Empowered Funds LLC Sells 13,199 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Empowered Funds LLC lowered its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,085 shares of the company's stock after selling 13,199 shares during the period. Empowered Funds LLC owned approximately 0.41% of Bread Financial worth $12,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BFH. The Manufacturers Life Insurance Company raised its holdings in shares of Bread Financial by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 27,252 shares of the company's stock valued at $1,214,000 after purchasing an additional 1,276 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Bread Financial in the 3rd quarter worth about $363,000. Handelsbanken Fonder AB raised its holdings in shares of Bread Financial by 75.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 14,000 shares of the company's stock worth $666,000 after acquiring an additional 6,000 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Bread Financial by 33.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock worth $49,000 after acquiring an additional 260 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Bread Financial by 43.7% in the 3rd quarter. CWM LLC now owns 2,455 shares of the company's stock worth $117,000 after acquiring an additional 747 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Stock Down 1.9 %

Bread Financial stock traded down $1.16 during trading hours on Wednesday, hitting $61.31. The stock had a trading volume of 491,806 shares, compared to its average volume of 647,897. The company has a quick ratio of 1.19, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. The stock's 50-day moving average price is $62.32 and its 200-day moving average price is $56.21. Bread Financial Holdings, Inc. has a 12-month low of $32.10 and a 12-month high of $66.71. The stock has a market capitalization of $3.05 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 1.34 and a beta of 1.93.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. Equities research analysts anticipate that Bread Financial Holdings, Inc. will post 6.63 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, February 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.37%. Bread Financial's payout ratio is 15.14%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BFH. Keefe, Bruyette & Woods upped their target price on shares of Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. TD Cowen increased their target price on shares of Bread Financial from $48.00 to $50.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Barclays raised their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research note on Monday, February 3rd. Finally, Royal Bank of Canada increased their target price on shares of Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $59.69.

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.