Bread Financial Holdings, Inc. (NYSE:BFH) Shares Acquired by Algert Global LLC

Algert Global LLC increased its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 87.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,500 shares of the company's stock after acquiring an additional 18,014 shares during the quarter. Algert Global LLC owned approximately 0.08% of Bread Financial worth $1,832,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BFH. Vanguard Group Inc. grew its position 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 last quarter. Dimensional Fund Advisors LP raised its holdings in Bread Financial by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company's stock worth $141,386,000 after purchasing an additional 70,092 shares in the last quarter. Millennium Management LLC raised its stake in shares of Bread Financial by 81.6% during the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company's stock worth $65,245,000 after buying an additional 657,968 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Bread Financial by 6.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,249,669 shares of the company's stock valued at $55,685,000 after buying an additional 71,777 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Bread Financial by 22.4% in the second quarter. American Century Companies Inc. now owns 1,161,443 shares of the company's stock valued at $51,754,000 after buying an additional 212,276 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Insider Buying and Selling

In other news, Director John J. Fawcett purchased 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, for a total transaction of $51,020.00. Following the completion of the purchase, the director now directly owns 6,473 shares of the company's stock, valued at $330,252.46. The trade was a 18.27 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.62% of the company's stock.

Bread Financial Trading Down 1.1 %

BFH stock traded down $0.62 during midday trading on Thursday, hitting $57.95. The stock had a trading volume of 412,551 shares, compared to its average volume of 845,273. The company's 50-day moving average price is $52.54 and its 200 day moving average price is $49.33. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $2.88 billion, a PE ratio of 9.23 and a beta of 1.94. Bread Financial Holdings, Inc. has a 12-month low of $26.58 and a 12-month high of $63.01.

Bread Financial (NYSE:BFH - Get Free Report) last released its 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 net margin of 6.37% and a return on equity of 13.33%. The business had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. During the same quarter in the previous year, the company posted $3.46 earnings per share. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts predict that Bread Financial Holdings, Inc. will post 7.67 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.45%. Bread Financial's payout ratio is currently 13.38%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BFH shares. JPMorgan Chase & Co. increased their price target on shares of Bread Financial from $48.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Barclays lowered their price target on Bread Financial from $35.00 to $34.00 and set an "underweight" rating on the stock in a report on Friday, October 25th. TD Cowen lifted their price objective on Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Evercore ISI upped 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. Finally, Bank of America cut their price target on Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a research note on Wednesday, September 25th. Three equities 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. Based on data from MarketBeat.com, Bread Financial presently has an average rating of "Hold" and an average price target of $50.00.

Bread Financial Company 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.