Hennessy Advisors Inc. Takes Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Hennessy Advisors Inc. acquired a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 57,000 shares of the company's stock, valued at approximately $3,480,000. Hennessy Advisors Inc. owned 0.11% of Bread Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Range Financial Group LLC bought a new stake in shares of Bread Financial in the fourth quarter worth about $406,000. Diversified Trust Co bought a new stake in shares of Bread Financial in the 4th quarter worth approximately $209,000. DGS Capital Management LLC increased its stake in shares of Bread Financial by 11.8% during the third quarter. DGS Capital Management LLC now owns 10,443 shares of the company's stock valued at $497,000 after buying an additional 1,102 shares during the period. World Investment Advisors LLC purchased a new position in shares of Bread Financial during the third quarter valued at approximately $810,000. Finally, Virtu Financial LLC bought a new position in shares of Bread Financial during the third quarter valued at approximately $1,004,000. Institutional investors own 99.52% of the company's stock.

Insider Transactions at Bread Financial

In other news, Director John J. Fawcett bought 1,000 shares of the stock in a transaction on Monday, October 28th. The shares were bought at an average price of $51.02 per share, with a total value of $51,020.00. Following the completion of the acquisition, the director now owns 6,473 shares in the company, valued at $330,252.46. The trade was a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.62% of the company's stock.

Bread Financial Stock Up 1.2 %

Shares of BFH traded up $0.74 on Friday, hitting $61.61. 426,213 shares of the stock traded hands, compared to its average volume of 514,961. The company has a market capitalization of $3.06 billion, a PE ratio of 9.81 and a beta of 1.94. Bread Financial Holdings, Inc. has a one year low of $28.00 and a one year high of $66.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The business has a 50 day simple moving average of $60.73 and a 200 day simple moving average of $54.42.

Bread Financial (NYSE:BFH - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $1.83 EPS 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 business had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. During the same period in the previous year, the business posted $3.46 EPS. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities analysts forecast that Bread Financial Holdings, Inc. will post 7.62 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 8th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, November 8th. Bread Financial's payout ratio is presently 13.38%.

Analyst Upgrades and Downgrades

BFH has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a research report on Tuesday, November 19th. Evercore ISI boosted their price target on shares of Bread Financial from $52.00 to $54.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Bank of America decreased their price target on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a research note on Wednesday, September 25th. Barclays cut their price objective on Bread Financial from $35.00 to $34.00 and set an "underweight" rating on the stock in a research report on Friday, October 25th. Finally, TD Cowen increased their target price on Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $55.14.

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.