WINTON GROUP Ltd Sells 78,851 Shares of Bread Financial Holdings, Inc. $BFH

WINTON GROUP Ltd trimmed its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 88.6% during the second quarter, HoldingsChannel.com reports. The fund owned 10,171 shares of the company’s stock after selling 78,851 shares during the period. WINTON GROUP Ltd’s holdings in Bread Financial were worth $1,102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BFH. Engineers Gate Manager LP raised its holdings in Bread Financial by 238.9% in the second quarter. Engineers Gate Manager LP now owns 25,470 shares of the company’s stock worth $2,760,000 after purchasing an additional 17,955 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Bread Financial during the second quarter worth $128,000. IFP Advisors Inc grew its holdings in shares of Bread Financial by 125.8% in the 2nd quarter. IFP Advisors Inc now owns 490 shares of the company’s stock valued at $53,000 after buying an additional 273 shares during the period. Allworth Financial LP grew its holdings in shares of Bread Financial by 27.2% in the 2nd quarter. Allworth Financial LP now owns 679 shares of the company’s stock valued at $74,000 after buying an additional 145 shares during the period. Finally, Nykredit A S bought a new stake in shares of Bread Financial in the 2nd quarter valued at $201,000. Institutional investors own 99.52% of the company’s stock.

Bread Financial Trading Down 0.1%

Shares of NYSE:BFH opened at $106.28 on Monday. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 0.67 and a beta of 1.10. Bread Financial Holdings, Inc. has a 12 month low of $53.83 and a 12 month high of $114.53. The company’s fifty day simple moving average is $105.73 and its 200 day simple moving average is $92.71. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.25.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.81. The firm had revenue of $993.00 million during the quarter, compared to analyst estimates of $959.32 million. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.15 EPS. As a group, research analysts forecast that Bread Financial Holdings, Inc. will post 12.1 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, August 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.9%. Bread Financial’s dividend payout ratio (DPR) is presently 7.18%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BFH shares. Wells Fargo & Company initiated coverage on Bread Financial in a research note on Friday. They set an “equal weight” rating and a $115.00 price objective on the stock. BTIG Research increased their price target on Bread Financial from $105.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Bank of America reaffirmed a “buy” rating and set a $108.00 price target on shares of Bread Financial in a research report on Wednesday, June 10th. Wolfe Research upgraded Bread Financial from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a report on Tuesday, August 25th. Finally, Seaport Research Partners reiterated a “buy” rating and issued a $119.00 price objective on shares of Bread Financial in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.29.

Insider Transactions at Bread Financial

In other Bread Financial news, Director Praniti Lakhwara sold 2,802 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total value of $297,348.24. Following the sale, the director owned 4,458 shares in the company, valued at approximately $473,082.96. The trade was a 38.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Bread Financial Company Profile

Bread Financial Corporation (NYSE: BFH) is a financial services company that provides payment, lending and savings solutions for consumers and businesses. Its offerings include private-label and co-branded credit cards, installment loans, buy now, pay later financing and direct-to-consumer savings products.

The company works with retailers and brands to design and manage customized credit programs, including account servicing, underwriting, transaction processing and customer engagement services.