Bread Financial Holdings, Inc. (NYSE:BFH) Position Cut by Point72 Asset Management L.P.

Point72 Asset Management L.P. lowered its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 89.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,035 shares of the company's stock after selling 574,654 shares during the period. Point72 Asset Management L.P. owned 0.14% of Bread Financial worth $3,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BFH. Dimensional Fund Advisors LP boosted its holdings in Bread Financial by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company's stock valued at $141,386,000 after acquiring an additional 70,092 shares during the last quarter. Millennium Management LLC boosted its holdings in Bread Financial by 81.6% in the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company's stock valued at $65,245,000 after acquiring an additional 657,968 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Bread Financial by 6.1% in the second quarter. Victory Capital Management Inc. now owns 1,249,669 shares of the company's stock valued at $55,685,000 after acquiring an additional 71,777 shares during the last quarter. American Century Companies Inc. boosted its holdings in Bread Financial by 22.4% in the second quarter. American Century Companies Inc. now owns 1,161,443 shares of the company's stock valued at $51,754,000 after acquiring an additional 212,276 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Bread Financial by 30.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company's stock valued at $53,353,000 after acquiring an additional 260,283 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Insider Activity at Bread Financial

In related news, Director John J. Fawcett bought 1,000 shares of the stock in a transaction dated Monday, October 28th. The stock was bought at an average cost of $51.02 per share, with a total value of $51,020.00. Following the completion of the acquisition, the director now owns 6,473 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on BFH. Evercore ISI lifted their target price on Bread Financial from $52.00 to $54.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. TD Cowen boosted their price objective on Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. 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. The Goldman Sachs Group boosted their price objective on Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a research note on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods boosted their price objective on Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a research note on Monday. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $51.50.

Bread Financial Stock Up 2.4 %

Bread Financial stock traded up $1.52 during midday trading on Monday, hitting $64.71. The stock had a trading volume of 933,798 shares, compared to its average volume of 836,678. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock has a market cap of $3.22 billion, a P/E ratio of 10.20 and a beta of 1.96. Bread Financial Holdings, Inc. has a 12 month low of $28.00 and a 12 month high of $65.24. The business has a fifty day moving average price of $54.17 and a 200 day moving average price of $50.32.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.03). The firm had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The firm's quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.46 earnings per share. Research analysts predict that Bread Financial Holdings, Inc. will post 7.49 EPS for the current year.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial's dividend 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.