Empowered Funds LLC Has $10.39 Million Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Empowered Funds LLC increased its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 5.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 218,284 shares of the company's stock after buying an additional 12,243 shares during the quarter. Empowered Funds LLC owned 0.44% of Bread Financial worth $10,386,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Bread Financial by 93.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,300 shares of the company's stock valued at $272,000 after purchasing an additional 3,529 shares during the last quarter. SG Americas Securities LLC bought a new stake in Bread Financial during the 1st quarter worth about $152,000. Sei Investments Co. boosted its stake in shares of Bread Financial by 58.5% during the 1st quarter. Sei Investments Co. now owns 84,317 shares of the company's stock worth $3,140,000 after buying an additional 31,122 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Bread Financial in the 1st quarter valued at about $33,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Bread Financial by 3.4% in the 1st quarter. Russell Investments Group Ltd. now owns 22,087 shares of the company's stock valued at $823,000 after acquiring an additional 722 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Wall Street Analysts Forecast Growth

BFH has been the subject of several recent research reports. The Goldman Sachs Group increased their price target on Bread Financial from $40.00 to $53.00 and gave the company a "sell" rating in a research report on Monday, July 29th. TD Cowen raised their target price on shares of Bread Financial from $48.00 to $50.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Compass Point boosted their target price on shares of Bread Financial from $54.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, July 26th. JPMorgan Chase & Co. increased their price target on shares of Bread Financial from $48.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. Finally, Evercore ISI boosted 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 note on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Bread Financial presently has a consensus rating of "Hold" and a consensus price target of $49.64.

Bread Financial Stock Performance

NYSE:BFH traded up $1.80 during mid-day trading on Friday, hitting $58.50. 666,631 shares of the stock were exchanged, compared to its average volume of 853,227. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The firm's 50-day simple moving average is $51.25 and its 200 day simple moving average is $48.26. Bread Financial Holdings, Inc. has a fifty-two week low of $26.27 and a fifty-two week high of $63.01. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 9.32 and a beta of 1.94.

Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results 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 business had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. During the same period in the previous year, the firm posted $3.46 EPS. The company's revenue was down 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Bread Financial Holdings, Inc. will post 7.63 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.44%. Bread Financial's dividend payout ratio is presently 13.38%.

Insider Activity

In related news, Director John J. Fawcett purchased 1,000 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the transaction, the director now owns 6,473 shares of the company's stock, valued at approximately $330,252.46. This trade represents a 18.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.62% of the stock is 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.