Bread Financial Holdings, Inc. $BFH Shares Bought by Brooktree Capital Management

Brooktree Capital Management boosted its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 1.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 156,082 shares of the company’s stock after acquiring an additional 2,189 shares during the quarter. Bread Financial comprises about 5.8% of Brooktree Capital Management’s portfolio, making the stock its 6th largest position. Brooktree Capital Management’s holdings in Bread Financial were worth $8,915,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas raised its stake in shares of Bread Financial by 2.6% in the second quarter. Teacher Retirement System of Texas now owns 7,460 shares of the company’s stock worth $426,000 after purchasing an additional 192 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Bread Financial by 2.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,085 shares of the company’s stock worth $633,000 after buying an additional 269 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Bread Financial by 0.7% in the 1st quarter. Mackenzie Financial Corp now owns 40,918 shares of the company’s stock valued at $2,049,000 after acquiring an additional 296 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Bread Financial by 28.0% in the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company’s stock valued at $73,000 after acquiring an additional 319 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC boosted its holdings in shares of Bread Financial by 1.3% in the 2nd quarter. Castlekeep Investment Advisors LLC now owns 27,545 shares of the company’s stock valued at $1,573,000 after acquiring an additional 346 shares during the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BFH has been the subject of a number of research reports. Barclays boosted their target price on shares of Bread Financial from $50.00 to $52.00 and gave the company an “underweight” rating in a research report on Friday, October 24th. The Goldman Sachs Group lifted their price objective on Bread Financial from $60.00 to $68.00 and gave the company a “sell” rating in a research note on Friday, October 24th. Evercore ISI raised their target price on Bread Financial from $64.00 to $72.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Wall Street Zen lowered Bread Financial from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods lowered their price objective on Bread Financial from $88.00 to $71.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $70.00.

Bread Financial Price Performance

NYSE:BFH opened at $64.09 on Thursday. The stock has a market capitalization of $2.93 billion, a PE ratio of 6.53, a price-to-earnings-growth ratio of 0.50 and a beta of 1.41. The stock’s 50-day moving average price is $61.45 and its 200-day moving average price is $57.80. The company has a quick ratio of 1.18, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 52 week low of $38.21 and a 52 week high of $68.01.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $4.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $1.91. The company had revenue of $971.00 million for the quarter, compared to the consensus estimate of $974.30 million. Bread Financial had a return on equity of 15.97% and a net margin of 10.08%.Bread Financial’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.83 earnings per share. Bread Financial has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 27th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Bread Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 7th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 7th. This is a boost from Bread Financial’s previous quarterly dividend of $0.21. Bread Financial’s payout ratio is presently 9.37%.

About Bread Financial

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.