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

Brooktree Capital Management trimmed its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,244 shares of the company’s stock after selling 3,041 shares during the period. Bread Financial comprises about 6.9% of Brooktree Capital Management’s investment portfolio, making the stock its 5th biggest position. Brooktree Capital Management owned about 0.31% of Bread Financial worth $9,357,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BFH. Picton Mahoney Asset Management lifted its position in shares of Bread Financial by 2,083.3% in the fourth quarter. Picton Mahoney Asset Management now owns 524 shares of the company’s stock valued at $32,000 after acquiring an additional 500 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Bread Financial by 207.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company’s stock worth $86,000 after buying an additional 941 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in Bread Financial by 64.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company’s stock valued at $125,000 after buying an additional 1,033 shares during the last quarter. KBC Group NV boosted its stake in Bread Financial by 36.1% during the fourth quarter. KBC Group NV now owns 2,103 shares of the company’s stock valued at $128,000 after buying an additional 558 shares during the last quarter. Finally, Choreo LLC bought a new position in Bread Financial during the fourth quarter valued at approximately $201,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Stock Down 2.9 %

Bread Financial stock opened at $47.83 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.25 and a beta of 1.96. Bread Financial Holdings, Inc. has a 1-year low of $32.10 and a 1-year high of $66.71. The business has a fifty day moving average price of $58.05 and a 200-day moving average price of $56.47.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. Equities research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial announced that its Board of Directors has approved a share buyback program on Wednesday, March 5th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to reacquire up to 6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.76%. Bread Financial’s dividend payout ratio is currently 15.14%.

Analyst Ratings Changes

BFH has been the subject of a number of research reports. Morgan Stanley raised Bread Financial from an “underweight” rating to an “overweight” rating and increased their price target for the company from $35.00 to $76.00 in a research note on Thursday, December 19th. Royal Bank of Canada raised their price objective on Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Compass Point increased their price target on Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. The Goldman Sachs Group raised their price objective on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods raised their price objective on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $59.69.

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.