Hsbc Holdings PLC Acquires New Holdings in Brighthouse Financial, Inc. $BHF

Hsbc Holdings PLC bought a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 332,362 shares of the company’s stock, valued at approximately $21,537,000. Hsbc Holdings PLC owned 0.58% of Brighthouse Financial at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in BHF. Dimensional Fund Advisors LP increased its holdings in Brighthouse Financial by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,495,032 shares of the company’s stock valued at $226,442,000 after purchasing an additional 45,109 shares during the last quarter. UBS Group AG grew its stake in shares of Brighthouse Financial by 98.1% in the third quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock valued at $181,177,000 after buying an additional 1,690,064 shares in the last quarter. HBK Investments L P acquired a new stake in shares of Brighthouse Financial in the fourth quarter valued at $136,059,000. Glazer Capital LLC purchased a new stake in shares of Brighthouse Financial in the 4th quarter valued at $113,252,000. Finally, AQR Capital Management LLC raised its holdings in shares of Brighthouse Financial by 190.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,396,245 shares of the company’s stock valued at $74,113,000 after buying an additional 915,902 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BHF has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $67.00 target price on shares of Brighthouse Financial in a report on Thursday, March 26th. Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Argus raised shares of Brighthouse Financial to a “hold” rating in a research note on Thursday, March 26th. Finally, Weiss Ratings cut shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Eight analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Brighthouse Financial presently has a consensus rating of “Reduce” and an average target price of $60.50.

Brighthouse Financial Price Performance

Shares of NASDAQ BHF opened at $65.27 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $3.75 billion, a price-to-earnings ratio of -21.90 and a beta of 0.86. The stock’s 50-day moving average is $62.74 and its two-hundred day moving average is $62.59. Brighthouse Financial, Inc. has a 1-year low of $42.07 and a 1-year high of $66.33.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $4.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.57 by ($0.22). Brighthouse Financial had a negative net margin of 1.10% and a positive return on equity of 16.88%. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous year, the business posted $4.17 EPS. The business’s quarterly revenue was down 29.4% compared to the same quarter last year. Analysts forecast that Brighthouse Financial, Inc. will post 19.73 EPS for the current fiscal year.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.