With over 76815.0 Brighthouse Financial Inc. (BHFAM) shares trading Tuesday and a closing price of $17.58 on the day, the dollar volume was approximately $1.35 million. The shares have shown a negative half year performance of -6.49% and its price on 01/24/23 lost nearly -0.23%.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for BHFAM have a consensus price objective of $55.91. The analysts have set the share’s price value over the next 12 months at a high of $65.00 and a low of $49.00. The average price target is 68.49% above its recent price level and an upside to the estimated low will see the stock gain 64.12% over that period. But an upside of 72.95% will see the stock hit the forecast high price target while median target price for the stock is $55.00.
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The top 3 mutual fund holders in Brighthouse Financial Inc. are iShares Preferred & Income Securi, Invesco Preferred ETF, and Global X US Preferred ETF. iShares Preferred & Income Securi owns 1.05 million shares of the company’s stock, all valued at over $15.92 million. Invesco Preferred ETF sold 83.0 shares to see its total holdings shrink to 0.67 million shares valued at over $10.24 million and representing 4.81% of the shares outstanding. Global X US Preferred ETF now owns shares totaling to 1.87% of the shares outstanding.
Shares of Brighthouse Financial Inc. (NASDAQ: BHFAM) opened at $17.50, down -$0.12 from a prior closing price of $17.62. However, the script later moved the day high at 17.63, down -0.23%. The company’s stock has a 5-day price change of 1.97% and 15.20% over the past three months. BHFAM shares are trading 15.66% year to date (YTD), with the 12-month market performance down to -30.07% lower. It has a 12-month low price of $14.81 and touched a high of $25.14 over the same period. BHFAM has an average intraday trading volume of 70.34K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.59%, 7.43%, and 1.11% respectively.
Institutional ownership of Brighthouse Financial Inc. (NASDAQ: BHFAM) 14.00M shares outstanding. Mutual fund holders own -18.00%, while other institutional holders and individual stakeholders account for 18.01% and — respectively.
It has a market capitalization of $3.72B. The stock’s trailing 12-month PE ratio is 1.39, while the earnings-per-share (ttm) stands at $12.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.18% over the week and 2.48% over the month.
Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 11 of the 12 advise that investors “hold,” and 1 rated it as a “Sell.”
