Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 79.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 262,881 shares of the company’s stock after selling 1,011,062 shares during the quarter. Bank of Montreal Can owned about 0.53% of Bread Financial worth $12,284,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Bread Financial by 33.5% during the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after acquiring an additional 260 shares during the period. CWM LLC lifted its position in shares of Bread Financial by 47.5% in the second quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after purchasing an additional 550 shares in the last quarter. Point72 DIFC Ltd increased its stake 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 acquiring an additional 397 shares during the last quarter. National Bank of Canada FI increased its position in Bread Financial by 70.3% in the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after purchasing an additional 800 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in Bread Financial by 164.0% during the second quarter. Headlands Technologies LLC now owns 2,355 shares of the company’s stock valued at $105,000 after acquiring an additional 1,463 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Bread Financial

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average price of $51.02 per share, with a total value of $51,020.00. Following the completion of the purchase, the director now directly owns 6,473 shares in the company, valued at $330,252.46. This trade represents a 18.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Bread Financial Stock Up 1.5 %

Shares of NYSE BFH opened at $58.83 on Monday. Bread Financial Holdings, Inc. has a 12 month low of $27.44 and a 12 month high of $63.01. The firm has a market capitalization of $2.93 billion, a PE ratio of 9.37 and a beta of 1.94. The firm has a fifty day simple moving average of $52.77 and a two-hundred day simple moving average of $49.62. 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 (NYSE:BFH) last issued its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The firm had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $981.26 million. During the same period last year, the firm posted $3.46 earnings per share. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. Equities 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 disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.43%. Bread Financial’s dividend payout ratio (DPR) is presently 13.38%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BFH. The Goldman Sachs Group lifted their price target on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research report on Tuesday, November 19th. TD Cowen raised their target price on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Evercore ISI boosted their price target on shares of Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Bank of America cut their target price on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.00.

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.