Empowered Funds LLC Has $10.39 Million Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Empowered Funds LLC boosted its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 5.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 218,284 shares of the company’s stock after purchasing an additional 12,243 shares during the period. Empowered Funds LLC owned 0.44% of Bread Financial worth $10,386,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Bread Financial in the 1st quarter valued at approximately $33,000. GAMMA Investing LLC lifted its stake in Bread Financial by 33.5% in 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 last quarter. CWM LLC increased its stake in shares of Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after purchasing an additional 550 shares during the last quarter. Point72 DIFC Ltd raised its holdings in shares of Bread Financial by 30.0% in the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after purchasing an additional 397 shares during the period. Finally, National Bank of Canada FI lifted its stake 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 valued at $88,000 after purchasing an additional 800 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Stock Up 3.2 %

BFH stock opened at $58.50 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 52 week low of $26.27 and a 52 week high of $63.01. The company has a market cap of $2.91 billion, a PE ratio of 9.32 and a beta of 1.94. The business has a 50-day simple moving average of $51.19 and a 200 day simple moving average of $48.12.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) 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 firm had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. During the same period last year, the business earned $3.46 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. Sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 7.63 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.44%. Bread Financial’s dividend payout ratio is currently 13.38%.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett bought 1,000 shares of the business’s stock in a transaction 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 transaction, the director now directly 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BFH. Royal Bank of Canada upped their price objective 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. JPMorgan Chase & Co. raised their price target on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Bank of America dropped their price objective on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Evercore ISI lifted their target price on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Barclays lowered their price target on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $49.64.

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.