Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,726 shares of the company’s stock after selling 640 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Bread Financial were worth $899,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. World Investment Advisors LLC purchased a new stake in Bread Financial in the third quarter valued at $810,000. Geode Capital Management LLC boosted its holdings in Bread Financial by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company’s stock valued at $55,012,000 after purchasing an additional 13,459 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Bread Financial in the third quarter valued at $3,550,000. Factorial Partners LLC boosted its holdings in Bread Financial by 78.9% in the third quarter. Factorial Partners LLC now owns 34,000 shares of the company’s stock valued at $1,618,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in Bread Financial in the fourth quarter valued at $213,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a report on Monday, February 3rd. Compass Point increased their target price on shares of Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods increased their target price on shares of Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. The Goldman Sachs Group increased their target price on shares of Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research note on Tuesday, November 19th. Finally, Morgan Stanley raised shares of Bread Financial from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $35.00 to $76.00 in a research note on Thursday, December 19th. Two 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 MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $59.69.

Bread Financial Stock Up 0.7 %

BFH opened at $53.99 on Friday. Bread Financial Holdings, Inc. has a twelve month low of $32.10 and a twelve month high of $66.71. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $60.90 and a 200 day moving average price of $56.93. The company has a market cap of $2.65 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 1.25 and a beta of 1.93.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. Sell-side analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be issued a $0.21 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.56%. Bread Financial’s payout ratio is 15.14%.

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.