126,131 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. purchased a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 126,131 shares of the company's stock, valued at approximately $6,001,000. Rockefeller Capital Management L.P. owned 0.25% of Bread Financial as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of Bread Financial by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company's stock valued at $141,386,000 after purchasing an additional 70,092 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Bread Financial by 81.6% in the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company's stock valued at $65,245,000 after purchasing an additional 657,968 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Bread Financial by 6.1% in the second quarter. Victory Capital Management Inc. now owns 1,249,669 shares of the company's stock valued at $55,685,000 after purchasing an additional 71,777 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Bread Financial by 22.4% in the second quarter. American Century Companies Inc. now owns 1,161,443 shares of the company's stock valued at $51,754,000 after purchasing an additional 212,276 shares in the last quarter. Finally, Pzena Investment Management LLC increased its holdings in shares of Bread Financial by 38.2% in the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company's stock valued at $41,910,000 after purchasing an additional 243,419 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BFH. Barclays lowered their price target on shares of Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a report on Friday, October 25th. Evercore ISI lifted their target price on shares of Bread Financial from $52.00 to $54.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their target price on shares of Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their target price on shares of Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. Finally, Bank of America lowered their target price on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a report on Wednesday, September 25th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $50.00.

Insider Buying and Selling

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the company's stock in a transaction dated Monday, October 28th. The stock was purchased at an average price of $51.02 per share, with a total value of $51,020.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 0.62% of the stock is currently owned by company insiders.

Bread Financial Stock Performance

Shares of BFH traded up $0.37 during mid-day trading on Thursday, hitting $61.48. 150,662 shares of the company's stock were exchanged, compared to its average volume of 836,634. Bread Financial Holdings, Inc. has a 52 week low of $28.00 and a 52 week high of $63.01. The stock's 50-day simple moving average is $53.53 and its 200-day simple moving average is $49.97. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 9.73 and a beta of 1.96. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33.

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). The business had revenue of $983.00 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business posted $3.46 earnings per share. On average, equities research analysts expect that Bread Financial Holdings, Inc. will post 7.49 EPS for the current year.

Bread Financial Announces Dividend

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

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.