In a report released on July 19, Kenneth Lee from RBC Capital maintained a Buy rating on BrightSphere Investment Group (BSIG – Research Report), with a price target of $27.00. The company’s shares closed yesterday at $21.90.
According to TipRanks, Lee is a 5-star analyst with an average return of 16.3% and a 65.25% success rate. Lee covers the Financial sector, focusing on stocks such as Ameriprise Financial, Main Street Capital, and Victory Capital Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BrightSphere Investment Group with a $24.50 average price target.
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Based on BrightSphere Investment Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $90.6 million and a net profit of $12 million. In comparison, last year the company earned a revenue of $112.2 million and had a net profit of $23.8 million
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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.
