Bread Financial Holdings, Inc. $BFH Stock Position Lowered by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 5.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 680,011 shares of the company’s stock after selling 40,646 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.46% of Bread Financial worth $34,055,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its holdings in shares of Bread Financial by 3.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,202 shares of the company’s stock valued at $318,000 after buying an additional 184 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Bread Financial by 0.7% during the 1st quarter. Mackenzie Financial Corp now owns 40,918 shares of the company’s stock worth $2,049,000 after acquiring an additional 296 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Bread Financial by 28.0% during the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company’s stock worth $73,000 after purchasing an additional 319 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of Bread Financial by 10.2% during the 1st quarter. QRG Capital Management Inc. now owns 4,037 shares of the company’s stock worth $202,000 after purchasing an additional 373 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Bread Financial by 4.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 9,404 shares of the company’s stock worth $574,000 after purchasing an additional 395 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John J. Fawcett acquired 1,027 shares of the company’s stock in a transaction dated Wednesday, July 30th. The stock was bought at an average cost of $61.79 per share, with a total value of $63,458.33. Following the acquisition, the director owned 10,302 shares of the company’s stock, valued at approximately $636,560.58. The trade was a 11.07% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on BFH. Royal Bank Of Canada raised their price objective on Bread Financial from $65.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. BTIG Research set a $105.00 price objective on Bread Financial and gave the company a “buy” rating in a research report on Monday, July 14th. Jefferies Financial Group raised their price target on Bread Financial from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, April 24th. Wall Street Zen downgraded Bread Financial from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a research note on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Bread Financial has a consensus rating of “Hold” and a consensus target price of $64.42.

Bread Financial Trading Up 0.9%

BFH opened at $60.26 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 1.18. Bread Financial Holdings, Inc. has a fifty-two week low of $38.21 and a fifty-two week high of $66.71. The firm has a market capitalization of $2.81 billion, a PE ratio of 10.20, a P/E/G ratio of 0.96 and a beta of 1.42. The company’s 50-day moving average is $58.73 and its 200 day moving average is $54.03.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $1.29. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The firm had revenue of $929.00 million during the quarter, compared to the consensus estimate of $944.69 million. During the same period in the prior year, the firm earned $2.66 EPS. The company’s revenue was down 1.1% compared to the same quarter last year. As a group, research analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 8th. Bread Financial’s dividend payout ratio (DPR) is presently 14.21%.

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.