Royce & Associates LP Sells 4,132 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Royce & Associates LP cut its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,675 shares of the company’s stock after selling 4,132 shares during the quarter. Royce & Associates LP owned about 0.24% of Bread Financial worth $5,694,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Millennium Management LLC increased its stake in shares of Bread Financial by 81.6% during the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock worth $65,245,000 after purchasing an additional 657,968 shares during the period. Point72 Asset Management L.P. increased its position in Bread Financial by 152.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock worth $28,772,000 after buying an additional 390,413 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Bread Financial by 86.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 485,113 shares of the company’s stock worth $18,066,000 after buying an additional 224,545 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Bread Financial by 3.8% in the first quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock valued at $217,766,000 after acquiring an additional 216,274 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of 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 in the last quarter. Institutional investors own 99.52% of the company’s stock.

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett acquired 1,000 shares of Bread Financial stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average price of $51.02 per share, with a total value of $51,020.00. Following the completion of the purchase, the director now directly owns 6,473 shares in the company, valued at $330,252.46. This trade represents a 18.27 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.62% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BFH has been the subject of several analyst reports. Barclays dropped their price objective on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Compass Point raised their price objective on Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Evercore ISI upped 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. Finally, The Goldman Sachs Group boosted their price target on Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $49.64.

Bread Financial Price Performance

BFH stock opened at $57.67 on Tuesday. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 9.18 and a beta of 1.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The company has a 50 day simple moving average of $51.25 and a 200 day simple moving average of $48.41. Bread Financial Holdings, Inc. has a 1 year low of $26.58 and a 1 year high of $63.01.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates 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 revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.46 earnings per share. Research analysts anticipate that Bread Financial Holdings, Inc. will post 7.63 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. Stockholders of record on Friday, November 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.46%. The ex-dividend date 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.