Looking To Buy BrightSphere Investment Group Inc. (BSIG)? Read This First

BrightSphere Investment Group Inc. (NYSE:BSIG) saw a downside of -0.04% to close Friday at $26.12 after subtracting -$0.01 on the day. The 5-day average trading volume is 487,080 shares of the company’s common stock. It has gained $27.01 in the past week and touched a new high 1 time within the past 5 days. An average of 443,930 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 407,062.

BSIG’s 1-month performance is -3.90% or -$1.06 on its low of $25.82 reached on 09/20/21. The company’s shares have touched a 52-week low of $12.58 and high of $27.68, with the stock’s rally to the 52-week high happening on 08/30/21. YTD, BSIG has achieved 35.48% or $6.84 and has reached a new high 29 times. However, the current price is down -5.64%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 923.00 and a low of 1.516. BSIG stock has a beta of 1.80. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.47 while the price-to-book (PB) in the most recent quarter is 2.40, with the price to cash flow ratio at 39.08.

BrightSphere Investment Group Inc. pays an annual dividend of $0.04 per share. Its dividend yield is 0.15% and the payout ratio is 0.40%. BSIG’s most recent quarterly dividend payment was made on Sep. 24, when it paid $0.01 a share compared with prior rate of $0.01, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend decrease of $0.09 reported on Friday May 8 2020. Measured over the last 3 years, the Dividend has been growing by -62.86% yearly.

It is projected that BrightSphere Investment Group Inc.’s next ex-dividend date will be on 13-Dec. BSIG is expected to distribute $0.0 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.52, while the total debt to equity was 0.00 while for the period ending June 29; BrightSphere Investment Group Inc.’s operating margin was 64.20%. The firm’s gross profit as reported stood at $179.4 million against revenue of $718.5 million.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. BrightSphere Investment Group Inc.’s return on assets over the past 12 months stands at 53.10%. Return on investment over the past year is 44.30%, while its return on equity (ROE) trailing 12 months is 197.70%. In comparison, the average ROE for the broader industry over the past year is 14.85.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BSIG to announce $0.34 per share in earnings in its latest quarter, but it posted $0.4, representing a 17.60% surprise. EBITDA for the quarter stood at more than $40.7 million. BSIG stock balance sheet for the quarter ending June 29 shows that, with total debt at $528.2 million

Technical Picture

Let’s look briefly at BrightSphere Investment Group Inc. (BSIG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 39.83% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.01%.

The stock’s 5-day moving average is $26.25, reflecting a -2.10% or -$0.56 change from its current price. BSIG is currently trading -4.46% above its 20-day SMA, +15.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +10.26% and +39.83% respectively.

Stochastic %K and %D was 20.65% and 25.82% and the average true range (ATR) pointed at 0.52. The RSI (14) points at 44.07%, while the 14-day stochastic is at 22.39% with the period’s ATR at 0.51. The stock’s 9-day MACD Oscillator is pointing at -0.32 and -0.37 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for BrightSphere Investment Group Inc. (NYSE: BSIG), BofA Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for BSIG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BSIG as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is BSIG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $24.00 and a high of $31.00, with their median price target at $30.00. Looking at these predictions, the average price target given by analysts is for BrightSphere Investment Group Inc. (BSIG) stock is $28.75.


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