Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. cut its stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 90.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,481 shares of the company's stock after selling 51,790 shares during the period. Edgestream Partners L.P.'s holdings in Bread Financial were worth $274,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC bought a new position in Bread Financial during the 4th quarter valued at about $104,000. Point72 Asset Management L.P. grew its position in shares of Bread Financial by 550.8% during the 4th quarter. Point72 Asset Management L.P. now owns 462,307 shares of the company's stock worth $28,228,000 after buying an additional 391,272 shares during the period. Norges Bank acquired a new stake in shares of Bread Financial during the 4th quarter worth approximately $23,740,000. Franklin Resources Inc. grew its position in shares of Bread Financial by 31.1% during the 4th quarter. Franklin Resources Inc. now owns 1,207,404 shares of the company's stock worth $73,724,000 after buying an additional 286,720 shares during the period. Finally, Azora Capital LP acquired a new position in Bread Financial during the fourth quarter valued at approximately $13,545,000. 99.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on BFH. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Bread Financial in a research report on Monday, July 14th. Barclays reaffirmed an "underweight" rating and set a $52.00 price target (up from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. BTIG Research set a $105.00 price objective on shares of Bread Financial and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Morgan Stanley raised their price target on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Bread Financial has an average rating of "Hold" and a consensus target price of $63.92.

Bread Financial Stock Performance

NYSE:BFH traded down $2.03 during mid-day trading on Thursday, reaching $62.17. 278,677 shares of the stock were exchanged, compared to its average volume of 853,464. The company has a 50 day simple moving average of $55.63 and a 200-day simple moving average of $54.30. The stock has a market capitalization of $2.89 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.17 and a beta of 1.38. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.42. Bread Financial Holdings, Inc. has a 1 year low of $38.21 and a 1 year high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.76. Bread Financial had a return on equity of 12.60% and a net margin of 5.89%. The firm had revenue of $970.00 million during the quarter, compared to analysts' expectations of $956.17 million. During the same period in the previous year, the firm posted $2.73 earnings per share. Bread Financial's revenue was down 2.1% on a year-over-year basis. Analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.35%. Bread Financial's dividend payout ratio (DPR) is presently 14.92%.

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.