UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 832,890 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 86.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,775 shares of the company's stock after selling 832,890 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of Bread Financial worth $5,984,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Bread Financial by 33.5% during the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock valued at $49,000 after purchasing an additional 260 shares during the period. CWM LLC increased its stake in Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company's stock valued at $76,000 after buying an additional 550 shares during the period. Point72 DIFC Ltd raised its position 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 buying 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 valued at $88,000 after acquiring an additional 800 shares during the period. Finally, Headlands Technologies LLC boosted its stake in Bread Financial by 164.0% during the 2nd quarter. Headlands Technologies LLC now owns 2,355 shares of the company's stock valued at $105,000 after purchasing an additional 1,463 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Stock Up 3.1 %

Shares of NYSE BFH traded up $1.99 during trading hours on Wednesday, hitting $66.32. The stock had a trading volume of 995,042 shares, compared to its average volume of 839,781. The firm's 50-day moving average price is $55.26 and its two-hundred day moving average price is $50.75. Bread Financial Holdings, Inc. has a 52 week low of $28.00 and a 52 week high of $66.56. The company has a market capitalization of $3.30 billion, a P/E ratio of 10.56 and a beta of 1.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate 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 business's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.46 EPS. Analysts anticipate that Bread Financial Holdings, Inc. will post 7.49 EPS for the current fiscal 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 dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial's dividend payout ratio is currently 13.38%.

Insider Buying and Selling

In related news, Director John J. Fawcett bought 1,000 shares of the company's stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average price of $51.02 per share, with a total value of $51,020.00. Following the completion of the transaction, the director now owns 6,473 shares of the company's stock, valued at $330,252.46. The trade was a 18.27 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays lowered their target price on Bread Financial from $35.00 to $34.00 and set an "underweight" rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. Bank of America decreased their price target on Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Evercore ISI upped their price objective on shares of Bread Financial from $52.00 to $54.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $51.50.

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.