Thrivent Financial for Lutherans Sells 8,404,151 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Thrivent Financial for Lutherans lessened its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 99.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,011 shares of the company's stock after selling 8,404,151 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Bread Financial worth $1,856,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 260 shares during the last quarter. CWM LLC boosted its position 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 acquiring an additional 550 shares during the last quarter. Point72 DIFC Ltd boosted 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 worth $77,000 after acquiring an additional 397 shares during the last quarter. National Bank of Canada FI boosted its position in 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. Finally, Headlands Technologies LLC boosted its position in 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 acquiring an additional 1,463 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of the firm's stock in a transaction on Monday, October 28th. The shares were purchased at an average price 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 in the company, valued at approximately $330,252.46. The trade was a 18.27 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.62% of the stock is owned by insiders.

Bread Financial Stock Performance

Shares of BFH traded up $0.88 during midday trading on Friday, reaching $58.83. 252,373 shares of the stock were exchanged, compared to its average volume of 842,706. Bread Financial Holdings, Inc. has a twelve month low of $27.44 and a twelve month high of $63.01. 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 company has a market cap of $2.93 billion, a P/E ratio of 9.23 and a beta of 1.94. The stock's 50 day simple moving average is $52.64 and its 200 day simple moving average is $49.39.

Bread Financial (NYSE:BFH - Get Free Report) last posted its 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). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The firm had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. During the same period in the prior year, the business posted $3.46 EPS. The firm's quarterly revenue was down 4.7% compared to the same quarter last year. On average, sell-side analysts expect that Bread Financial Holdings, Inc. will post 7.67 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, November 8th. Bread Financial's dividend payout ratio (DPR) is presently 13.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BFH shares. TD Cowen upped their price target on Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Barclays cut 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. JPMorgan Chase & Co. increased 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. Bank of America cut their price objective on Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group increased their price objective on Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a report on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $50.00.

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.