Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,349 shares of the company’s stock after selling 763 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of Bread Financial worth $1,348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in Bread Financial during the first quarter worth $33,000. GAMMA Investing LLC lifted its stake in Bread Financial by 33.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after buying an additional 260 shares in the last quarter. CWM LLC lifted its position in shares of 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 acquiring an additional 550 shares in the last quarter. Point72 DIFC Ltd lifted its position in shares of Bread Financial by 30.0% in the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after acquiring an additional 397 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Bread Financial by 70.3% in the second quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after acquiring an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Up 1.8 %

Shares of NYSE:BFH opened at $50.75 on Monday. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 0.17 and a beta of 1.94. Bread Financial Holdings, Inc. has a 12-month low of $26.27 and a 12-month high of $59.66. The business has a 50-day moving average price of $51.19 and a 200 day moving average price of $46.90. The company has a current ratio of 1.17, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last announced its quarterly 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 net margin of 6.37% and a return on equity of 13.33%. The company had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. During the same quarter in the prior year, the business earned $3.46 earnings per share. Bread Financial’s revenue was down 4.7% on a year-over-year basis. Sell-side analysts expect that Bread Financial Holdings, Inc. will post 7.59 EPS for the current year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Friday, November 8th. Bread Financial’s payout ratio is 13.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. The Goldman Sachs Group raised their price target on shares of Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. Jefferies Financial Group upped their price objective on shares of Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, July 9th. Evercore ISI raised their target price on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, TD Cowen upped their price target on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $49.64.

Insiders Place Their Bets

In other news, Director John J. Fawcett acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the acquisition, the director now owns 6,473 shares of the company’s stock, valued at $330,252.46. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is owned by insiders.

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.