Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Neo Ivy Capital Management

Neo Ivy Capital Management lessened its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 48.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,868 shares of the company's stock after selling 33,896 shares during the period. Neo Ivy Capital Management owned approximately 0.07% of Bread Financial worth $1,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock valued at $49,000 after buying an additional 260 shares in the last quarter. CWM LLC increased its stake in shares of Bread Financial by 47.5% during the second quarter. CWM LLC now owns 1,708 shares of the company's stock worth $76,000 after purchasing an additional 550 shares in the last quarter. Point72 DIFC Ltd increased its stake in shares of Bread Financial by 30.0% during the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock worth $77,000 after purchasing an additional 397 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Bread Financial by 70.3% during the second quarter. National Bank of Canada FI now owns 1,938 shares of the company's stock worth $88,000 after purchasing an additional 800 shares in the last quarter. Finally, Headlands Technologies LLC increased its stake in shares of Bread Financial by 164.0% during the second quarter. Headlands Technologies LLC now owns 2,355 shares of the company's stock worth $105,000 after purchasing an additional 1,463 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Insiders Place Their Bets

In related news, Director John J. Fawcett bought 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, 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 $330,252.46. This trade represents a 18.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. The Goldman Sachs Group boosted their price target on shares of Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a research report on Tuesday, November 19th. Barclays lowered their price target on shares of Bread Financial from $35.00 to $34.00 and set an "underweight" rating on the stock in a research 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 on the stock in a research report on Wednesday, September 25th. Finally, TD Cowen boosted their target price 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. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Bread Financial presently has a consensus rating of "Hold" and an average target price of $51.50.

Bread Financial Stock Up 2.6 %

Shares of NYSE:BFH traded up $1.67 during trading hours on Wednesday, reaching $66.00. The stock had a trading volume of 270,205 shares, compared to its average volume of 836,641. Bread Financial Holdings, Inc. has a 1 year low of $28.00 and a 1 year high of $66.14. The firm's 50 day moving average is $54.87 and its 200-day moving average is $50.64. 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 stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 10.24 and a beta of 1.96.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates 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 firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.46 EPS. Research analysts predict that Bread Financial Holdings, Inc. will post 7.49 earnings per share 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. Shareholders of record on Friday, November 8th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial's payout ratio is currently 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.