Rockefeller Capital Management L.P. Buys Shares of 126,131 Bread Financial Holdings, Inc. (NYSE:BFH)

Rockefeller Capital Management L.P. acquired a new position in Bread Financial Holdings, Inc. (NYSE:BFH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 126,131 shares of the company’s stock, valued at approximately $6,001,000.

Other large investors have also recently made changes to their positions in the company. 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 worth $141,386,000 after acquiring an additional 70,092 shares during the last quarter. American Century Companies Inc. increased its stake in Bread Financial by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock worth $51,754,000 after buying an additional 212,276 shares during the period. Point72 Asset Management L.P. increased its stake in Bread Financial by 152.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock worth $28,772,000 after buying an additional 390,413 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Bread Financial during the 3rd quarter worth approximately $576,000. Finally, Natixis Advisors LLC purchased a new stake in Bread Financial during the 2nd quarter worth approximately $582,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Bread Financial

In other news, Director John J. Fawcett bought 1,000 shares of Bread Financial stock in a transaction dated Monday, October 28th. The stock was bought at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the purchase, the director now owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. The trade was a 18.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BFH shares. TD Cowen upped their target price on shares of Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Bank of America cut their target price on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Evercore ISI upped their target price on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on shares of Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Finally, The Goldman Sachs Group increased their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research report on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Bread Financial presently has an average rating of “Hold” and a consensus price target of $50.00.

Bread Financial Trading Down 0.1 %

Shares of Bread Financial stock opened at $61.11 on Thursday. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 9.73 and a beta of 1.96. The company has a fifty day simple moving average of $53.53 and a 200-day simple moving average of $49.97. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 12-month low of $28.00 and a 12-month high of $63.01.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). The business had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.46 EPS. On average, equities analysts forecast that Bread Financial Holdings, Inc. will post 7.49 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, November 8th. Bread Financial’s dividend payout ratio (DPR) is presently 13.38%.

Bread Financial 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.