Jacobs Levy Equity Management Inc. Buys 260,283 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Jacobs Levy Equity Management Inc. increased its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 30.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,121,329 shares of the company's stock after buying an additional 260,283 shares during the quarter. Jacobs Levy Equity Management Inc. owned 2.26% of Bread Financial worth $53,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BFH. GAMMA Investing LLC lifted its position in Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock valued at $49,000 after purchasing an additional 260 shares during the last quarter. CWM LLC increased its stake in shares of Bread Financial by 47.5% during the second quarter. CWM LLC now owns 1,708 shares of the company's stock valued at $76,000 after buying an additional 550 shares during the period. Point72 DIFC Ltd increased its stake in shares of Bread Financial by 30.0% during the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock valued at $77,000 after buying an additional 397 shares during the period. National Bank of Canada FI raised its holdings in Bread Financial by 70.3% in the second quarter. National Bank of Canada FI now owns 1,938 shares of the company's stock worth $88,000 after purchasing an additional 800 shares in the last quarter. Finally, Headlands Technologies LLC raised its holdings in Bread Financial by 164.0% in the second quarter. Headlands Technologies LLC now owns 2,355 shares of the company's stock worth $105,000 after purchasing an additional 1,463 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Bread Financial Stock Performance

NYSE BFH traded down $0.04 during trading hours on Wednesday, hitting $61.11. The company's stock had a trading volume of 486,224 shares, compared to its average volume of 839,576. Bread Financial Holdings, Inc. has a 12 month low of $28.00 and a 12 month high of $63.01. The company's 50 day simple moving average is $53.53 and its two-hundred day simple moving average is $49.97. The company has a market cap of $3.04 billion, a P/E ratio of 9.73 and a beta of 1.96. 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 (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.03). The firm had revenue of $983.00 million during the quarter, compared to analysts' expectations of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The company's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.46 earnings per share. As a group, sell-side analysts expect that Bread Financial Holdings, Inc. will post 7.49 EPS for the current fiscal year.

Bread Financial Dividend Announcement

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 given a $0.21 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.37%. Bread Financial's payout ratio is 13.38%.

Insider Activity

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of the firm's stock in a transaction that occurred 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 purchase, the director now owns 6,473 shares of the company's stock, valued at $330,252.46. This trade represents a 18.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.62% of the company's stock.

Analyst Ratings Changes

BFH has been the subject of a number of research reports. Evercore ISI increased their price objective on Bread Financial from $52.00 to $54.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. Barclays decreased their price objective on Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a report on Friday, October 25th. The Goldman Sachs Group increased their price objective on Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a report on Tuesday, November 19th. Finally, Bank of America decreased their price objective on Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a report on Wednesday, September 25th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently 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.