Bread Financial Holdings, Inc. (NYSE:BFH) Stock Position Cut by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC lessened its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 21.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 234,460 shares of the company’s stock after selling 63,330 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.47% of Bread Financial worth $11,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew 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 in the last quarter. American Century Companies Inc. lifted its holdings 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 valued at $51,754,000 after acquiring an additional 212,276 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in Bread Financial by 152.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock valued at $28,772,000 after acquiring an additional 390,413 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Bread Financial in the 3rd quarter valued at about $576,000. Finally, Natixis Advisors LLC acquired a new stake in Bread Financial in the 2nd quarter valued at about $582,000. Institutional investors own 99.52% of the company’s stock.

Insider Buying and Selling

In other news, Director John J. Fawcett acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the acquisition, the director now owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. This represents a 18.27 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BFH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Evercore ISI upped 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 price target on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. The Goldman Sachs Group upped their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note on Tuesday, November 19th. Finally, Barclays reduced their price objective on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.00.

Bread Financial Price Performance

Shares of BFH opened at $61.15 on Wednesday. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 9.74 and a beta of 1.96. Bread Financial Holdings, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $63.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The business’s 50-day moving average is $53.24 and its 200-day moving average is $49.90.

Bread Financial (NYSE:BFH) last issued its earnings results 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). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The business had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. During the same quarter in the prior year, the company earned $3.46 EPS. Bread Financial’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities research analysts expect that Bread Financial Holdings, Inc. will post 7.49 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 dividend on an annualized basis and a yield of 1.37%. Bread Financial’s dividend payout ratio is currently 13.38%.

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.