Fmr LLC Cuts Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

FMR LLC lessened its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 99.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,978 shares of the company's stock after selling 4,749,839 shares during the quarter. FMR LLC's holdings in Bread Financial were worth $189,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System boosted its position in shares of Bread Financial by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company's stock worth $1,110,000 after buying an additional 500 shares during the period. Highland Capital Management LLC acquired a new position in Bread Financial in the 2nd quarter valued at about $245,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Bread Financial by 25.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,671 shares of the company's stock worth $520,000 after purchasing an additional 2,386 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Bread Financial during the second quarter worth about $223,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of Bread Financial in the second quarter valued at approximately $1,049,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 bought at an average cost of $51.02 per share, with a total value of $51,020.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays reduced their target price 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. Bank of America reduced their price objective on Bread Financial from $61.00 to $57.00 and set a "buy" rating on the stock in a research note on Wednesday, September 25th. Keefe, Bruyette & Woods boosted their target price on Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. The Goldman Sachs Group increased their price target on Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a research report on Tuesday, November 19th. Finally, 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 note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $55.14.

Bread Financial Stock Up 2.2 %

Shares of Bread Financial stock traded up $1.34 during trading hours on Friday, hitting $62.76. The company had a trading volume of 1,273,678 shares, compared to its average volume of 841,708. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The company's 50-day moving average is $57.37 and its two-hundred day moving average is $51.94. The company has a market cap of $3.12 billion, a P/E ratio of 9.99 and a beta of 1.96. Bread Financial Holdings, Inc. has a twelve month low of $28.00 and a twelve month high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $981.26 million. During the same quarter in the prior year, the company earned $3.46 EPS. The business's revenue was down 4.7% on a year-over-year basis. Analysts anticipate that Bread Financial Holdings, Inc. will post 7.5 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 8th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.34%. Bread Financial's dividend payout ratio is presently 13.38%.

Bread Financial Company 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.