Dynamic Technology Lab Private Ltd Invests $3.09 Million in Bread Financial Holdings, Inc. (NYSE:BFH)

Dynamic Technology Lab Private Ltd bought a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 64,934 shares of the company's stock, valued at approximately $3,090,000. Dynamic Technology Lab Private Ltd owned 0.13% of Bread Financial as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Alpha DNA Investment Management LLC bought a new position in shares of Bread Financial in the third quarter valued at approximately $399,000. Algert Global LLC grew its stake in shares of Bread Financial by 87.9% in the third quarter. Algert Global LLC now owns 38,500 shares of the company's stock worth $1,832,000 after acquiring an additional 18,014 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Bread Financial by 1.9% in the third 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. Intech Investment Management LLC acquired a new stake in shares of Bread Financial in the third quarter worth $3,550,000. Finally, Pzena Investment Management LLC grew its stake in shares of Bread Financial by 38.2% in the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company's stock worth $41,910,000 after acquiring an additional 243,419 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BFH shares. The Goldman Sachs Group raised their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a research note on Tuesday, November 19th. Barclays decreased 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 note on Friday, October 25th. Bank of America decreased their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. Finally, Evercore ISI lifted their price target on shares of Bread Financial from $52.00 to $54.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $50.00.

Bread Financial Stock Performance

Bread Financial stock traded up $1.33 during mid-day trading on Monday, hitting $59.40. 311,258 shares of the company's stock traded hands, compared to its average volume of 845,458. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 9.25 and a beta of 1.94. 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 50 day simple moving average of $52.11 and a two-hundred day simple moving average of $49.01. Bread Financial Holdings, Inc. has a fifty-two week low of $26.58 and a fifty-two week high of $63.01.

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 the consensus estimate of $1.86 by ($0.03). The firm had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. Bread Financial's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.46 EPS. On average, research analysts expect that Bread Financial Holdings, Inc. will post 7.67 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be paid a $0.21 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.41%. Bread Financial's dividend payout ratio (DPR) is presently 13.38%.

Insiders Place Their Bets

In related news, Director John J. Fawcett bought 1,000 shares of Bread Financial stock in a transaction dated Monday, October 28th. The shares were bought at an average cost of $51.02 per share, with a total value of $51,020.00. Following the acquisition, the director now owns 6,473 shares in the company, valued at $330,252.46. This trade represents a 18.27 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.62% of the company's stock.

About Bread Financial

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.