Charles Schwab Investment Management Inc. Has $34.76 Million Stock Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Charles Schwab Investment Management Inc. lifted its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 730,531 shares of the company's stock after acquiring an additional 13,484 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.47% of Bread Financial worth $34,759,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in Bread Financial by 33.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock valued at $49,000 after purchasing an additional 260 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in Bread Financial by 6.2% during the 3rd quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company's stock valued at $239,000 after purchasing an additional 278 shares in the last quarter. Arizona State Retirement System grew its holdings in Bread Financial by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 13,836 shares of the company's stock valued at $617,000 after purchasing an additional 279 shares in the last quarter. Natixis Advisors LLC grew its holdings in Bread Financial by 2.8% during the 3rd quarter. Natixis Advisors LLC now owns 13,421 shares of the company's stock valued at $639,000 after purchasing an additional 369 shares in the last quarter. Finally, Point72 DIFC Ltd grew its holdings in Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock valued at $77,000 after purchasing an additional 397 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Price Performance

Shares of BFH traded down $0.04 during mid-day trading on Wednesday, hitting $61.11. The company's stock had a trading volume of 486,224 shares, compared to its average volume of 839,576. The firm has a 50-day moving average price of $53.24 and a 200 day moving average price of $49.90. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 9.74 and a beta of 1.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. Bread Financial Holdings, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $63.01.

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

Bread Financial Announces Dividend

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

Analyst Ratings Changes

A number of research firms have commented on BFH. Evercore ISI increased their price objective on shares of Bread Financial from $52.00 to $54.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. Bank of America reduced their price objective 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. Barclays reduced their price target on shares of Bread Financial from $35.00 to $34.00 and set an "underweight" rating on the stock in a research report on Friday, October 25th. Finally, The Goldman Sachs Group raised their price target on shares of Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a research report on Tuesday, November 19th. Three 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, Bread Financial has an average rating of "Hold" and an average price target of $50.00.

Insiders Place Their Bets

In related news, Director John J. Fawcett purchased 1,000 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the acquisition, the director now owns 6,473 shares in the company, valued at $330,252.46. This trade represents a 18.27 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company's stock.

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.