Bank of Montreal Can Lowers Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

Bank of Montreal Can trimmed its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 79.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 262,881 shares of the company's stock after selling 1,011,062 shares during the quarter. Bank of Montreal Can owned 0.53% of Bread Financial worth $12,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in Bread Financial during the third quarter worth about $3,090,000. Alpha DNA Investment Management LLC bought a new position in shares of Bread Financial during the 3rd quarter worth approximately $399,000. Algert Global LLC boosted its stake in shares of Bread Financial by 87.9% in the 3rd quarter. Algert Global LLC now owns 38,500 shares of the company's stock worth $1,832,000 after buying an additional 18,014 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Bread Financial by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 730,531 shares of the company's stock valued at $34,759,000 after acquiring an additional 13,484 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Bread Financial during the third quarter valued at approximately $3,550,000. Institutional investors own 99.52% of the company's stock.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of the firm's stock in a transaction on 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 purchase, the director now directly owns 6,473 shares of the company's stock, valued at $330,252.46. The trade was a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.62% of the company's stock.

Bread Financial Stock Performance

Shares of Bread Financial stock traded up $1.58 during trading hours on Monday, reaching $60.41. The company had a trading volume of 590,983 shares, compared to its average volume of 841,621. The firm has a market cap of $3.00 billion, a PE ratio of 9.62 and a beta of 1.94. Bread Financial Holdings, Inc. has a one year low of $28.00 and a one year high of $63.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The business has a fifty day simple moving average of $52.96 and a 200 day simple moving average of $49.76.

Bread Financial (NYSE:BFH - Get Free Report) 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 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 analysts' expectations of $981.26 million. During the same period in the previous year, the firm earned $3.46 EPS. The firm's quarterly revenue was down 4.7% compared to the same quarter last year. On average, analysts anticipate that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

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 paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial's dividend payout ratio is presently 13.38%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Evercore ISI boosted their price objective on Bread Financial from $52.00 to $54.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Barclays cut their price target on shares of Bread Financial from $35.00 to $34.00 and set an "underweight" rating on the stock in a report on Friday, October 25th. 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. Bank of America dropped their target price on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating on the stock in a research note on Wednesday, September 25th. Finally, The Goldman Sachs Group raised their price target 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. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Bread Financial has an average rating of "Hold" and an average target price 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.