Quantbot Technologies LP Raises Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

Quantbot Technologies LP lifted its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 590.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,422 shares of the company's stock after purchasing an additional 37,992 shares during the period. Quantbot Technologies LP owned about 0.09% of Bread Financial worth $2,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Bread Financial during the third quarter worth approximately $3,090,000. Alpha DNA Investment Management LLC acquired a new stake in shares of Bread Financial during the third quarter valued at about $399,000. Algert Global LLC raised its stake in shares of Bread Financial by 87.9% in the 3rd quarter. Algert Global LLC now owns 38,500 shares of the company's stock valued at $1,832,000 after acquiring an additional 18,014 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bread Financial by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 730,531 shares of the company's stock worth $34,759,000 after acquiring an additional 13,484 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Bread Financial during the 3rd quarter worth approximately $3,550,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on BFH. Evercore ISI boosted their target price on Bread Financial from $52.00 to $54.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their target price on Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. The Goldman Sachs Group lifted their target price on Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a research report on Tuesday, November 19th. Barclays reduced their price target on shares of 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, Bank of America dropped their price objective on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a report 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Bread Financial currently has a consensus rating of "Hold" and an average price target of $50.00.

Insider Activity at Bread Financial

In other news, Director John J. Fawcett bought 1,000 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average cost 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 $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 accessible through the SEC website. Insiders own 0.62% of the company's stock.

Bread Financial Stock Up 1.5 %

Bread Financial stock traded up $0.88 during midday trading on Friday, reaching $58.83. The company's stock had a trading volume of 252,374 shares, compared to its average volume of 842,706. The business has a 50-day simple moving average of $52.64 and a 200-day simple moving average of $49.39. The company has a market cap of $2.93 billion, a P/E ratio of 9.23 and a beta of 1.94. Bread Financial Holdings, Inc. has a fifty-two week low of $27.44 and a fifty-two week high of $63.01. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.03). The business had revenue of $983.00 million for 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%. Bread Financial's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.46 EPS. On average, research analysts expect that Bread Financial Holdings, Inc. will post 7.67 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, November 8th. Bread Financial's payout ratio is 13.38%.

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.