Centiva Capital LP acquired a new position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,355 shares of the company's stock, valued at approximately $1,635,000. Centiva Capital LP owned approximately 0.07% of Bread Financial as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in BFH. Dimensional Fund Advisors LP grew its position in shares of Bread Financial by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company's stock valued at $141,386,000 after acquiring an additional 70,092 shares during the period. American Century Companies Inc. lifted 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 valued at $51,754,000 after buying an additional 212,276 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Bread Financial by 152.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company's stock valued at $28,772,000 after buying an additional 390,413 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Bread Financial during the 3rd quarter valued at approximately $576,000. Finally, Natixis Advisors LLC purchased a new stake in shares of Bread Financial during the 2nd quarter valued at approximately $582,000. 99.52% of the stock is owned by institutional investors.
Insider Activity
In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of Bread Financial stock in a transaction on Monday, October 28th. The stock was 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.62% of the company's stock.
Bread Financial Trading Down 0.1 %
Shares of BFH stock traded down $0.04 on Wednesday, hitting $61.11. 486,224 shares of the stock traded hands, compared to its average volume of 839,576. The firm's 50-day moving average price is $53.53 and its two-hundred day moving average price is $49.97. 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 stock has a market capitalization of $3.04 billion, a PE ratio of 9.73 and a beta of 1.96. Bread Financial Holdings, Inc. has a twelve month low of $28.00 and a twelve month high of $63.01.
Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (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 for the quarter, compared to analysts' expectations of $981.26 million. During the same quarter last year, the company earned $3.46 earnings per share. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, analysts anticipate that Bread Financial Holdings, Inc. will post 7.49 EPS for the current year.
Bread Financial Dividend Announcement
The company 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 $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, November 8th. Bread Financial's payout ratio is currently 13.38%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Bank of America lowered their target price on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating on the stock in a research note on Wednesday, September 25th. TD Cowen increased their price target on shares of Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a report on Monday, October 28th. The Goldman Sachs Group increased their price target on shares of Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. increased their price target on shares of Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. Finally, Evercore ISI increased their price target on shares of Bread Financial from $52.00 to $54.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $50.00.
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About Bread Financial
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Free Report)
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.
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![Institutional Ownership by Quarter for Bread Financial (NYSE:BFH)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=BFH)
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