Mutual of America Capital Management LLC Sells 678 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Mutual of America Capital Management LLC trimmed its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 8.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,472 shares of the company’s stock after selling 678 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Bread Financial were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Bread Financial by 3.8% during the first quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock worth $217,766,000 after purchasing an additional 216,274 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Bread Financial by 9.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 58,539 shares of the company’s stock valued at $2,180,000 after purchasing an additional 4,959 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Bread Financial by 5.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,782 shares of the company’s stock worth $1,259,000 after buying an additional 1,856 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Bread Financial during the 1st quarter valued at $1,546,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Bread Financial by 25.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 13,428 shares of the company’s stock worth $598,000 after acquiring an additional 2,689 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Insider Transactions at Bread Financial

In related news, Director John J. Fawcett purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average cost 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 approximately $330,252.46. This represents a 18.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

BFH has been the topic of a number of research analyst reports. TD Cowen increased their target price on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Evercore ISI increased their price objective on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Bank of America dropped 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. Barclays decreased their price target on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. upped 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. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.00.

Bread Financial Stock Performance

Bread Financial stock opened at $57.95 on Thursday. Bread Financial Holdings, Inc. has a 1-year low of $26.58 and a 1-year high of $63.01. The firm has a market cap of $2.88 billion, a P/E ratio of 9.23 and a beta of 1.94. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average of $52.43 and a 200-day moving average of $49.27.

Bread Financial (NYSE:BFH) last issued 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 business had revenue of $983.00 million during 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%. Bread Financial’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.46 earnings per share. Sell-side analysts expect that Bread Financial Holdings, Inc. will post 7.67 EPS for the current year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be issued a $0.21 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.45%. Bread Financial’s dividend payout ratio (DPR) is presently 13.38%.

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.