Kize Capital LP Cuts Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Kize Capital LP reduced its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 45.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,182 shares of the company’s stock after selling 40,000 shares during the period. Bread Financial accounts for 2.7% of Kize Capital LP’s holdings, making the stock its 7th biggest holding. Kize Capital LP owned 0.10% of Bread Financial worth $2,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Millennium Management LLC increased its stake in Bread Financial by 81.6% during the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock valued at $65,245,000 after purchasing an additional 657,968 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Bread Financial by 152.9% during the second quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock valued at $28,772,000 after buying an additional 390,413 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Bread Financial by 38.2% during the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock worth $41,910,000 after acquiring an additional 243,419 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Bread Financial by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock worth $217,766,000 after acquiring an additional 216,274 shares during the last quarter. Finally, American Century Companies Inc. lifted its position 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 in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Stock Performance

Bread Financial stock opened at $58.57 on Wednesday. Bread Financial Holdings, Inc. has a 1-year low of $26.58 and a 1-year high of $63.01. 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 market capitalization of $2.91 billion, a PE ratio of 9.33 and a beta of 1.94. The firm’s 50 day simple moving average is $52.43 and its 200 day simple moving average is $49.27.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results 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 business had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. During the same quarter last year, the business posted $3.46 EPS. The business’s revenue was down 4.7% compared to the same quarter last year. As a group, analysts expect that Bread Financial Holdings, Inc. will post 7.67 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be given 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 1.43%. Bread Financial’s payout ratio is 13.38%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BFH. Evercore ISI upped their price target on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Bank of America reduced their target price on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. TD Cowen raised their price target on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, October 28th. 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 report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.00.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett acquired 1,000 shares of Bread Financial stock in a transaction dated Monday, October 28th. The shares were purchased 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 owns 6,473 shares of the company’s stock, valued at $330,252.46. This represents a 18.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.62% of the company’s stock.

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.