Courant Investment Management LLC Has $2.95 Million Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Courant Investment Management LLC lowered its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 13.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,000 shares of the company's stock after selling 10,000 shares during the period. Bread Financial accounts for 2.5% of Courant Investment Management LLC's holdings, making the stock its 8th biggest position. Courant Investment Management LLC owned about 0.13% of Bread Financial worth $2,950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in shares of Bread Financial during the 1st quarter worth approximately $33,000. GAMMA Investing LLC increased its holdings in shares of Bread Financial by 33.5% during 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 during the last quarter. CWM LLC increased its holdings in shares of 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 acquiring an additional 550 shares during the last quarter. Point72 DIFC Ltd increased its holdings in shares of Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock worth $77,000 after acquiring an additional 397 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Bread Financial by 70.3% during the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company's stock worth $88,000 after acquiring an additional 800 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

Bread Financial Price Performance

Shares of BFH stock traded up $0.65 on Tuesday, hitting $50.69. 502,306 shares of the company's stock were exchanged, compared to its average volume of 855,293. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. Bread Financial Holdings, Inc. has a 12 month low of $26.08 and a 12 month high of $59.66. The stock has a market cap of $2.51 billion, a P/E ratio of 6.38, a price-to-earnings-growth ratio of 0.17 and a beta of 1.94. The company has a 50 day moving average of $51.85 and a 200 day moving average of $46.01.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.60 by $1.06. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business had revenue of $939.00 million during the quarter, compared to the consensus estimate of $922.01 million. During the same period in the prior year, the company earned $1.27 EPS. Bread Financial's revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts predict that Bread Financial Holdings, Inc. will post 7.44 EPS for the current year.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were given a dividend of $0.21 per share. The ex-dividend date was Friday, August 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.66%. Bread Financial's dividend payout ratio is currently 10.58%.

Analyst Ratings Changes

BFH has been the topic of a number of recent analyst reports. Barclays decreased their target price on Bread Financial from $37.00 to $35.00 and set an "underweight" rating on the stock in a report on Tuesday, October 8th. Royal Bank of Canada upped their price objective on Bread Financial from $47.00 to $58.00 and gave the company a "sector perform" rating in a report on Friday, July 26th. Evercore ISI decreased their price objective on Bread Financial from $59.00 to $52.00 and set an "in-line" rating on the stock in a report on Monday, October 7th. Compass Point upped their price objective on Bread Financial from $54.00 to $60.00 and gave the company a "buy" rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. upped their price objective on Bread Financial from $48.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Bread Financial presently has a consensus rating of "Hold" and an average price target of $50.07.

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.