Cresset Asset Management LLC Has $205,000 Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Cresset Asset Management LLC lessened its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 78.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,273 shares of the company's stock after selling 15,150 shares during the quarter. Cresset Asset Management LLC's holdings in Brighthouse Financial were worth $205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BHF. Aster Capital Management DIFC Ltd raised its holdings in shares of Brighthouse Financial by 327.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock worth $44,000 after acquiring an additional 703 shares in the last quarter. KBC Group NV raised its stake in shares of Brighthouse Financial by 33.1% during the 4th quarter. KBC Group NV now owns 2,664 shares of the company's stock worth $128,000 after purchasing an additional 663 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Brighthouse Financial during the 4th quarter valued at about $217,000. Guggenheim Capital LLC bought a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $227,000. Finally, Polymer Capital Management US LLC acquired a new position in Brighthouse Financial in the fourth quarter worth approximately $233,000. Hedge funds and other institutional investors own 81.24% of the company's stock.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHF traded up $0.44 during trading hours on Thursday, hitting $58.77. 680,517 shares of the company's stock were exchanged, compared to its average volume of 573,456. The company's 50-day moving average price is $55.55 and its 200-day moving average price is $53.78. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $64.12. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 11.39 and a beta of 0.96. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $4.17 EPS for the quarter, missing analysts' consensus estimates of $4.72 by ($0.55). The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.29 billion. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.25 earnings per share. On average, sell-side analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BHF. Raymond James upgraded shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 target price for the company in a research note on Tuesday, March 18th. Piper Sandler upped their price objective on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Keefe, Bruyette & Woods increased their target price on shares of Brighthouse Financial from $56.00 to $59.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 13th. Jefferies Financial Group lowered Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 target price on the stock. in a report on Monday, February 3rd. Finally, UBS Group set a $72.00 price target on Brighthouse Financial in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Brighthouse Financial currently has a consensus rating of "Hold" and an average price target of $60.80.

About Brighthouse Financial

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.