Inspire Investing LLC Decreases Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Inspire Investing LLC cut its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 17.5% in the fourth quarter, HoldingsChannel reports. The firm owned 13,438 shares of the company’s stock after selling 2,842 shares during the quarter. Inspire Investing LLC’s holdings in Bread Financial were worth $821,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BFH. GAMMA Investing LLC raised its stake in Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after buying an additional 260 shares in the last quarter. Point72 DIFC Ltd raised its stake in Bread Financial by 30.0% in the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after buying an additional 397 shares in the last quarter. CWM LLC raised its stake in Bread Financial by 43.7% in the third quarter. CWM LLC now owns 2,455 shares of the company’s stock valued at $117,000 after buying an additional 747 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in Bread Financial by 64.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company’s stock valued at $125,000 after buying an additional 1,033 shares in the last quarter. Finally, nVerses Capital LLC increased its position in shares of Bread Financial by 700.0% during the third quarter. nVerses Capital LLC now owns 3,200 shares of the company’s stock worth $152,000 after purchasing an additional 2,800 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Bread Financial

In other news, Director John J. Fawcett purchased 1,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were acquired at an average price of $51.02 per share, with a total value of $51,020.00. Following the purchase, the director now directly owns 6,473 shares of the company’s stock, valued at $330,252.46. The trade was a 18.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.62% of the company’s stock.

Bread Financial Price Performance

Shares of NYSE:BFH opened at $64.38 on Friday. The business’s 50 day simple moving average is $61.33 and its 200-day simple moving average is $55.07. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 10.25 and a beta of 1.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. Bread Financial Holdings, Inc. has a 12 month low of $28.00 and a 12 month high of $66.71.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.03). The firm had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. Bread Financial’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm earned $3.46 EPS. As a group, equities analysts forecast that Bread Financial Holdings, Inc. will post 7.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods boosted their price target on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $35.00 to $76.00 in a research report on Thursday, December 19th. TD Cowen boosted their price target on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Evercore ISI boosted their price target on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $57.07.

Bread Financial 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.