Brighthouse Financial, Inc. $BHF Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Brighthouse Financial by 6.6%, owning 386,664 shares worth approximately $22.4 million.
• Brighthouse Financial reported $3.43 earnings per share for the last quarter, missing analysts' expectations of $4.70, with revenue down 2.8% year-over-year.
• A significant majority (81.24%) of Brighthouse Financial’s stock is owned by institutional investors and hedge funds, signaling strong market interest.

Charles Schwab Investment Management Inc. raised its stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 6.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 386,664 shares of the company's stock after purchasing an additional 23,990 shares during the period. Charles Schwab Investment Management Inc. owned 0.67% of Brighthouse Financial worth $22,423,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BHF. AQR Capital Management LLC increased its stake in 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 purchasing an additional 400,924 shares during the last quarter. Algebris UK Ltd purchased a new position in Brighthouse Financial in the first quarter valued at approximately $11,761,000. GAMMA Investing LLC increased its stake in Brighthouse Financial by 6,338.1% in the first quarter. GAMMA Investing LLC now owns 118,010 shares of the company's stock valued at $6,843,000 after purchasing an additional 116,177 shares during the last quarter. SG Americas Securities LLC increased its stake in Brighthouse Financial by 1,764.2% in the first quarter. SG Americas Securities LLC now owns 121,229 shares of the company's stock valued at $7,030,000 after purchasing an additional 114,726 shares during the last quarter. Finally, Barclays PLC increased its stake in Brighthouse Financial by 220.5% in the fourth quarter. Barclays PLC now owns 107,153 shares of the company's stock valued at $5,148,000 after purchasing an additional 73,724 shares during the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Brighthouse Financial news, EVP Vonda Huss sold 3,000 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $59.51, for a total value of $178,530.00. Following the completion of the sale, the executive vice president owned 18,441 shares of the company's stock, valued at approximately $1,097,423.91. This trade represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company's stock.

Brighthouse Financial Stock Performance

Brighthouse Financial stock remained flat at $46.89 during midday trading on Wednesday. The company's stock had a trading volume of 441,958 shares, compared to its average volume of 688,295. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The company's fifty day simple moving average is $49.72 and its 200 day simple moving average is $54.35. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 5.07 and a beta of 0.88.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $3.43 EPS for the quarter, missing analysts' consensus estimates of $4.70 by ($1.27). Brighthouse Financial had a net margin of 10.24% and a return on equity of 21.06%. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the business posted $5.57 EPS. Brighthouse Financial's revenue was down 2.8% compared to the same quarter last year. Equities analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Brighthouse Financial from $53.00 to $54.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Barclays lowered their target price on shares of Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Wall Street Zen lowered shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Morgan Stanley lowered their target price on shares of Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating on the stock in a research report on Monday, July 14th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating on the stock in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Brighthouse Financial has an average rating of "Hold" and a consensus target price of $59.67.

Brighthouse Financial 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.