Inspire Investing LLC Decreases Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Inspire Investing LLC reduced its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 25.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,807 shares of the company’s stock after selling 6,184 shares during the quarter. Inspire Investing LLC’s holdings in Bread Financial were worth $793,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Bread Financial by 5.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock valued at $22,140,000 after purchasing an additional 37,005 shares during the period. Norges Bank acquired a new position in Bread Financial in the 4th quarter worth $14,365,000. Trexquant Investment LP boosted its position in Bread Financial by 222.9% in the 4th quarter. Trexquant Investment LP now owns 24,853 shares of the company’s stock valued at $819,000 after buying an additional 17,156 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Bread Financial during the fourth quarter valued at about $145,000. Finally, Assetmark Inc. increased its position in shares of Bread Financial by 1,064,362.5% during the fourth quarter. Assetmark Inc. now owns 85,157 shares of the company’s stock worth $2,805,000 after acquiring an additional 85,149 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Price Performance

Shares of BFH opened at $52.47 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $2.60 billion, a P/E ratio of 6.61, a PEG ratio of 0.16 and a beta of 1.95. Bread Financial Holdings, Inc. has a 12 month low of $26.08 and a 12 month high of $59.66. The stock has a fifty day moving average price of $52.38 and a 200 day moving average price of $44.06.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $1.06. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The business had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $922.01 million. During the same quarter last year, the company earned $1.27 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, research analysts forecast that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Friday, August 9th. Bread Financial’s dividend payout ratio (DPR) is 10.58%.

Analyst Ratings Changes

A number of brokerages recently commented on BFH. Compass Point increased their price target on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Royal Bank of Canada increased their target price on Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. JMP Securities restated a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th. JPMorgan Chase & Co. increased their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Finally, Evercore ISI raised shares of Bread Financial from an “underperform” rating to an “in-line” rating and boosted their target price for the stock from $42.00 to $45.00 in a research report on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.