Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Empowered Funds LLC

Empowered Funds LLC lowered its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,085 shares of the company’s stock after selling 13,199 shares during the quarter. Empowered Funds LLC owned 0.41% of Bread Financial worth $12,522,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. increased its position in shares of Bread Financial by 30.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company’s stock worth $53,353,000 after purchasing an additional 260,283 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Bread Financial by 38.2% in the 3rd quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock worth $41,910,000 after purchasing an additional 243,419 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Bread Financial in the 3rd quarter worth about $6,001,000. Point72 Hong Kong Ltd bought a new stake in shares of Bread Financial in the 3rd quarter worth about $4,276,000. Finally, Intech Investment Management LLC bought a new stake in shares of Bread Financial in the 3rd quarter worth about $3,550,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BFH. Barclays boosted their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. TD Cowen upped their target price on shares of Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Morgan Stanley upgraded shares of Bread Financial from an “underweight” rating to an “overweight” rating and upped their target price for the stock from $35.00 to $76.00 in a research report on Thursday, December 19th. Royal Bank of Canada upped their target price on shares of Bread Financial from $62.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $59.69.

Bread Financial Stock Down 1.3 %

BFH stock opened at $61.93 on Friday. Bread Financial Holdings, Inc. has a 52-week low of $32.10 and a 52-week high of $66.71. The company’s 50 day simple moving average is $62.29 and its 200-day simple moving average is $56.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.19. The firm has a market capitalization of $3.08 billion, a P/E ratio of 11.16, a P/E/G ratio of 1.34 and a beta of 1.93.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. As a group, equities research analysts anticipate that Bread Financial Holdings, Inc. will post 6.63 EPS for the current year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.84 annualized dividend and a yield of 1.36%. Bread Financial’s dividend payout ratio is presently 15.14%.

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.