Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Pacifica Capital Investments LLC

Pacifica Capital Investments LLC trimmed its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 17.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,585 shares of the company’s stock after selling 19,079 shares during the period. Bread Financial makes up about 1.0% of Pacifica Capital Investments LLC’s portfolio, making the stock its 11th largest holding. Pacifica Capital Investments LLC owned 0.18% of Bread Financial worth $3,299,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BFH. Denali Advisors LLC lifted its position in shares of Bread Financial by 46.8% during the 4th quarter. Denali Advisors LLC now owns 153,402 shares of the company’s stock valued at $5,053,000 after acquiring an additional 48,900 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Bread Financial by 14.0% during the 4th quarter. Pzena Investment Management LLC now owns 807,557 shares of the company’s stock valued at $26,601,000 after acquiring an additional 99,029 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Bread Financial by 10.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 528,003 shares of the company’s stock valued at $17,392,000 after acquiring an additional 50,474 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Bread Financial by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock valued at $22,140,000 after acquiring an additional 37,005 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Bread Financial by 7.8% during the 4th quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock valued at $69,413,000 after acquiring an additional 152,954 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Stock Up 0.3 %

Shares of NYSE BFH traded up $0.15 during mid-day trading on Wednesday, reaching $46.19. The company had a trading volume of 813,515 shares, compared to its average volume of 789,872. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $2.29 billion, a PE ratio of 5.82, a price-to-earnings-growth ratio of 0.20 and a beta of 1.98. Bread Financial Holdings, Inc. has a twelve month low of $26.08 and a twelve month high of $46.46. The stock’s 50 day moving average is $42.06 and its 200-day moving average is $37.68.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.19). The business had revenue of $991.00 million for the quarter, compared to analyst estimates of $998.96 million. Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The company’s quarterly revenue was down 23.1% compared to the same quarter last year. During the same period in the previous year, the company earned $9.08 earnings per share. As a group, equities analysts anticipate that Bread Financial Holdings, Inc. will post 5.64 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 10th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.82%. The ex-dividend date was Thursday, May 9th. Bread Financial’s payout ratio is 10.58%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BFH. Wolfe Research upgraded Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a report on Thursday, April 4th. BMO Capital Markets increased their target price on Bread Financial from $31.00 to $33.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $67.00 target price on shares of Bread Financial in a report on Monday, June 17th. BTIG Research began coverage on Bread Financial in a report on Friday, June 7th. They issued a “neutral” rating for the company. Finally, Royal Bank of Canada increased their target price on Bread Financial from $38.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, June 20th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $41.69.

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.