Bread Financial Holdings, Inc. (NYSE:BFH) Shares Acquired by Factorial Partners LLC

Factorial Partners LLC increased its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 78.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 34,000 shares of the company's stock after purchasing an additional 15,000 shares during the period. Factorial Partners LLC owned about 0.07% of Bread Financial worth $1,618,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC increased its position in Bread Financial by 81.6% during the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company's stock worth $65,245,000 after acquiring an additional 657,968 shares during the period. Point72 Asset Management L.P. lifted its position 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 acquiring an additional 390,413 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Bread Financial by 86.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 485,113 shares of the company's stock worth $18,066,000 after buying an additional 224,545 shares during the last quarter. Vanguard Group Inc. raised its holdings in Bread Financial by 3.8% during the first quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company's stock worth $217,766,000 after buying an additional 216,274 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Bread Financial by 22.4% in the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company's stock worth $51,754,000 after acquiring an additional 212,276 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Bread Financial Price Performance

Shares of Bread Financial stock traded down $0.41 during trading on Wednesday, hitting $57.18. 491,328 shares of the company were exchanged, compared to its average volume of 848,907. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 9.25 and a beta of 1.94. 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 Holdings, Inc. has a fifty-two week low of $26.58 and a fifty-two week high of $63.01. The firm has a 50 day moving average price of $51.52 and a 200 day moving average price of $48.65.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.83 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 firm had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. During the same period in the prior year, the business posted $3.46 EPS. The company's revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities analysts expect that Bread Financial Holdings, Inc. will post 7.63 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

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 given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, November 8th. Bread Financial's dividend 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 on Monday, October 28th. The stock was acquired at an average price of $51.02 per share, with a total value of $51,020.00. Following the transaction, the director now owns 6,473 shares in the company, valued at $330,252.46. This represents a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on BFH. 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 reduced their price objective 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. JPMorgan Chase & Co. lifted their price objective on Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. Compass Point upped their price objective on Bread Financial from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Finally, TD Cowen upped their target price on Bread Financial from $48.00 to $50.00 and gave the company a "hold" rating in a report on Monday, October 28th. 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 stock. According to data from MarketBeat.com, Bread Financial has an average rating of "Hold" and a consensus target price 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.