Royce & Associates LP Has $5.69 Million Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Royce & Associates LP lowered its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 3.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 119,675 shares of the company’s stock after selling 4,132 shares during the period. Royce & Associates LP’s holdings in Bread Financial were worth $5,694,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Bread Financial in the 1st quarter valued at about $152,000. Sei Investments Co. boosted its holdings in shares of Bread Financial by 58.5% during the 1st quarter. Sei Investments Co. now owns 84,317 shares of the company’s stock worth $3,140,000 after buying an additional 31,122 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Bread Financial by 3.4% during the 1st quarter. Russell Investments Group Ltd. now owns 22,087 shares of the company’s stock worth $823,000 after buying an additional 722 shares during the period. ProShare Advisors LLC grew its position in shares of Bread Financial by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 10,011 shares of the company’s stock worth $373,000 after buying an additional 688 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Bread Financial by 21.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 26,966 shares of the company’s stock valued at $987,000 after acquiring an additional 4,692 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Bread Financial Stock Performance

Shares of Bread Financial stock opened at $57.67 on Tuesday. The business’s fifty day simple moving average is $51.25 and its 200 day simple moving average is $48.41. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 12 month low of $26.58 and a 12 month high of $63.01. The firm has a market capitalization of $2.87 billion, a P/E ratio of 9.18 and a beta of 1.94.

Bread Financial (NYSE:BFH) last released its 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 business had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.46 earnings per share. As a group, analysts anticipate that Bread Financial Holdings, Inc. will post 7.63 EPS for the current year.

Bread Financial Announces Dividend

The business also recently announced 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 1.46%. The ex-dividend date is Friday, November 8th. Bread Financial’s dividend payout ratio is currently 13.38%.

Analysts Set New Price Targets

A number of equities research analysts have commented on BFH shares. Evercore ISI raised their price target on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Barclays decreased their price objective on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, October 25th. TD Cowen increased their target price on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Compass Point raised their price objective on shares of Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Bread Financial has an average rating of “Hold” and a consensus price target of $49.64.

Insider Transactions at Bread Financial

In other news, Director John J. Fawcett acquired 1,000 shares of Bread Financial stock in a transaction on Monday, October 28th. The stock was acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the completion of the acquisition, the director now owns 6,473 shares in the company, valued at approximately $330,252.46. This trade represents a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is currently owned by company insiders.

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.