Walleye Capital LLC Acquires New Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Walleye Capital LLC purchased a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHFGet Rating) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 22,654 shares of the company’s stock, valued at approximately $1,170,000.

A number of other large investors also recently bought and sold shares of the stock. Nomura Holdings Inc. purchased a new position in Brighthouse Financial during the first quarter worth approximately $3,363,000. Point72 Hong Kong Ltd acquired a new stake in shares of Brighthouse Financial in the first quarter worth $199,000. Quantbot Technologies LP acquired a new stake in shares of Brighthouse Financial in the first quarter worth $151,000. HITE Hedge Asset Management LLC acquired a new stake in shares of Brighthouse Financial in the first quarter worth $1,846,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Brighthouse Financial by 55.6% in the first quarter. Goldman Sachs Group Inc. now owns 888,375 shares of the company’s stock worth $45,894,000 after acquiring an additional 317,322 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Brighthouse Financial Price Performance

Shares of BHF stock opened at $47.88 on Monday. The firm has a fifty day moving average of $46.00 and a two-hundred day moving average of $47.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.57 and a quick ratio of 0.57. Brighthouse Financial, Inc. has a 1-year low of $38.38 and a 1-year high of $62.33. The firm has a market cap of $3.44 billion, a P/E ratio of 1.88 and a beta of 1.30.

Brighthouse Financial (NASDAQ:BHFGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.46. Brighthouse Financial had a net margin of 18.70% and a return on equity of 11.46%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the firm posted $5.32 EPS. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. As a group, research analysts anticipate that Brighthouse Financial, Inc. will post 11.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BHF shares. TheStreet raised shares of Brighthouse Financial from a “c” rating to a “b-” rating in a research report on Monday, August 15th. Barclays increased their price objective on shares of Brighthouse Financial from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, August 8th. Evercore ISI lowered their price target on shares of Brighthouse Financial from $57.00 to $52.00 and set an “in-line” rating for the company in a report on Wednesday, July 6th. Morgan Stanley raised their price target on shares of Brighthouse Financial from $54.00 to $58.00 and gave the company an “equal weight” rating in a report on Wednesday, August 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Brighthouse Financial from $59.00 to $50.00 in a report on Monday, July 11th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Brighthouse Financial has an average rating of “Hold” and a consensus target price of $55.10.

Brighthouse Financial Company Profile

(Get Rating)

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 offers 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.

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Institutional Ownership by Quarter for Brighthouse Financial (NASDAQ:BHF)

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