Tower Research Capital LLC TRC Has $590,000 Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Tower Research Capital LLC TRC lifted its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 267.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,275 shares of the company's stock after purchasing an additional 8,931 shares during the quarter. Tower Research Capital LLC TRC's holdings in Brighthouse Financial were worth $590,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Xponance Inc. boosted its stake in Brighthouse Financial by 2.7% in the fourth quarter. Xponance Inc. now owns 6,860 shares of the company's stock worth $330,000 after purchasing an additional 181 shares in the last quarter. Pinnacle Holdings LLC lifted its position in Brighthouse Financial by 0.4% during the 4th quarter. Pinnacle Holdings LLC now owns 46,297 shares of the company's stock worth $2,224,000 after buying an additional 191 shares in the last quarter. Amalgamated Bank grew its holdings in Brighthouse Financial by 0.8% during the 4th quarter. Amalgamated Bank now owns 28,345 shares of the company's stock worth $1,362,000 after acquiring an additional 227 shares during the last quarter. Mariner LLC increased its position in Brighthouse Financial by 4.2% in the 4th quarter. Mariner LLC now owns 6,055 shares of the company's stock valued at $291,000 after acquiring an additional 242 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Brighthouse Financial by 0.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company's stock worth $3,501,000 after acquiring an additional 388 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on BHF. Keefe, Bruyette & Woods increased their price target on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a "market perform" rating in a research note on Tuesday, February 18th. Barclays raised Brighthouse Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $52.00 to $85.00 in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating for the company in a research report on Tuesday, January 7th. Morgan Stanley decreased their price target on Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating on the stock in a report on Thursday, April 10th. Finally, Wells Fargo & Company reduced their target price on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Brighthouse Financial presently has an average rating of "Hold" and a consensus price target of $62.00.

Brighthouse Financial Stock Up 1.0 %

Shares of NASDAQ:BHF traded up $0.59 during trading on Friday, hitting $58.89. 751,837 shares of the company's stock traded hands, compared to its average volume of 559,199. The company has a 50-day moving average price of $54.59 and a 200-day moving average price of $52.87. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.12. 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 cap of $3.40 billion, a price-to-earnings ratio of 11.41 and a beta of 0.96.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, beating the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. As a group, research analysts forecast that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

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.