BrightSphere Investment Group Inc. (BSIG)
Chart Events
Performance Outlook
| Previous Close | 23.84 |
| Open | 24.01 |
| Bid | 23.22 x 1300 |
| Ask | 23.24 x 900 |
| Day's Range | 23.04 - 24.00 |
| 52 Week Range | 4.93 - 24.00 |
| Volume | 390,079 |
| Avg. Volume | 495,611 |
| Market Cap | 1.841B |
| Beta (5Y Monthly) | 1.80 |
| PE Ratio (TTM) | 6.64 |
| EPS (TTM) | 3.49 |
| Earnings Date | Apr 29, 2021 |
| Forward Dividend & Yield | 0.04 (0.17%) |
| Ex-Dividend Date | Mar 11, 2021 |
| 1y Target Est | 25.67 |
Fair Value
Related Research
- Business Wire
BrightSphere to Report Financial and Operating Results for the First Quarter Ended March 31, 2021
BrightSphere Investment Group Inc. (NYSE: BSIG) will announce its financial and operating results for the first quarter ended March 31, 2021, on Thursday, April 29, 2021. The Company will announce its results through a press release and related slide presentation at 7:30 a.m. Eastern Time, and will hold a conference call and simultaneous webcast to discuss the results at 11:00 a.m. Eastern Time.
- Moody's
BrightSphere Investment Group Inc. -- Moody's places BrightSphere's ratings under review for downgrade on proposed Landmark sale
Rating Action: Moody's places BrightSphere's ratings under review for downgrade on proposed Landmark saleGlobal Credit Research - 01 Apr 2021New York, April 01, 2021 -- Moody's Investors Service, ("Moody's") has today placed BrightSphere Investment Group Inc.'s ("BSIG") Baa2 long-term issuer and senior debt ratings under review for downgrade following the announcement that BSIG will sell its 60% ownership interest in affiliate Landmark Partners LLC ("Landmark") to Ares Management Corporation for approximately $630 million after tax, inclusive of the sale of BSIG's co-investments in Landmark's funds. The transaction is subject to customary regulatory approvals and closing conditions and is anticipated to close in Q2 2021."We have placed BrightSphere's ratings on review for downgrade because the sale of Landmark will result in reduced business diversification, higher equity market beta exposure as well as fewer organic growth opportunities despite improvement in the company's liquidity profile," says Stefan Kahandaliyanage, Moody's Assistant Vice President and lead analyst for BSIG."The review will focus on 1) how the company uses proceeds from the sale of Landmark and 2) the company's strategy for supporting investment in its three remaining affiliates, specifically its largest affiliate, Acadian Asset Management LLC," adds Mr. Kahandaliyanage.
- Business Wire
BrightSphere Investment Group Inc. Announces Agreement to sell Affiliate, Landmark Partners LLC
BrightSphere Investment Group Inc. (NYSE: BSIG) today announced that it has entered into a definitive agreement to sell its 60% ownership interest in Landmark Partners LLC ("Landmark") to Ares Management Corporation (NYSE: ARES) for $690 million. As part of the transaction, Ares will also acquire the 40% ownership interest in Landmark held by the Landmark management team for $390 million, for a total transaction value of approximately $1.1 billion for 100% of Landmark Partners LLC.
