Innealta Capital LLC Has $222,000 Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

Innealta Capital LLC cut its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFHFree Report) by 6.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,665 shares of the company’s stock after selling 338 shares during the period. Innealta Capital LLC’s holdings in Bread Financial were worth $222,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BFH. Jennison Associates LLC purchased a new stake in shares of Bread Financial during the first quarter worth $631,000. GSA Capital Partners LLP acquired a new position in Bread Financial in the first quarter worth approximately $623,000. Public Employees Retirement System of Ohio bought a new position in Bread Financial during the first quarter valued at approximately $1,546,000. UniSuper Management Pty Ltd acquired a new stake in Bread Financial in the first quarter valued at approximately $383,000. Finally, Sei Investments Co. lifted its stake in Bread Financial by 58.5% in the first quarter. Sei Investments Co. now owns 84,317 shares of the company’s stock valued at $3,140,000 after acquiring an additional 31,122 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Price Performance

NYSE:BFH opened at $50.75 on Monday. The company has a market cap of $2.52 billion, a P/E ratio of 8.08, a P/E/G ratio of 0.17 and a beta of 1.94. The firm’s fifty day moving average price is $51.19 and its two-hundred day moving average price is $46.90. Bread Financial Holdings, Inc. has a one year low of $26.27 and a one year high of $59.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.17 and a quick ratio of 1.19.

Bread Financial (NYSE:BFHGet Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.03). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The company had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. During the same period in the prior year, the company earned $3.46 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. Equities analysts expect that Bread Financial Holdings, Inc. will post 7.59 earnings per share for the current year.

Bread Financial Announces Dividend

The company 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. This represents a $0.84 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial’s dividend payout ratio is 13.38%.

Insiders Place Their Bets

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the completion of the transaction, the director now owns 6,473 shares in the company, valued at $330,252.46. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. TD Cowen raised their target price on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a report on Monday, October 28th. JPMorgan Chase & Co. upped their price target on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Bank of America cut their price objective on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Finally, Barclays decreased their price objective on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, October 25th. Three investment 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 company currently has a consensus rating of “Hold” and an average price target of $49.64.

Check Out Our Latest Report on BFH

Bread Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bread Financial (NYSE:BFH)

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