Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 35.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,812 shares of the company's stock after selling 44,319 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.16% of Bread Financial worth $4,995,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BFH. Picton Mahoney Asset Management boosted its stake in Bread Financial by 2,083.3% in the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock worth $32,000 after buying an additional 500 shares during the last quarter. Pinnacle Holdings LLC purchased a new position in shares of Bread Financial during the 4th quarter worth about $46,000. Smartleaf Asset Management LLC boosted 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 acquiring an additional 941 shares during the last quarter. KBC Group NV grew its holdings in Bread Financial by 36.1% in the fourth quarter. KBC Group NV now owns 2,103 shares of the company's stock valued at $128,000 after purchasing an additional 558 shares during the period. Finally, Choreo LLC acquired a new position in Bread Financial during the fourth quarter worth approximately $201,000. Hedge funds and other institutional investors own 99.52% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a research note on Friday, January 31st. Barclays upped their price target on Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a research note on Friday, January 31st. The Goldman Sachs Group reduced their price objective on Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley downgraded shares of Bread Financial from an "overweight" rating to an "underweight" rating and set a $33.00 target price for the company. in a research report on Monday, April 7th. Finally, Compass Point lifted their price target on shares of Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $57.08.

Bread Financial Stock Performance

Bread Financial stock opened at $46.76 on Friday. 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 firm's fifty day moving average price is $50.99 and its 200 day moving average price is $55.71. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 1.25 and a beta of 1.58. Bread Financial Holdings, Inc. has a 12-month low of $32.25 and a 12-month high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.41 EPS for the quarter, beating 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%. On average, research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.80%. Bread Financial's dividend payout ratio (DPR) is presently 15.14%.

Bread Financial declared that its Board of Directors has authorized a stock buyback program on Wednesday, March 5th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to purchase up to 6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

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.

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