Principal Financial Group Inc. Lowers Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Principal Financial Group Inc. reduced its stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 4.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 234,199 shares of the company's stock after selling 10,401 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of Bread Financial worth $11,143,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of 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 valued at $49,000 after acquiring an additional 260 shares during the last quarter. CWM LLC raised its stake in shares of Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company's stock worth $76,000 after purchasing an additional 550 shares during the period. Point72 DIFC Ltd raised its stake 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 worth $77,000 after purchasing an additional 397 shares during the period. National Bank of Canada FI boosted its holdings in shares of Bread Financial by 70.3% in the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company's stock worth $88,000 after buying an additional 800 shares during the last quarter. Finally, Headlands Technologies LLC increased its holdings in Bread Financial by 164.0% during the second quarter. Headlands Technologies LLC now owns 2,355 shares of the company's stock worth $105,000 after buying an additional 1,463 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Bank of America decreased their price target on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a research note on Wednesday, September 25th. The Goldman Sachs Group increased their price target on Bread Financial from $40.00 to $53.00 and gave the stock a "sell" rating in a research note on Monday, July 29th. Barclays dropped their price objective 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. lifted their target price on shares of Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. Finally, Royal Bank of Canada raised their price objective on shares of Bread Financial from $47.00 to $58.00 and gave the stock a "sector perform" rating in a report on Friday, July 26th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $49.64.

Bread Financial Trading Down 1.4 %

Shares of NYSE:BFH traded down $0.83 during midday trading on Monday, hitting $57.67. 542,122 shares of the stock traded hands, compared to its average volume of 851,831. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $2.87 billion, a PE ratio of 9.41 and a beta of 1.94. Bread Financial Holdings, Inc. has a one year low of $26.58 and a one year high of $63.01. The business's 50 day moving average is $51.25 and its two-hundred day moving average is $48.41.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data 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 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 posted $3.46 earnings per share. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, research analysts forecast that Bread Financial Holdings, Inc. will post 7.63 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be issued a $0.21 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.46%. Bread Financial's dividend payout ratio (DPR) is presently 13.38%.

Insiders Place Their Bets

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of Bread Financial stock in a transaction dated Monday, October 28th. The shares were purchased at an average cost of $51.02 per share, with a total value of $51,020.00. Following the transaction, the director now directly owns 6,473 shares of the company's stock, valued at $330,252.46. This represents a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.62% of the stock is currently owned by company insiders.

Bread Financial 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.