Edgestream Partners L.P. Cuts Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Edgestream Partners L.P. lessened its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 54.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,384 shares of the company's stock after selling 16,252 shares during the period. Edgestream Partners L.P.'s holdings in Bread Financial were worth $637,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Bread Financial by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company's stock worth $141,386,000 after purchasing an additional 70,092 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Bread Financial by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company's stock worth $51,754,000 after buying an additional 212,276 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of Bread Financial by 152.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company's stock worth $28,772,000 after buying an additional 390,413 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Bread Financial during the 3rd quarter worth about $576,000. Finally, Natixis Advisors LLC bought a new stake in shares of Bread Financial during the 2nd quarter worth about $582,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Bread Financial news, Director John J. Fawcett acquired 1,000 shares of the stock in a transaction on Monday, October 28th. The shares were purchased at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the acquisition, the director now owns 6,473 shares in the company, valued at approximately $330,252.46. This represents a 18.27 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.62% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BFH. The Goldman Sachs Group lifted their target price on shares of Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a report on Tuesday, November 19th. Barclays cut their price objective on shares of Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a report on Friday, October 25th. TD Cowen lifted their price target on Bread Financial from $48.00 to $50.00 and gave the company a "hold" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. upped their price objective on Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. Finally, Evercore ISI lifted their target price on Bread Financial from $52.00 to $54.00 and gave the company 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $50.00.

Bread Financial Trading Up 0.5 %

Shares of BFH traded up $0.33 during mid-day trading on Friday, reaching $62.29. 232,083 shares of the company were exchanged, compared to its average volume of 835,151. The business has a 50 day simple moving average of $53.84 and a two-hundred day simple moving average of $50.06. Bread Financial Holdings, Inc. has a 52 week low of $28.00 and a 52 week high of $63.01. The stock has a market capitalization of $3.10 billion, a PE ratio of 9.87 and a beta of 1.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19.

Bread Financial (NYSE:BFH - Get Free Report) last released its 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). The business had revenue of $983.00 million for the quarter, compared to analyst estimates 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 for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.46 EPS. On average, analysts predict that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently declared 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. This represents a $0.84 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Friday, November 8th. Bread Financial's payout ratio is 13.38%.

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.