Victory Capital Management Inc. Sells 1,172,835 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Victory Capital Management Inc. trimmed its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 93.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,834 shares of the company's stock after selling 1,172,835 shares during the quarter. Victory Capital Management Inc. owned 0.15% of Bread Financial worth $3,656,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Millennium Management LLC lifted its stake in shares of Bread Financial by 81.6% in the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company's stock valued at $65,245,000 after buying an additional 657,968 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Bread Financial by 152.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company's stock valued at $28,772,000 after purchasing an additional 390,413 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Bread Financial by 86.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 485,113 shares of the company's stock valued at $18,066,000 after purchasing an additional 224,545 shares during the last quarter. Vanguard Group Inc. increased its holdings in Bread Financial by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company's stock worth $217,766,000 after purchasing an additional 216,274 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Bread Financial by 22.4% in the second quarter. American Century Companies Inc. now owns 1,161,443 shares of the company's stock worth $51,754,000 after purchasing an additional 212,276 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Price Performance

Shares of NYSE BFH opened at $58.07 on Friday. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 9.25 and a beta of 1.94. The stock has a fifty day simple moving average of $52.11 and a two-hundred day simple moving average of $48.89. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 1-year low of $26.58 and a 1-year high of $63.01.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.03). The firm had revenue of $983.00 million during the quarter, compared to analysts' expectations of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The company's revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business posted $3.46 EPS. Analysts anticipate that Bread Financial Holdings, Inc. will post 7.67 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial's dividend payout ratio (DPR) is currently 13.38%.

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of the stock in a transaction on Monday, October 28th. The shares were acquired at an average price of $51.02 per share, with a total value of $51,020.00. Following the acquisition, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BFH. Bank of America cut their target price on Bread Financial from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Wednesday, September 25th. JPMorgan Chase & Co. lifted 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. 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 report on Monday, October 28th. 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. Finally, Evercore ISI upped their price objective on shares of Bread Financial from $52.00 to $54.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $50.00.

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.