In a report released yesterday, Kenneth Lee from RBC Capital maintained a Buy rating on BrightSphere Investment Group (BSIG – Research Report), with a price target of $26.00. The company’s shares closed yesterday at $22.62.
Lee covers the Financial sector, focusing on stocks such as Voya Financial, OneMain Holdings, and Invesco. According to TipRanks, Lee has an average return of 16.8% and a 67.54% success rate on recommended stocks.
Currently, the analyst consensus on BrightSphere Investment Group is a Moderate Buy with an average price target of $26.00.
Based on BrightSphere Investment Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $131.2 million and a net profit of $22.8 million. In comparison, last year the company earned a revenue of $122.7 million and had a net profit of $30.4 million
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BrightSphere Investment Group (BSIG) Company Description:
BrightSphere Investment Group, Inc. is a holding company, which engages in the provision of asset management services. It also focuses on the development of new business opportunities in domestic and international markets. The company was founded on May 29, 2014 and is headquartered in Boston, MA.
