Barclays Initiates Coverage of Brighthouse Financial (LSE:0HPH) with Equal-Weight Recommendation
Fintel reports that on September 4, 2024, Barclays initiated coverage of Brighthouse Financial (LSE:0HPH) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 12.60% Upside
As of August 6, 2024, the average one-year price target for Brighthouse Financial is 51.50 GBX/share. The forecasts range from a low of 40.52 GBX to a high of 66.35 GBX. The average price target represents an increase of 12.60% from its latest reported closing price of 45.74 GBX / share.
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The projected annual revenue for Brighthouse Financial is 8,801MM, an increase of 119.53%. The projected annual non-GAAP EPS is 17.11.
What is the Fund Sentiment?
There are 748 funds or institutions reporting positions in Brighthouse Financial. This is an decrease of 1 owner(s) or 0.13% in the last quarter. Average portfolio weight of all funds dedicated to 0HPH is 0.08%, an increase of 20.36%. Total shares owned by institutions decreased in the last three months by 8.40% to 58,466K shares.
What are Other Shareholders Doing?
Dodge & Cox holds 6,689K shares representing 11.01% ownership of the company. In its prior filing, the firm reported owning 8,739K shares , representing a decrease of 30.66%. The firm decreased its portfolio allocation in 0HPH by 33.41% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 5,077K shares representing 8.36% ownership of the company. In its prior filing, the firm reported owning 6,642K shares , representing a decrease of 30.84%. The firm decreased its portfolio allocation in 0HPH by 35.39% over the last quarter.
DME Capital Management holds 2,973K shares representing 4.89% ownership of the company. In its prior filing, the firm reported owning 3,022K shares , representing a decrease of 1.64%. The firm decreased its portfolio allocation in 0HPH by 37.68% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,999K shares representing 3.29% ownership of the company. In its prior filing, the firm reported owning 1,962K shares , representing an increase of 1.84%. The firm decreased its portfolio allocation in 0HPH by 16.70% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 1,932K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 1,999K shares , representing a decrease of 3.46%. The firm decreased its portfolio allocation in 0HPH by 16.80% over the last quarter.
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This story originally appeared on Fintel.