Bread Financial Holdings, Inc. (NYSE:BFH) Holdings Cut by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,905 shares of the company’s stock after selling 776 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Bread Financial were worth $623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BFH. Steward Partners Investment Advisory LLC increased its stake in shares of Bread Financial by 42.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,011 shares of the company’s stock worth $38,000 after purchasing an additional 300 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Bread Financial by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,161 shares of the company’s stock valued at $633,000 after purchasing an additional 350 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Bread Financial by 169.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 842 shares of the company’s stock valued at $31,000 after purchasing an additional 530 shares in the last quarter. Credit Suisse AG raised its holdings in shares of Bread Financial by 1.4% during the 4th quarter. Credit Suisse AG now owns 44,220 shares of the company’s stock valued at $1,665,000 after purchasing an additional 621 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Bread Financial by 25.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,168 shares of the company’s stock valued at $108,000 after purchasing an additional 633 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Performance

NYSE:BFH opened at $33.54 on Wednesday. The firm’s 50-day moving average is $36.79 and its 200-day moving average is $32.88. Bread Financial Holdings, Inc. has a 52-week low of $23.19 and a 52-week high of $41.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 2.34, a PEG ratio of 0.12 and a beta of 1.93.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.67) by $1.57. Bread Financial had a net margin of 13.87% and a return on equity of 26.24%. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $984.36 million. During the same quarter in the previous year, the firm posted ($2.68) EPS. The business’s revenue was down 3.2% compared to the same quarter last year. Equities research analysts anticipate that Bread Financial Holdings, Inc. will post 7.03 earnings per share for the current year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 9th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.84 annualized dividend and a dividend yield of 2.50%. Bread Financial’s payout ratio is 5.87%.

Insider Transactions at Bread Financial

In other news, major shareholder Turtle Creek Asset Management sold 30,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $30.88, for a total transaction of $926,400.00. Following the transaction, the insider now owns 302,973 shares in the company, valued at approximately $9,355,806.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 165,000 shares of company stock worth $5,417,850. 0.62% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BFH has been the topic of a number of recent research reports. Barclays cut their price target on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a report on Tuesday, April 9th. Oppenheimer upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a report on Friday, January 26th. Evercore ISI downgraded shares of Bread Financial from an “in-line” rating to an “underperform” rating and raised their price target for the company from $29.00 to $33.00 in a report on Wednesday, January 3rd. BMO Capital Markets dropped their target price on shares of Bread Financial from $33.00 to $32.00 and set a “market perform” rating on the stock in a report on Monday, January 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $36.55.

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.