Brooktree Capital Management Grows Stock Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Brooktree Capital Management lifted its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 0.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 137,733 shares of the company’s stock after buying an additional 853 shares during the quarter. Bread Financial makes up 3.7% of Brooktree Capital Management’s holdings, making the stock its 12th largest holding. Brooktree Capital Management’s holdings in Bread Financial were worth $4,537,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BFH. Allspring Global Investments Holdings LLC lifted its stake in Bread Financial by 25.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,168 shares of the company’s stock worth $108,000 after purchasing an additional 633 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Bread Financial in the 3rd quarter worth $116,000. Compagnie Lombard Odier SCmA purchased a new stake in Bread Financial in the 3rd quarter worth $187,000. Atria Wealth Solutions Inc. purchased a new stake in Bread Financial in the 4th quarter worth $206,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Bread Financial in the 3rd quarter worth $229,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Trading Down 0.1 %

NYSE:BFH traded down $0.05 during mid-day trading on Wednesday, hitting $36.86. 123,228 shares of the stock traded hands, compared to its average volume of 790,030. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 4.65, a PEG ratio of 0.15 and a beta of 1.93. Bread Financial Holdings, Inc. has a 52 week low of $23.19 and a 52 week high of $41.89. The firm’s 50 day moving average is $36.52 and its two-hundred day moving average is $33.16. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). The company had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. Bread Financial’s revenue was down 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.08 earnings per share. On average, equities research analysts predict that Bread Financial Holdings, Inc. will post 6.5 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 10th will be paid a $0.21 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.84 dividend on an annualized basis and a yield of 2.28%. Bread Financial’s dividend payout ratio is currently 10.58%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a report on Thursday, April 4th. BMO Capital Markets boosted their target price on shares of Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Oppenheimer upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a report on Friday, January 26th. Finally, Barclays reduced their target price on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a report on Tuesday, April 9th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Bread Financial presently has an average rating of “Hold” and an average price target of $36.64.

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.