Rhumbline Advisers Sells 628 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Rhumbline Advisers reduced its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 160,615 shares of the company’s stock after selling 628 shares during the quarter. Rhumbline Advisers owned 0.32% of Bread Financial worth $9,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BFH. Pallas Capital Advisors LLC grew its position in Bread Financial by 6.2% in the third quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock worth $239,000 after acquiring an additional 278 shares in the last quarter. Savant Capital LLC lifted its stake in Bread Financial by 5.8% during the fourth quarter. Savant Capital LLC now owns 5,329 shares of the company’s stock worth $325,000 after purchasing an additional 290 shares during the last quarter. Highland Capital Management LLC boosted its holdings in shares of Bread Financial by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 5,734 shares of the company’s stock worth $350,000 after purchasing an additional 350 shares in the last quarter. Natixis Advisors LLC increased its position in shares of 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 during the last quarter. Finally, KBC Group NV raised its holdings in shares of Bread Financial by 36.1% during the 4th quarter. KBC Group NV now owns 2,103 shares of the company’s stock valued at $128,000 after buying an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

BFH has been the subject of a number of research reports. Compass Point upped their price objective on shares of Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group upped their price target on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research report on Tuesday, November 19th. Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. JMP Securities restated a “market perform” rating on shares of Bread Financial in a report on Monday, February 3rd. Finally, Barclays raised their price target on Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bread Financial has a consensus rating of “Hold” and an average target price of $59.69.

Bread Financial Stock Performance

NYSE:BFH opened at $55.36 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $61.59 and its 200 day simple moving average is $56.92. The stock has a market cap of $2.72 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 1.31 and a beta of 1.93. Bread Financial Holdings, Inc. has a twelve month low of $32.10 and a twelve month high of $66.71.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. As a group, research analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, February 14th. Bread Financial’s payout ratio is presently 15.14%.

Bread Financial 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.