Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lowered its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,877 shares of the company’s stock after selling 651 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.05% of Bread Financial worth $1,279,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings 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 purchasing an additional 260 shares in the last quarter. CWM LLC grew its stake 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 buying an additional 550 shares in the last quarter. Point72 DIFC Ltd raised its holdings in shares of 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 buying an additional 397 shares during the period. National Bank of Canada FI lifted its position 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 acquiring an additional 800 shares in the last quarter. Finally, Headlands Technologies LLC boosted its holdings in Bread Financial by 164.0% in the 2nd quarter. Headlands Technologies LLC now owns 2,355 shares of the company’s stock worth $105,000 after acquiring an additional 1,463 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Insider Activity

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the purchase, the director now directly owns 6,473 shares in the company, valued at $330,252.46. This trade represents a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is currently owned by company insiders.

Bread Financial Stock Down 1.1 %

Shares of BFH stock opened at $57.95 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The business’s fifty day moving average is $52.43 and its 200-day moving average is $49.27. Bread Financial Holdings, Inc. has a 1 year low of $26.58 and a 1 year high of $63.01. The stock has a market cap of $2.88 billion, a PE ratio of 9.23 and a beta of 1.94.

Bread Financial (NYSE:BFH) last released its quarterly 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 firm 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 firm earned $3.46 EPS. The firm’s revenue was down 4.7% compared to the same quarter last year. Equities analysts expect that Bread Financial Holdings, Inc. will post 7.67 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BFH. The Goldman Sachs Group lifted their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note on Tuesday, November 19th. Evercore ISI lifted their price target 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. Bank of America decreased 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. TD Cowen lifted their target price on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Barclays reduced their price target on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $50.00.

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.