Bread Financial Holdings, Inc. (NYSE:BFH) is Brooktree Capital Management’s 6th Largest Position

Brooktree Capital Management trimmed its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,285 shares of the company’s stock after selling 1,156 shares during the period. Bread Financial makes up about 6.0% of Brooktree Capital Management’s holdings, making the stock its 6th biggest position. Brooktree Capital Management’s holdings in Bread Financial were worth $7,436,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Bread Financial during the first quarter worth about $1,546,000. UniSuper Management Pty Ltd acquired a new position in Bread Financial during the 1st quarter worth approximately $383,000. Sei Investments Co. raised its stake in shares of Bread Financial by 58.5% during the 1st quarter. Sei Investments Co. now owns 84,317 shares of the company’s stock worth $3,140,000 after buying an additional 31,122 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bread Financial by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company’s stock valued at $141,386,000 after buying an additional 70,092 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Bread Financial by 22.4% in the second quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock valued at $51,754,000 after buying an additional 212,276 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BFH shares. Royal Bank of Canada raised their target price on Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Compass Point increased their target price on shares of Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. The Goldman Sachs Group boosted their price target on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. Finally, TD Cowen raised their price objective on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.64.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average price of $51.02 per share, with a total value of $51,020.00. Following the completion of the transaction, the director now owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by company insiders.

Bread Financial Price Performance

Bread Financial stock opened at $54.50 on Thursday. The firm’s 50-day moving average is $51.19 and its two-hundred day moving average is $48.06. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization 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 released its earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The firm had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $981.26 million. During the same period in the previous year, the firm posted $3.46 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. Equities analysts predict that Bread Financial Holdings, Inc. will post 7.63 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm 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. This represents a $0.84 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Friday, November 8th. Bread Financial’s payout ratio is 13.38%.

Bread Financial Company 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.