Massachusetts Financial Services Co. MA Has $1.28 Million Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Massachusetts Financial Services Co. MA lessened its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,877 shares of the company’s stock after selling 651 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Bread Financial were worth $1,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its position in Bread Financial by 33.5% in 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. Pallas Capital Advisors LLC raised its holdings in shares of Bread Financial by 6.2% in the 3rd quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock worth $239,000 after buying an additional 278 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Bread Financial by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock worth $617,000 after buying an additional 279 shares during the period. Natixis Advisors LLC boosted its stake in Bread Financial by 2.8% in the 3rd quarter. Natixis Advisors LLC now owns 13,421 shares of the company’s stock valued at $639,000 after buying an additional 369 shares in the last quarter. Finally, Point72 DIFC Ltd boosted its stake in Bread Financial by 30.0% in the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after buying an additional 397 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett purchased 1,000 shares of Bread Financial stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the transaction, the director now directly owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. This trade 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. Corporate insiders own 0.62% of the company’s stock.

Bread Financial Trading Down 1.1 %

Shares of BFH opened at $57.95 on Thursday. The stock’s fifty day simple moving average is $52.43 and its 200-day simple moving average is $49.27. The firm has a market capitalization of $2.88 billion, a PE ratio of 9.23 and a beta of 1.94. Bread Financial Holdings, Inc. has a 12-month low of $26.58 and a 12-month high of $63.01. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) 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 business had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. During the same quarter in the previous year, the company posted $3.46 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, research analysts predict that Bread Financial Holdings, Inc. will post 7.67 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial’s dividend payout ratio is presently 13.38%.

Wall Street Analysts Forecast Growth

BFH has been the subject of several recent analyst reports. Evercore ISI increased their price objective on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Bank of America cut 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. The Goldman Sachs Group upped their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. raised their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Finally, Barclays reduced their target price on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Bread Financial has an average rating of “Hold” and a consensus price target of $50.00.

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.