BNP Paribas Financial Markets Trims Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

BNP Paribas Financial Markets reduced its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 36.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,537 shares of the company's stock after selling 10,006 shares during the quarter. BNP Paribas Financial Markets' holdings in Brighthouse Financial were worth $842,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board increased its position in shares of Brighthouse Financial by 187.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,823,162 shares of the company's stock valued at $87,585,000 after purchasing an additional 1,188,685 shares during the last quarter. Victory Capital Management Inc. increased its position in Brighthouse Financial by 2,632.8% during the fourth quarter. Victory Capital Management Inc. now owns 884,162 shares of the company's stock valued at $42,475,000 after acquiring an additional 851,808 shares during the last quarter. Norges Bank purchased a new stake in shares of Brighthouse Financial in the fourth quarter valued at $37,131,000. AQR Capital Management LLC raised its stake in shares of Brighthouse Financial by 156.9% in the fourth quarter. AQR Capital Management LLC now owns 656,464 shares of the company's stock valued at $31,537,000 after acquiring an additional 400,924 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Brighthouse Financial by 12.1% in the 4th quarter. American Century Companies Inc. now owns 1,682,076 shares of the company's stock worth $80,807,000 after acquiring an additional 181,980 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BHF has been the topic of a number of analyst reports. Morgan Stanley upped their target price on Brighthouse Financial from $41.00 to $45.00 and gave the company an "underweight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods upped their price target on shares of Brighthouse Financial from $56.00 to $59.00 and gave the stock a "market perform" rating in a report on Tuesday, May 13th. Piper Sandler raised their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Barclays boosted their price objective on shares of Brighthouse Financial from $75.00 to $76.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Raymond James raised shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 target price on the stock in a research report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $60.80.

Brighthouse Financial Stock Up 1.7%

Shares of BHF traded up $1.01 during trading hours on Tuesday, hitting $58.92. The company had a trading volume of 35,438 shares, compared to its average volume of 574,651. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $3.38 billion, a PE ratio of 11.39 and a beta of 0.96. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $64.12. The company's fifty day moving average price is $55.60 and its two-hundred day moving average price is $54.01.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $4.17 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.55). Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. The business had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter in the prior year, the company posted $4.25 EPS. The business's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities analysts forecast that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment consists of variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.