Principal Financial Group Inc. Decreases Stock Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Principal Financial Group Inc. decreased its stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 234,199 shares of the company's stock after selling 10,401 shares during the quarter. Principal Financial Group Inc. owned 0.47% of Bread Financial worth $11,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DGS Capital Management LLC increased its stake in Bread Financial by 11.8% during the 3rd quarter. DGS Capital Management LLC now owns 10,443 shares of the company's stock worth $497,000 after purchasing an additional 1,102 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Bread Financial during the third quarter worth $810,000. Virtu Financial LLC acquired a new stake in shares of Bread Financial during the third quarter worth $1,004,000. Geode Capital Management LLC raised its holdings in shares of Bread Financial by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company's stock worth $55,012,000 after acquiring an additional 13,459 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in Bread Financial in the 3rd quarter valued at $1,350,000. Institutional investors own 99.52% of the company's stock.

Insider Buying and Selling

In other news, Director John J. Fawcett purchased 1,000 shares of the company's stock in a transaction on Monday, October 28th. The stock was acquired at an average price of $51.02 per share, with a total value of $51,020.00. Following the transaction, the director now directly owns 6,473 shares of the company's stock, valued at approximately $330,252.46. This represents a 18.27 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Bread Financial Stock Performance

Shares of BFH stock traded down $0.53 during trading on Monday, hitting $61.40. The company's stock had a trading volume of 661,623 shares, compared to its average volume of 832,177. Bread Financial Holdings, Inc. has a 52 week low of $28.00 and a 52 week high of $66.71. The company has a market cap of $3.05 billion, a PE ratio of 9.78 and a beta of 1.96. The business has a fifty day moving average of $58.68 and a 200-day moving average of $52.88. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results 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 firm had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. During the same quarter in the previous year, the firm earned $3.46 earnings per share. The business's quarterly revenue was down 4.7% compared to the same quarter last year. As a group, research analysts anticipate that Bread Financial Holdings, Inc. will post 7.5 earnings per share for the current year.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 8th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.37%. Bread Financial's dividend payout ratio is 13.38%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BFH shares. 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. Keefe, Bruyette & Woods increased their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. 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 research report on Wednesday, October 30th. 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, Bank of America lowered their price target on Bread Financial from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Wednesday, September 25th. Two equities research 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's stock. Based on data from MarketBeat, Bread Financial presently has an average rating of "Hold" and a consensus price target of $55.14.

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.