Thrivent Financial for Lutherans Sells 8,404,151 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Thrivent Financial for Lutherans lowered its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 99.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,011 shares of the company’s stock after selling 8,404,151 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Bread Financial worth $1,856,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BFH. Public Employees Retirement System of Ohio bought a new position in shares of Bread Financial in the first quarter worth about $1,546,000. Dimensional Fund Advisors LP boosted its position in Bread Financial by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company’s stock valued at $141,386,000 after buying an additional 70,092 shares during the period. American Century Companies Inc. grew its stake in Bread Financial by 22.4% in the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock worth $51,754,000 after acquiring an additional 212,276 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Bread Financial by 152.9% during the second quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock worth $28,772,000 after acquiring an additional 390,413 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Bread Financial during the third quarter valued at approximately $576,000. Institutional investors own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. TD Cowen increased their price objective on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Bank of America cut their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Evercore ISI upped 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 note on Wednesday, October 30th. The Goldman Sachs Group increased their target price on shares of Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Finally, Barclays lowered their price target on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, October 25th. Three investment 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. Based on data from MarketBeat.com, Bread Financial has an average rating of “Hold” and a consensus price target of $50.00.

Bread Financial Stock Down 1.1 %

BFH stock opened at $57.95 on Friday. The company has a market capitalization of $2.88 billion, a P/E ratio of 9.23 and a beta of 1.94. Bread Financial Holdings, Inc. has a 12 month low of $26.58 and a 12 month high of $63.01. The firm’s fifty day simple moving average is $52.64 and its 200-day simple moving average is $49.39. 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 (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 analysts’ expectations of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. Bread Financial’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.46 earnings per share. As a group, equities research analysts forecast that Bread Financial Holdings, Inc. will post 7.67 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. Investors of record on Friday, November 8th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, November 8th. Bread Financial’s dividend payout ratio is currently 13.38%.

Insider Buying and Selling at Bread Financial

In other news, Director John J. Fawcett bought 1,000 shares of the stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the purchase, the director now directly owns 6,473 shares in the company, valued at $330,252.46. The trade was a 18.27 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

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.