DGS Capital Management LLC cut its stake in Bread Financial Holdings, Inc. (NYSE:BFH – Free Report) by 22.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,102 shares of the company’s stock after selling 2,341 shares during the period. DGS Capital Management LLC’s holdings in Bread Financial were worth $495,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its stake in shares of Bread Financial by 3.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 84,876 shares of the company’s stock valued at $5,183,000 after buying an additional 2,995 shares during the period. Janney Montgomery Scott LLC raised its holdings in Bread Financial by 15.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,651 shares of the company’s stock valued at $1,322,000 after acquiring an additional 2,944 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Bread Financial in the fourth quarter worth approximately $213,000. Hennessy Advisors Inc. acquired a new position in Bread Financial during the 4th quarter worth approximately $3,480,000. Finally, Range Financial Group LLC purchased a new stake in shares of Bread Financial in the 4th quarter valued at approximately $406,000. 99.52% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director John J. Fawcett acquired 1,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were bought 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 of the company’s stock, valued at $330,252.46. This represents a 18.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.62% of the company’s stock.
Bread Financial Price Performance
Bread Financial (NYSE:BFH – Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.46 earnings per share. On average, analysts predict that Bread Financial Holdings, Inc. will post 7.64 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on BFH shares. Evercore ISI lifted their price objective on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Compass Point increased their price objective on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Barclays decreased their target price on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday, October 25th. Finally, Morgan Stanley upgraded shares of Bread Financial from an “underweight” rating to an “overweight” rating and increased their price target for the company from $35.00 to $76.00 in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $57.07.
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.
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