Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 4.3% during the third quarter, Holdings Channel reports. The firm owned 234,199 shares of the company’s stock after selling 10,401 shares during the quarter. Principal Financial Group Inc.’s holdings in Bread Financial were worth $11,143,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in BFH. GAMMA Investing LLC increased its position in shares of Bread Financial by 33.5% during the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after purchasing an additional 260 shares in the last quarter. CWM LLC increased its position in shares of Bread Financial by 47.5% during the second quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after purchasing an additional 550 shares in the last quarter. Point72 DIFC Ltd increased its position in shares of Bread Financial by 30.0% during the second 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. National Bank of Canada FI increased 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 valued at $88,000 after acquiring an additional 800 shares during the period. Finally, Headlands Technologies LLC increased its position in Bread Financial by 164.0% in the 2nd quarter. Headlands Technologies LLC now owns 2,355 shares of the company’s stock valued at $105,000 after acquiring an additional 1,463 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Insider Activity at Bread Financial

In related news, Director John J. Fawcett bought 1,000 shares of Bread Financial stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average price 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 $330,252.46. This represents a 18.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.62% of the stock is owned by corporate insiders.

Bread Financial Price Performance

Shares of NYSE:BFH opened at $58.50 on Monday. The business’s 50 day simple moving average is $51.25 and its 200-day simple moving average is $48.34. The firm 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 debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. 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 announced its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.03). The firm had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. Bread Financial’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm earned $3.46 EPS. As a group, equities analysts forecast that Bread Financial Holdings, Inc. will post 7.63 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be paid 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%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Evercore ISI boosted their price target on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. TD Cowen boosted 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. Bank of America dropped their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Finally, Barclays dropped their target price on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $49.64.

Bread Financial Company 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.