BrightSphere Investment Group Inc. [BSIG] Is Currently -0.58 below its 200 Period Moving Avg: What Does This Mean?


BrightSphere Investment Group Inc. [NYSE: BSIG] loss -0.58% or -0.15 points to close at $25.64 with a heavy trading volume of 5952312 shares. The company report on December 9, 2021 that BrightSphere Announces Final Results of Its Tender Offer.

BrightSphere Investment Group Inc. (NYSE: BSIG) today announced the final results of its tender offer, which expired at 5:00 P.M., New York City time, on Monday, December 6, 2021.

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BrightSphere accepted for purchase 34,917,532 shares of common stock in the tender offer for a total cost of approximately $1.1 billion, excluding fees and expenses relating to the tender offer. The shares of common stock accepted for purchase includes 1,617,532 shares that BrightSphere elected to purchase pursuant to its right to purchase up to an additional 2% of its outstanding common stock and represented approximately 43% of BrightSphere’s total outstanding shares as of December 6, 2021. Due to the oversubscription of the tender offer, BrightSphere purchased on a pro rata basis approximately 51.3% of the shares of common stock tendered (other than “odd lot” holders, whose shares were purchased on a priority basis).

It opened the trading session at $25.82, the shares rose to $25.89 and dropped to $25.41, the range by which the price of stock traded the whole day. The daily chart for BSIG points out that the company has recorded 9.43% gains over the past six months. However, it is still -43.56% lower than its most recent low trading price.

If we look at the average trading volume of 1.56M shares, BSIG reached to a volume of 5952312 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about BrightSphere Investment Group Inc. [BSIG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BSIG shares is $32.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BSIG stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for BrightSphere Investment Group Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on December 14, 2021. While these analysts kept the previous recommendation, Keefe Bruyette raised their target price from $31 to $32. The new note on the price target was released on October 29, 2021, representing the official price target for BrightSphere Investment Group Inc. stock. Previously, the target price had yet another raise from $22 to $27, while BofA Securities kept a Buy rating on BSIG stock. On April 08, 2021, analysts increased their price target for BSIG shares from 21 to 30.

The Average True Range (ATR) for BrightSphere Investment Group Inc. is set at 0.88, with the Price to Sales ratio for BSIG stock in the period of the last 12 months amounting to 3.76. The Price to Book ratio for the last quarter was 1.88, with the Price to Cash per share for the same quarter was set at 17.98.

Trading performance analysis for BSIG stock

BrightSphere Investment Group Inc. [BSIG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.42. With this latest performance, BSIG shares dropped by -15.77% in over the last four-week period, additionally plugging by 9.43% over the last 6 months – not to mention a rise of 35.09% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BSIG stock in for the last two-week period is set at 35.43, with the RSI for the last a single of trading hit 33.91, and the three-weeks RSI is set at 37.84 for BrightSphere Investment Group Inc. [BSIG]. The present Moving Average for the last 50 days of trading for this stock 28.65, while it was recorded at 25.71 for the last single week of trading, and 25.23 for the last 200 days.

BrightSphere Investment Group Inc. [BSIG]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and BrightSphere Investment Group Inc. [BSIG] shares currently have an operating margin of +28.79 and a Gross Margin at +96.10. BrightSphere Investment Group Inc.’s Net Margin is presently recorded at +39.89.

Return on Total Capital for BSIG is now 24.38, given the latest momentum, and Return on Invested Capital for the company is 39.46. Return on Equity for this stock inclined to 156.27, with Return on Assets sitting at 20.42. When it comes to the capital structure of this company, BrightSphere Investment Group Inc. [BSIG] has a Total Debt to Total Equity ratio set at 166.07. Additionally, BSIG Total Debt to Total Capital is recorded at 62.42, with Total Debt to Total Assets ending up at 36.31. Long-Term Debt to Equity for the company is recorded at 161.64, with the Long-Term Debt to Total Capital now at 60.75.

Reflecting on the efficiency of the workforce at the company, BrightSphere Investment Group Inc. [BSIG] managed to generate an average of $358,250 per employee. Receivables Turnover for the company is 4.79 with a Total Asset Turnover recorded at a value of 0.51.

BrightSphere Investment Group Inc. [BSIG]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BSIG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BrightSphere Investment Group Inc. go to 24.20%.

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An analysis of insider ownership at BrightSphere Investment Group Inc. [BSIG]

There are presently around $2,053 million, or 88.73% of BSIG stock, in the hands of institutional investors. The top three institutional holders of BSIG stocks are: PAULSON & CO. INC. with ownership of 20,000,552, which is approximately 0% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 8,705,508 shares of the stock with an approximate value of $224.51 million in BSIG stocks shares; and VANGUARD GROUP INC, currently with $119.9 million in BSIG stock with ownership of nearly -5.211% of the company’s market capitalization.

Positions in BrightSphere Investment Group Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 73 institutional holders increased their position in BrightSphere Investment Group Inc. [NYSE:BSIG] by around 5,756,907 shares. Additionally, 103 investors decreased positions by around 6,085,085 shares, while 22 investors held positions by with 67,748,724 shares. The mentioned changes placed institutional holdings at 79,590,716 shares, according to the latest SEC report filing. BSIG stock had 29 new institutional investments in for a total of 2,185,757 shares, while 16 institutional investors sold positions of 795,876 shares during the same period.