Cwm LLC Acquires 747 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Cwm LLC increased its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 43.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,455 shares of the company’s stock after acquiring an additional 747 shares during the period. Cwm LLC’s holdings in Bread Financial were worth $117,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in Bread Financial during the first quarter valued at $33,000. GAMMA Investing LLC boosted its stake in shares of Bread Financial by 33.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after purchasing an additional 260 shares during the period. Point72 DIFC Ltd grew its holdings in Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after purchasing an additional 397 shares during the last quarter. National Bank of Canada FI raised its position in Bread Financial by 70.3% in 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. Finally, Meeder Asset Management Inc. bought a new stake in Bread Financial in the second quarter worth about $135,000. 99.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BFH has been the topic of a number of analyst reports. TD Cowen upped their target price on Bread Financial from $44.00 to $57.00 and gave the company a “hold” rating in a research note on Friday, July 26th. The Goldman Sachs Group upped their price objective on Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a research report on Monday, July 29th. Jefferies Financial Group lifted their target price on Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, July 9th. Royal Bank of Canada boosted their target price on shares of Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Finally, Evercore ISI reduced their price target on shares of Bread Financial from $59.00 to $52.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. Three equities 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 company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $50.00.

Bread Financial Price Performance

Shares of BFH opened at $49.39 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 1.19. The company has a 50 day moving average price of $51.66 and a 200-day moving average price of $46.16. Bread Financial Holdings, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $59.66. The stock has a market capitalization of $2.45 billion, a PE ratio of 6.22, a PEG ratio of 0.17 and a beta of 1.94.

Bread Financial (NYSE:BFH) last posted its earnings results 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 return on equity of 16.24% and a net margin of 9.77%. The company had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $981.26 million. During the same quarter in the prior year, the company earned $3.46 EPS. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts predict that Bread Financial Holdings, Inc. will post 7.44 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be paid a $0.21 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.70%. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

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.