Victory Capital Management Inc. Sells 49,745 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Victory Capital Management Inc. trimmed its position in Bread Financial Holdings, Inc. (NYSE:BFH – Get Rating) by 18.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,801 shares of the company’s stock after selling 49,745 shares during the period. Victory Capital Management Inc. owned approximately 0.45% of Bread Financial worth $9,265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ellevest Inc. increased its holdings in Bread Financial by 61.0% during the 4th quarter. Ellevest Inc. now owns 702 shares of the company’s stock worth $26,000 after purchasing an additional 266 shares in the last quarter. Ronald Blue Trust Inc. increased its holdings in Bread Financial by 63.1% during the 4th quarter. Ronald Blue Trust Inc. now owns 848 shares of the company’s stock worth $27,000 after purchasing an additional 328 shares in the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in Bread Financial during the 3rd quarter worth approximately $29,000. Macquarie Group Ltd. bought a new stake in Bread Financial during the 3rd quarter worth approximately $44,000. Finally, Nisa Investment Advisors LLC bought a new stake in Bread Financial during the 3rd quarter worth approximately $46,000. 96.62% of the stock is owned by institutional investors.

Insider Buying and Selling at Bread Financial

In other news, major shareholder Turtle Creek Asset Management acquired 150,000 shares of Bread Financial stock in a transaction on Monday, May 8th. The stock was acquired at an average cost of $25.17 per share, with a total value of $3,775,500.00. Following the completion of the acquisition, the insider now owns 4,495,972 shares in the company, valued at $113,163,615.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders bought 553,511 shares of company stock valued at $14,855,962. Company insiders own 0.20% of the company’s stock.

Bread Financial Stock Performance

Shares of BFH opened at $29.13 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 3.12, a PEG ratio of 0.08 and a beta of 1.92. The stock has a 50 day moving average of $28.04 and a 200 day moving average of $35.15. Bread Financial Holdings, Inc. has a 12 month low of $23.19 and a 12 month high of $55.87.

Bread Financial (NYSE:BFH – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The company reported $9.08 earnings per share for the quarter, beating the consensus estimate of $7.11 by $1.97. Bread Financial had a return on equity of 19.35% and a net margin of 9.66%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company earned $4.21 earnings per share. Bread Financial’s revenue was up 40.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Bread Financial Holdings, Inc. will post 11.68 earnings per share for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, May 12th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.88%. The ex-dividend date is Thursday, May 11th. Bread Financial’s dividend payout ratio (DPR) is 8.99%.

Analyst Ratings Changes

A number of analysts have commented on the company. Stephens reissued an “overweight” rating and set a $64.00 price objective on shares of Bread Financial in a report on Friday, March 10th. Keefe, Bruyette & Woods lowered Bread Financial from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $35.00 to $30.00 in a report on Tuesday, April 11th. The Goldman Sachs Group reduced their target price on Bread Financial from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, April 5th. Finally, Morgan Stanley decreased their price target on Bread Financial from $39.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 5th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $44.88.

Bread Financial Profile

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Bread Financial Holdings, Inc engages in the provision of payment, lending, and saving solutions. The firm also offers private label and co-brand credit cards and buy now, pay later products such as installment loans and split-pay offerings. The company was founded in 1996 and is headquartered in Columbus, OH.