Institutional Owners May Consider Drastic Measures as Brighthouse Financial, Inc.'s (NASDAQ:BHF) Recent US$96m Drop Adds to Long-term Losses
Institutional Owners May Consider Drastic Measures as Brighthouse Financial, Inc.'s (NASDAQ:BHF) Recent US$96m Drop Adds to Long-term Losses
Key Insights
關鍵洞察
- Significantly high institutional ownership implies Brighthouse Financial's stock price is sensitive to their trading actions
- The top 8 shareholders own 50% of the company
- Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business
- 機構高比例的持股意味着股東交易對Brighthouse Financial的股價影響很大
- 前八大股東持有公司50%的股份
- 分析師的預測以及持有數據有助於強烈理解業務的前景
If you want to know who really controls Brighthouse Financial, Inc. (NASDAQ:BHF), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 81% to be precise, is institutions. Put another way, the group faces the maximum upside potential (or downside risk).
如果你想知道誰真正控制Brighthouse Financial, Inc. (納斯達克:BHF),那麼你需要查看其股東名冊的構成。 持有公司最多股份的群體,準確來說大約是81%,是機構。 換句話說,這個群體面臨着最大的上漲潛力(或下跌風險)。
And institutional investors saw their holdings value drop by 3.2% last week. The recent loss, which adds to a one-year loss of 10% for stockholders, may not sit well with this group of investors. Also referred to as "smart money", institutions have a lot of sway over how a stock's price moves. As a result, if the decline continues, institutional investors may be pressured to sell Brighthouse Financial which might hurt individual investors.
機構投資者上週看到其持有的價值下降了3.2%。最近的損失,加上股東一年的損失達10%,可能讓這一組投資者感到不滿。機構也被稱爲「聰明的錢」,對股票價格的波動有很大影響。因此,如果下降持續,機構投資者可能會受到壓力出售Brighthouse Financial,這可能會傷害到個人投資者。
Let's delve deeper into each type of owner of Brighthouse Financial, beginning with the chart below.
讓我們深入探討Brighthouse Financial每種類型的所有者,從下面的圖表開始。
What Does The Institutional Ownership Tell Us About Brighthouse Financial?
機構持股比例對Brighthouse Financial有什麼提示?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
許多機構的表現與近似當地市場的指數進行比較。因此,他們通常更加關注那些被納入主要指數的公司。
We can see that Brighthouse Financial does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Brighthouse Financial's historic earnings and revenue below, but keep in mind there's always more to the story.
我們可以看到Brighthouse Financial確實有機構投資者,並且他們持有該公司相當大一部分的股票。這在專業投資者中暗示了一定的可信度。但是我們不能僅依賴這一事實,因爲機構有時也會做出糟糕的投資,就像其他人一樣。當多個機構擁有一隻股票時,總是存在「擁擠交易」的風險。當這樣的交易出現問題時,多個方可能會競爭快速出售股票。在沒有增長曆史的公司中,這一風險更高。你可以在下面看到Brighthouse Financial的歷史盈利和營業收入,但請記住,事情總是有其更深層次的原因。
Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Brighthouse Financial is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Dodge & Cox with 11% of shares outstanding. In comparison, the second and third largest shareholders hold about 10% and 9.7% of the stock.
投資者應注意,機構實際擁有超過一半的公司股份,因此他們可以團結起來擁有 significant 的權力。 Brighthouse Financial 並不被對沖基金擁有。 從我們的數據來看,最大的股東是 Dodge & Cox,持有11%的流通股份。 相比之下,第二和第三大股東分別持有約10%和9.7%的股票。
We also observed that the top 8 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent.
我們還觀察到,前8大股東佔據了超過一半的股份登記,幾個較小的股東在一定程度上平衡了較大股東的利益。
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
研究機構的所有權是評估和篩選股票預期表現的好方法。分析師情緒的研究也可以達到同樣的效果。有很多分析師在覆蓋該股票,因此查看他們的預期可能也是值得的。
Insider Ownership Of Brighthouse Financial
Brighthouse Financial的內部股東持股情況
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
公司內部人士的定義可能是主觀的,並在不同法域之間有所不同。我們的數據顯示個人內部人士,至少捕獲了董事會成員。公司管理層對董事會負責,後者應代表股東的利益。值得注意的是,有時高層管理人員本身就是董事會成員。
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
當內部持股顯示領導層像真正的公司所有者一樣思考時,這是積極的。然而,高比例的內部持股也可能給予公司內部小團體巨大的權力。在某些情況下,這可能是負面的。
Our most recent data indicates that insiders own less than 1% of Brighthouse Financial, Inc.. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around US$28m worth of shares (at current prices). Arguably, recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.
我們最新的數據表明,內部人士持有 Brighthouse Financial, Inc. 少於 1% 的股份。這是一家相當大的公司,因此董事會成員擁有公司具有意義的股份是可能的,即使他們的比例股份不高。在這種情況下,他們擁有大約2800萬美元的股票(按當前價格計算)。可以說,最近的買入和賣出同樣重要。您可以點擊這裏查看內部人士是否有買入或賣出。
General Public Ownership
公衆持股
The general public-- including retail investors -- own 17% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
公衆——包括散戶投資者——在該公司擁有17%的股份,因此不能輕易被忽視。雖然這個群體並不一定能決定大局,但它確實可以對公司的運行產生實際影響。
Next Steps:
下一步:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too.
我覺得研究到底是誰擁有一家公司非常有趣。但要真正獲得洞察,我們還需要考慮其他信息。
Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.
許多人發現深入分析公司過去的表現很有用。您可以訪問這一詳細的歷史營業收入、營業收入和現金流的圖表。
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
最終,未來是最重要的。您可以訪問此免費的關於公司分析師預測的報告。
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
注意:本文中的數字是根據過去十二個月的數據計算得出的,指的是截至財務報表日期的月份最後一天的12個月期間。這可能與完整年度的年報數字不一致。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall ST在提到的任何股票中均沒有持倉。
譯文內容由第三人軟體翻譯。