Inspire Investing LLC Lowers Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Inspire Investing LLC decreased its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 have also recently modified their holdings of the stock. Ensign Peak Advisors Inc boosted its position in Bread Financial by 3.3% during the second quarter. Ensign Peak Advisors Inc now owns 18,592 shares of the company’s stock worth $828,000 after purchasing an additional 600 shares in the last quarter. Public Sector Pension Investment Board boosted its position in Bread Financial by 7.9% during the second quarter. Public Sector Pension Investment Board now owns 109,105 shares of the company’s stock worth $4,862,000 after purchasing an additional 7,991 shares in the last quarter. Xponance Inc. purchased a new position in Bread Financial during the second quarter worth approximately $296,000. Marshall Wace LLP boosted its position in Bread Financial by 372.0% during the second quarter. Marshall Wace LLP now owns 42,948 shares of the company’s stock worth $1,914,000 after purchasing an additional 33,848 shares in the last quarter. Finally, Point72 DIFC Ltd boosted its position in Bread Financial by 30.0% during the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after purchasing an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BFH. The Goldman Sachs Group increased their target price on Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a report on Tuesday, November 19th. Barclays reduced their target price on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, October 25th. Compass Point increased their target price on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley raised Bread Financial from an “underweight” rating to an “overweight” rating and increased their target price for the company from $35.00 to $76.00 in a report on Thursday, December 19th. Finally, Evercore ISI increased their target price on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Bread Financial presently has a consensus rating of “Hold” and an average target price of $57.07.

Insider Transactions at Bread Financial

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

Bread Financial Price Performance

BFH stock opened at $64.38 on Friday. The business has a fifty day moving average of $61.33 and a two-hundred day moving average of $55.07. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 10.25 and a beta of 1.94. Bread Financial Holdings, Inc. has a 52-week low of $28.00 and a 52-week high of $66.71.

Bread Financial (NYSE:BFH) last released 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). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The firm had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $981.26 million. During the same quarter in the prior year, the business earned $3.46 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, research analysts anticipate that Bread Financial Holdings, Inc. will post 7.64 earnings per share for the current year.

About Bread Financial

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.