Bread Financial Holdings, Inc. (NYSE:BFH) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 590.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,422 shares of the company’s stock after purchasing an additional 37,992 shares during the quarter. Quantbot Technologies LP owned about 0.09% of Bread Financial worth $2,114,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Bread Financial by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock valued at $217,766,000 after buying an additional 216,274 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Bread Financial by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company’s stock valued at $141,386,000 after purchasing an additional 70,092 shares during the period. Millennium Management LLC increased its holdings in Bread Financial by 81.6% in the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock valued at $65,245,000 after buying an additional 657,968 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Bread Financial by 6.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,249,669 shares of the company’s stock valued at $55,685,000 after acquiring an additional 71,777 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Bread Financial by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock worth $51,754,000 after acquiring an additional 212,276 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Performance

NYSE:BFH opened at $57.95 on Friday. 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 1-year low of $26.58 and a 1-year high of $63.01. The firm has a 50-day moving average of $52.64 and a two-hundred day moving average of $49.39. The stock has a market cap of $2.88 billion, a P/E ratio of 9.23 and a beta of 1.94.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The company had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. During the same period in the previous year, the business posted $3.46 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, research analysts expect that Bread Financial Holdings, Inc. will post 7.67 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial’s dividend payout ratio is presently 13.38%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. TD Cowen upped their target price on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a report on Monday, October 28th. Barclays lowered their target price on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a report on Friday, October 25th. The Goldman Sachs Group boosted their price target on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Evercore ISI upped their price objective on shares of Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Bank of America lowered their price objective on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.00.

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett acquired 1,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average price 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 approximately $330,252.46. This represents a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.62% of the company’s stock.

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.