Rockefeller Capital Management L.P. Sells 44,319 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Rockefeller Capital Management L.P. cut its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 35.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,812 shares of the company's stock after selling 44,319 shares during the period. Rockefeller Capital Management L.P. owned about 0.16% of Bread Financial worth $4,995,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its holdings in shares of Bread Financial by 11.1% during the fourth quarter. Sterling Capital Management LLC now owns 14,005 shares of the company's stock worth $855,000 after purchasing an additional 1,395 shares during the period. Pinnacle Holdings LLC bought a new stake in shares of Bread Financial in the 4th quarter valued at about $46,000. Federated Hermes Inc. increased its stake in shares of Bread Financial by 1.0% in the fourth quarter. Federated Hermes Inc. now owns 30,641 shares of the company's stock valued at $1,871,000 after buying an additional 305 shares during the period. Russell Investments Group Ltd. raised its position in shares of Bread Financial by 13.2% during the fourth quarter. Russell Investments Group Ltd. now owns 203,376 shares of the company's stock worth $12,418,000 after acquiring an additional 23,646 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Bread Financial by 4.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,404 shares of the company's stock worth $574,000 after acquiring an additional 395 shares during the period. 99.52% of the stock is owned by institutional investors.

Bread Financial Stock Performance

BFH stock traded up $1.73 during midday trading on Wednesday, hitting $48.62. The company's stock had a trading volume of 766,660 shares, compared to its average volume of 875,901. Bread Financial Holdings, Inc. has a 1 year low of $33.58 and a 1 year high of $66.71. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 1.25 and a beta of 1.58. The stock's 50-day moving average price is $50.07 and its 200 day moving average price is $55.75. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. On average, equities analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 5th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to purchase up to 6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, February 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.73%. Bread Financial's payout ratio is currently 15.14%.

Wall Street Analysts Forecast Growth

BFH has been the subject of several recent analyst reports. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research report on Monday, February 3rd. Morgan Stanley downgraded Bread Financial from an "overweight" rating to an "underweight" rating and set a $33.00 price objective on the stock. in a research note on Monday, April 7th. Royal Bank of Canada lifted their target price on Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st. The Goldman Sachs Group cut their price target on Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a report on Tuesday, March 18th. Finally, Barclays lifted their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a research note on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Bread Financial has an average rating of "Hold" and an average price target of $57.08.

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.