Kize Capital LP Sells 40,000 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Kize Capital LP reduced its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 45.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 48,182 shares of the company's stock after selling 40,000 shares during the period. Bread Financial comprises 2.7% of Kize Capital LP's portfolio, making the stock its 7th biggest position. Kize Capital LP owned about 0.10% of Bread Financial worth $2,292,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in Bread Financial by 33.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock worth $49,000 after acquiring an additional 260 shares in the last quarter. CWM LLC increased its holdings in Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company's stock worth $76,000 after purchasing an additional 550 shares during the period. Point72 DIFC Ltd raised its position in Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock valued at $77,000 after purchasing an additional 397 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Bread Financial by 70.3% in the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company's stock worth $88,000 after buying an additional 800 shares during the period. Finally, Headlands Technologies LLC grew its position in shares of Bread Financial by 164.0% during the 2nd quarter. Headlands Technologies LLC now owns 2,355 shares of the company's stock worth $105,000 after buying an additional 1,463 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BFH. Barclays decreased their price objective on Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a report on Friday, October 25th. Bank of America lowered their price target on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. TD Cowen lifted their price objective 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. 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. Finally, The Goldman Sachs Group increased their target price on Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Bread Financial presently has a consensus rating of "Hold" and an average price target of $50.00.

Bread Financial Stock Down 1.1 %

Shares of BFH traded down $0.62 during mid-day trading on Wednesday, hitting $57.95. 412,551 shares of the company traded hands, compared to its average volume of 845,273. The company has a market capitalization of $2.88 billion, a PE ratio of 9.33 and a beta of 1.94. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average of $52.43 and a 200 day moving average of $49.27. 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 posted its quarterly 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). The company 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 quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.46 EPS. Equities research analysts anticipate that Bread Financial Holdings, Inc. will post 7.67 EPS for the current year.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.45%. Bread Financial's payout ratio is presently 13.38%.

Insider Activity

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the transaction, the director now directly 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 filing with the SEC, which is accessible through the SEC website. Corporate 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.