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

DGS Capital Management LLC reduced its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,102 shares of the company’s stock after selling 2,341 shares during the period. DGS Capital Management LLC’s holdings in Bread Financial were worth $495,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BFH. World Investment Advisors LLC purchased a new stake in shares of Bread Financial during the third quarter worth approximately $810,000. Geode Capital Management LLC boosted its stake in Bread Financial by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company’s stock worth $55,012,000 after purchasing an additional 13,459 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Bread Financial during the third quarter worth $576,000. Factorial Partners LLC raised its position in shares of 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 buying an additional 15,000 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Bread Financial in the third quarter worth about $3,550,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Price Performance

Bread Financial stock opened at $64.38 on Friday. The company’s 50 day simple moving average is $61.33 and its 200-day simple moving average is $55.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. Bread Financial Holdings, Inc. has a 1 year low of $28.00 and a 1 year high of $66.71. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 10.25 and a beta of 1.94.

Bread Financial (NYSE:BFH) last announced its 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 firm had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $981.26 million. During the same period in the previous year, the firm earned $3.46 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities research analysts expect that Bread Financial Holdings, Inc. will post 7.64 earnings per share for the current year.

Insider Activity

In other news, Director John J. Fawcett bought 1,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was bought at an average cost of $51.02 per share, with a total value of $51,020.00. Following the transaction, the director now directly owns 6,473 shares in the company, valued at $330,252.46. The trade was a 18.27 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BFH. The Goldman Sachs Group upped their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note on Tuesday, November 19th. Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and upped their price target for the company from $35.00 to $76.00 in a research report on Thursday, December 19th. TD Cowen lifted their price objective on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Compass Point upped their target price on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods raised their target price on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Bread Financial has a consensus rating of “Hold” and a consensus 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.