Deutsche Bank AG Increases Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Deutsche Bank AG boosted its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,990 shares of the company’s stock after buying an additional 941 shares during the quarter. Deutsche Bank AG owned 0.11% of Brighthouse Financial worth $3,266,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BHF. Aster Capital Management DIFC Ltd boosted 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 purchasing an additional 703 shares during the period. KBC Group NV boosted its stake in shares of Brighthouse Financial by 33.1% in the 4th quarter. KBC Group NV now owns 2,664 shares of the company’s stock valued at $128,000 after purchasing an additional 663 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in Brighthouse Financial in the fourth quarter worth $217,000. Guggenheim Capital LLC bought a new stake in shares of Brighthouse Financial during the fourth quarter worth $227,000. Finally, Polymer Capital Management US LLC bought a new stake in Brighthouse Financial in the 4th quarter valued at approximately $233,000. 81.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Keefe, Bruyette & Woods upped their price objective on Brighthouse Financial from $56.00 to $59.00 and gave the company a “market perform” rating in a report on Tuesday, May 13th. Jefferies Financial Group downgraded Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research note on Monday, February 3rd. 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 report on Tuesday, March 18th. Barclays raised their target price on Brighthouse Financial from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Finally, UBS Group set a $72.00 target price on Brighthouse Financial in a research report 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 MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.80.

Brighthouse Financial Stock Performance

Shares of Brighthouse Financial stock opened at $61.15 on Wednesday. The business’s 50 day moving average price is $55.50 and its 200 day moving average price is $53.75. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $64.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 11.85 and a beta of 0.96.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Thursday, May 8th. The company reported $4.17 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.55). Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the business posted $4.25 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, research analysts predict that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Brighthouse Financial Company 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.