Geode Capital Management LLC Buys 13,459 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Geode Capital Management LLC raised its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,155,989 shares of the company's stock after purchasing an additional 13,459 shares during the period. Geode Capital Management LLC owned 2.33% of Bread Financial worth $55,012,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Bread Financial by 33.5% during the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock valued at $49,000 after buying an additional 260 shares during the period. Point72 DIFC Ltd boosted its position in shares of Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock valued at $77,000 after acquiring an additional 397 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Bread Financial by 70.3% during the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company's stock valued at $88,000 after acquiring an additional 800 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of Bread Financial by 164.0% during 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. Finally, CWM LLC increased its position in shares of Bread Financial by 43.7% in the third quarter. CWM LLC now owns 2,455 shares of the company's stock worth $117,000 after purchasing an additional 747 shares during the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Trading Down 0.7 %

Shares of NYSE BFH traded down $0.47 during mid-day trading on Monday, hitting $62.29. The stock had a trading volume of 427,289 shares, compared to its average volume of 840,137. The firm has a market cap of $3.10 billion, a P/E ratio of 9.92 and a beta of 1.96. 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 business has a 50 day moving average price of $57.60 and a two-hundred day moving average price of $52.09. Bread Financial Holdings, Inc. has a 1 year low of $28.00 and a 1 year high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $983.00 million during the quarter, compared to analysts' expectations 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 was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.46 EPS. On average, equities analysts anticipate that Bread Financial Holdings, Inc. will post 7.5 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 8th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, November 8th. Bread Financial's dividend payout ratio (DPR) is currently 13.38%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BFH. Evercore ISI lifted their target price on shares of Bread Financial from $52.00 to $54.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Barclays cut their target price on shares of Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a research report on Friday, October 25th. Keefe, Bruyette & Woods raised their price target on Bread Financial from $67.00 to $88.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. TD Cowen lifted their price target on Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group increased their price objective on Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Bread Financial has an average rating of "Hold" and an average price target of $55.14.

Insider Transactions at Bread Financial

In related news, Director John J. Fawcett acquired 1,000 shares of the firm's stock in a transaction on Monday, October 28th. The stock was acquired at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which is available at 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.