Charles Schwab Investment Management Inc. Raises Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Charles Schwab Investment Management Inc. grew its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 730,531 shares of the company’s stock after purchasing an additional 13,484 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Bread Financial were worth $34,759,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BFH shares. Bank of America cut their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. TD Cowen increased their price target on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. The Goldman Sachs Group increased their price target on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. increased their price target on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Finally, Barclays cut their price target on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, October 25th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $50.00.

Bread Financial Stock Up 1.2 %

BFH stock opened at $61.15 on Wednesday. The firm has a market cap of $3.04 billion, a PE ratio of 9.74 and a beta of 1.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The firm’s 50 day moving average price is $53.24 and its 200-day moving average price is $49.90. Bread Financial Holdings, Inc. has a one year low of $28.00 and a one year high of $63.01.

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

Bread Financial Dividend Announcement

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

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was acquired at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the purchase, the director now directly owns 6,473 shares in the company, valued at approximately $330,252.46. The trade was 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. 0.62% of the stock is owned by insiders.

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.