In a report issued on November 6, Glenn Schorr from Evercore ISI maintained a Hold rating on BrightSphere Investment Group (BSIG), with a price target of $11.00. The company’s shares closed last Monday at $10.16.
According to TipRanks.com, Schorr is a 4-star analyst with an average return of 16.5% and a 70.6% success rate. Schorr covers the Financial sector, focusing on stocks such as Apollo Global Management, Waddell & Reed, and Carlyle Group.
BrightSphere Investment Group has an analyst consensus of Strong Buy, with a price target consensus of $13.00.
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Based on BrightSphere Investment Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $28 million. In comparison, last year the company had a net profit of $53.7 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.
