Wellington Management Group LLP Sells 3,934,051 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Wellington Management Group LLP decreased its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 65.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,112,725 shares of the company's stock after selling 3,934,051 shares during the quarter. Wellington Management Group LLP owned 4.25% of Bread Financial worth $100,523,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position 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 valued at $49,000 after acquiring an additional 260 shares in the last quarter. CWM LLC boosted its holdings in Bread Financial by 47.5% during the second quarter. CWM LLC now owns 1,708 shares of the company's stock valued at $76,000 after purchasing an additional 550 shares in the last quarter. Point72 DIFC Ltd grew its stake in shares of Bread Financial by 30.0% in the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock valued at $77,000 after purchasing an additional 397 shares during the period. National Bank of Canada FI raised its holdings in shares of Bread Financial by 70.3% in the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company's stock worth $88,000 after buying an additional 800 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of 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 buying an additional 1,463 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Trading Down 0.2 %

Bread Financial stock traded down $0.11 during mid-day trading on Tuesday, hitting $64.33. The stock had a trading volume of 922,819 shares, compared to its average volume of 839,129. The stock has a market capitalization of $3.20 billion, a PE ratio of 10.26 and a beta of 1.96. Bread Financial Holdings, Inc. has a 12 month low of $28.00 and a 12 month high of $65.27. 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 50-day simple moving average of $54.51 and a two-hundred day simple moving average of $50.49.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly 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 net margin of 6.37% and a return on equity of 13.33%. The company had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. During the same period last year, the company earned $3.46 EPS. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Bread Financial Holdings, Inc. will post 7.49 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial's payout ratio is presently 13.38%.

Insiders Place Their Bets

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the purchase, the director now owns 6,473 shares in the company, valued at $330,252.46. This trade represents a 18.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.62% of the company's stock.

Analyst Upgrades and Downgrades

BFH has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased 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. JPMorgan Chase & Co. increased their target price on shares of Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. Barclays reduced their price target on shares of Bread Financial from $35.00 to $34.00 and set an "underweight" rating on the stock in a research report on Friday, October 25th. Bank of America dropped their price objective on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a report on Wednesday, September 25th. Finally, Evercore ISI increased their price target on Bread Financial from $52.00 to $54.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Bread Financial presently has an average rating of "Hold" and a consensus price target 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.