Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC reduced its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 21.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,460 shares of the company's stock after selling 63,330 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.47% of Bread Financial worth $11,156,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Centiva Capital LP purchased a new position in Bread Financial in the 3rd quarter valued at approximately $1,635,000. ClearAlpha Technologies LP purchased a new position in Bread Financial during the third quarter worth $275,000. Paloma Partners Management Co purchased a new position in Bread Financial during the third quarter worth $747,000. Point72 Asia Singapore Pte. Ltd. increased its position in Bread Financial by 64.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company's stock worth $125,000 after buying an additional 1,033 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Bread Financial during the third quarter worth $4,276,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Stock Down 0.1 %

Shares of BFH traded down $0.04 during midday trading on Wednesday, reaching $61.11. 486,224 shares of the company were exchanged, compared to its average volume of 839,576. The stock has a 50-day moving average price of $53.53 and a 200-day moving average price of $49.97. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 9.73 and a beta of 1.96. Bread Financial Holdings, Inc. has a 1-year low of $28.00 and a 1-year high of $63.01. 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 (NYSE:BFH - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The business had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. During the same quarter last year, the firm posted $3.46 EPS. The company's revenue was down 4.7% compared to the same quarter last year. Research analysts expect that Bread Financial Holdings, Inc. will post 7.49 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. Investors of record on Friday, November 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, November 8th. Bread Financial's dividend payout ratio (DPR) is 13.38%.

Analyst Ratings Changes

Several research firms have weighed in on BFH. Bank of America dropped their price target on Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Barclays dropped their price target on Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a research report on Friday, October 25th. The Goldman Sachs Group lifted their price objective on Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a research report on Tuesday, November 19th. TD Cowen lifted their price objective on Bread Financial from $48.00 to $50.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Bread Financial from $48.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $50.00.

Insider Buying and Selling

In other news, Director John J. Fawcett acquired 1,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average cost of $51.02 per share, with a total value of $51,020.00. Following the completion of the acquisition, the director now directly owns 6,473 shares in the company, 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 SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company's stock.

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.