Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 1.2% in the third quarter, Holdings Channel reports. The firm owned 26,912 shares of the company’s stock after selling 340 shares during the period. The Manufacturers Life Insurance Company’s holdings in Bread Financial were worth $1,280,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BFH. GAMMA Investing LLC increased its position in shares of Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after acquiring an additional 260 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in Bread Financial by 6.2% in the 3rd quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock valued at $239,000 after purchasing an additional 278 shares in the last quarter. Arizona State Retirement System raised its position in Bread Financial by 2.1% in the second quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock valued at $617,000 after purchasing an additional 279 shares during the period. Natixis Advisors LLC lifted its stake in shares of Bread Financial by 2.8% during the third quarter. Natixis Advisors LLC now owns 13,421 shares of the company’s stock worth $639,000 after purchasing an additional 369 shares in the last quarter. Finally, Point72 DIFC Ltd boosted its position in shares of Bread Financial by 30.0% in the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after buying an additional 397 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Performance

Bread Financial stock opened at $66.32 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. Bread Financial Holdings, Inc. has a 12 month low of $28.00 and a 12 month high of $66.56. The company has a fifty day moving average price of $55.26 and a two-hundred day moving average price of $50.75. The company has a market cap of $3.30 billion, a PE ratio of 10.56 and a beta of 1.96.

Bread Financial (NYSE:BFH) last posted 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 during the quarter, compared to analyst estimates of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm posted $3.46 earnings per share. Research analysts expect that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, November 8th. Bread Financial’s payout ratio is 13.38%.

Wall Street Analysts Forecast Growth

BFH has been the topic of several analyst reports. Bank of America dropped their target price on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. The Goldman Sachs Group boosted their target price on shares of Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods raised their price target on shares of Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a report on Monday. Barclays cut their price objective on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a report on Friday, October 25th. Finally, Evercore ISI raised their target price on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.50.

Insider Buying and Selling

In other news, Director John J. Fawcett acquired 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 acquisition, the director now directly owns 6,473 shares in the company, valued at approximately $330,252.46. The trade was a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.62% of the company’s stock.

Bread Financial 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.