The CEO basically stated he can hit targets in the worst of times which looks to mean about 5-6 eps...he also basically said he would return equity to shareholders when bank deal goes through...great balance sheet..great industry and with this news up 50 cents ...this should be in the 40s easy. Is every fund manager just telling their clients to buy Apple and thats the extent of their research....just an opinion...check all facts for accuracy
Don't depend on the hedge funds to do anything positive for this stock. The pps will go up when the GE deal is approved and it should skyrocket if met has a good Q3 but will it go up as much as it should and will it stay there. Imo the hedge fund managers are met's worst enemies and if met was not part of hedge funds the pps would be much higher.
If you've looked at the analyst's opinions on yahoo for the last 14 months the median target was never below $43, the high target was $60 for months then $56 and now at $50. The low target was $51 for months and now at $42. Either the "20" analysts are really stupid or this stock is being manipulated. Metlife is one of the highest held stocks that hedge funds own. Look at today, the pps was up earlier and even when the market was still up, the pps was break even, then after the market went down it went down pretty bad ($1.10) since it's high for the day. Now, knowing that the GE deal will be approved shortly, would you sell or short this stock, probably not, but the hedge funds would. If hedge funds only owned 2% of the shares of metlife that would be approx. 21.3m shares. The current average shares traded per day is 8.1m. Wouldn't it be nice to know when the pps is going to go up or down; THEY DO!!!!!!!!!!!!!!!!