Castlekeep Investment Advisors LLC Reduces Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

Castlekeep Investment Advisors LLC lowered its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,199 shares of the company’s stock after selling 295 shares during the period. Castlekeep Investment Advisors LLC owned approximately 0.06% of Bread Financial worth $1,362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its position in Bread Financial by 2.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company’s stock valued at $443,000 after buying an additional 175 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in Bread Financial by 3.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,202 shares of the company’s stock worth $318,000 after purchasing an additional 184 shares in the last quarter. Federated Hermes Inc. boosted its position in Bread Financial by 1.0% in the 4th quarter. Federated Hermes Inc. now owns 30,641 shares of the company’s stock worth $1,871,000 after purchasing an additional 305 shares in the last quarter. GAMMA Investing LLC boosted its position in Bread Financial by 28.0% in 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 in the last quarter. Finally, QRG Capital Management Inc. boosted its position in Bread Financial by 10.2% in 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 in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on BFH. JMP Securities restated a “market perform” rating on shares of Bread Financial in a research report on Monday, April 28th. BTIG Research set a $105.00 price objective on Bread Financial and gave the stock a “buy” rating in a research report on Monday. Jefferies Financial Group upped their price objective on Bread Financial from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, April 24th. Barclays reiterated an “underweight” rating and set a $52.00 target price (up previously from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Finally, The Goldman Sachs Group decreased their target price on Bread Financial from $68.00 to $58.00 and set a “sell” rating on the stock in a research report on Tuesday, March 18th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.92.

Bread Financial Trading Down 2.1%

Shares of BFH stock opened at $61.24 on Monday. The stock’s fifty day moving average is $53.98 and its two-hundred day moving average is $54.17. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $2.85 billion, a P/E ratio of 10.88, a PEG ratio of 1.14 and a beta of 1.38. Bread Financial Holdings, Inc. has a fifty-two week low of $38.21 and a fifty-two week high of $66.71.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.76. The company had revenue of $970.00 million for the quarter, compared to analyst estimates of $956.17 million. Bread Financial had a return on equity of 12.60% and a net margin of 5.89%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.73 EPS. Research analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 9th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.37%. Bread Financial’s payout ratio is currently 14.92%.

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.