Bread Financial Holdings, Inc. (NYSE:BFH) Holdings Reduced by Brooktree Capital Management

Brooktree Capital Management reduced its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 156,285 shares of the company’s stock after selling 1,156 shares during the quarter. Bread Financial makes up approximately 6.0% of Brooktree Capital Management’s investment portfolio, making the stock its 6th largest position. Brooktree Capital Management owned about 0.31% of Bread Financial worth $7,436,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after acquiring an additional 260 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in shares of Bread Financial by 6.2% in the 3rd quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock valued at $239,000 after purchasing an additional 278 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Bread Financial by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock worth $617,000 after purchasing an additional 279 shares during the period. Point72 DIFC Ltd increased its position in shares of Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after purchasing an additional 397 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Bread Financial by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock worth $1,110,000 after purchasing an additional 500 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Price Performance

Bread Financial stock opened at $54.50 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $51.19 and a 200-day simple moving average of $48.06. The stock has a market cap of $2.71 billion, a P/E ratio of 8.97 and a beta of 1.94. Bread Financial Holdings, Inc. has a 12-month low of $26.27 and a 12-month high of $63.01.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The business had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $981.26 million. During the same period last year, the firm earned $3.46 earnings per share. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts expect that Bread Financial Holdings, Inc. will post 7.63 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be paid a $0.21 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.54%. Bread Financial’s dividend payout ratio is currently 13.38%.

Insiders Place Their Bets

In related news, Director John J. Fawcett bought 1,000 shares of the stock in a transaction dated Monday, October 28th. The stock was acquired at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the acquisition, the director now owns 6,473 shares in the company, valued at approximately $330,252.46. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.62% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BFH shares. Royal Bank of Canada increased their target price on shares of Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Barclays dropped their target price on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, October 25th. TD Cowen upped their price target on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Bank of America dropped their price objective on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Finally, The Goldman Sachs Group increased their target price on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $49.64.

Bread Financial Profile

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.