Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Covestor Ltd

Covestor Ltd cut its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 21.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,019 shares of the company’s stock after selling 554 shares during the period. Covestor Ltd’s holdings in Bread Financial were worth $96,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in Bread Financial by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock worth $217,766,000 after purchasing an additional 216,274 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Bread Financial by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company’s stock worth $141,386,000 after buying an additional 70,092 shares during the last quarter. Millennium Management LLC raised its holdings in Bread Financial by 81.6% in the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock valued at $65,245,000 after acquiring an additional 657,968 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Bread Financial by 6.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,249,669 shares of the company’s stock valued at $55,685,000 after acquiring an additional 71,777 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Bread Financial by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock worth $51,754,000 after acquiring an additional 212,276 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Ratings Changes

BFH has been the topic of several research reports. Compass Point upped their price objective on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. raised their price objective on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Barclays dropped their target price on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a report on Friday, October 25th. Bank of America decreased their price target on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Finally, TD Cowen increased their price objective on shares of Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Bread Financial presently has an average rating of “Hold” and an average target price of $49.64.

Insider Buying and Selling

In other news, Director John J. Fawcett purchased 1,000 shares of the stock in a transaction dated Monday, October 28th. The shares were bought at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the transaction, the director now owns 6,473 shares in the company, valued at $330,252.46. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.62% of the stock is owned by corporate insiders.

Bread Financial Stock Performance

Shares of BFH stock opened at $58.64 on Wednesday. The business has a 50 day simple moving average of $51.17 and a 200 day simple moving average of $47.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 9.34 and a beta of 1.94. Bread Financial Holdings, Inc. has a 12-month low of $26.27 and a 12-month high of $63.01.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). The business had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. Bread Financial’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the business posted $3.46 earnings per share. On average, equities research analysts anticipate that Bread Financial Holdings, Inc. will post 7.63 EPS for the current year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.43%. Bread Financial’s dividend payout ratio is presently 13.38%.

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.