSIG traded up $0.14 on Tuesday, reaching $10.26. The stock had a trading volume of 429,360 shares, compared to its average volume of 469,493. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.62. The company has a 50-day moving average of $9.72 and a 200 day moving average of $10.17. The stock has a market cap of $853.33 million, a P/E ratio of 5.52, a price-to-earnings-growth ratio of 1.20 and a beta of 1.79. Brightsphere Investment Group has a 12-month low of $8.40 and a 12-month high of $14.87.

Brightsphere Investment Group (NYSE:BSIG) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The firm had revenue of $197.80 million during the quarter, compared to analysts’ expectations of $205.68 million. Brightsphere Investment Group had a net margin of 21.67% and a return on equity of 228.89%. The business’s quarterly revenue was down 14.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 earnings per share. On average, equities analysts predict that Brightsphere Investment Group will post 1.73 EPS for the current year.

A number of equities research analysts have recently issued reports on BSIG shares. Zacks Investment Research upgraded shares of Brightsphere Investment Group from a “sell” rating to a “hold” rating in a research note on Monday, December 2nd. Credit Suisse Group restated a “buy” rating and issued a $16.00 target price on shares of Brightsphere Investment Group in a research note on Wednesday, September 11th. Evercore ISI restated a “hold” rating and issued a $11.00 target price on shares of Brightsphere Investment Group in a research note on Monday, November 11th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Brightsphere Investment Group in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.79.

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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Dividend History for Brightsphere Investment Group (NYSE:BSIG)

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