Bread Financial Holdings, Inc. (NYSE:BFH) is Brooktree Capital Management’s 5th Largest Position

Brooktree Capital Management lowered its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 1.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 portfolio, making the stock its 5th largest holding. Brooktree Capital Management’s holdings in Bread Financial were worth $9,357,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management raised its stake in shares of Bread Financial by 2,083.3% during the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company’s stock valued at $32,000 after buying an additional 500 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Bread Financial by 207.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company’s stock valued at $86,000 after buying an additional 941 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Bread Financial by 64.6% during the 3rd 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 increased its stake in shares of Bread Financial by 36.1% in the 4th quarter. KBC Group NV now owns 2,103 shares of the company’s stock valued at $128,000 after purchasing an additional 558 shares in the last quarter. Finally, Choreo LLC purchased a new position in shares of Bread Financial in the 4th quarter valued at about $201,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Down 2.9 %

Shares of BFH opened at $47.83 on Tuesday. Bread Financial Holdings, Inc. has a 1 year low of $32.10 and a 1 year high of $66.71. The company’s 50-day simple moving average is $58.05 and its 200-day simple moving average is $56.47. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $2.35 billion, a PE ratio of 8.62, a P/E/G ratio of 1.25 and a beta of 1.96.

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

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

Bread Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BFH shares. Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $35.00 to $76.00 in a research note on Thursday, December 19th. Royal Bank of Canada lifted their price target 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. Keefe, Bruyette & Woods lifted their price target on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Barclays lifted their price target on Bread Financial from $51.00 to $53.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Finally, Compass Point lifted their price target on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.