Los Angeles Capital Management LLC Lowers Stock Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Los Angeles Capital Management LLC lessened its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,366 shares of the company’s stock after selling 327 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Bread Financial were worth $731,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BFH. Headlands Technologies LLC acquired a new stake in shares of Bread Financial during the first quarter worth about $33,000. GAMMA Investing LLC raised its stake in shares of Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after acquiring an additional 260 shares in the last quarter. CWM LLC boosted its holdings in Bread Financial by 47.5% in the second quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after purchasing an additional 550 shares during the period. Point72 DIFC Ltd grew its stake in Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after purchasing an additional 397 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in Bread Financial by 70.3% during the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Insider Activity

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were purchased at an average cost of $51.02 per share, with a total value of $51,020.00. Following the purchase, the director now owns 6,473 shares in the company, valued at approximately $330,252.46. This represents a 18.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on BFH shares. Royal Bank of Canada boosted their price objective on Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. The Goldman Sachs Group raised their price objective on shares of Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Bank of America cut their price objective on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Compass Point lifted their price target on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Bread Financial has an average rating of “Hold” and an average price target of $49.64.

Bread Financial Trading Up 3.2 %

Shares of BFH stock opened at $58.50 on Friday. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 9.32 and a beta of 1.94. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $51.19 and a 200 day moving average price of $48.12. Bread Financial Holdings, Inc. has a twelve month low of $26.27 and a twelve month high of $63.01.

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

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial’s dividend payout ratio (DPR) is 13.38%.

About Bread Financial

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.