74,601 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 74,601 shares of the company's stock, valued at approximately $3,550,000. Intech Investment Management LLC owned approximately 0.15% of Bread Financial as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in BFH. SG Americas Securities LLC purchased a new position in shares of Bread Financial in the first quarter valued at $152,000. Russell Investments Group Ltd. grew its position in shares of Bread Financial by 3.4% in the first quarter. Russell Investments Group Ltd. now owns 22,087 shares of the company's stock valued at $823,000 after purchasing an additional 722 shares in the last quarter. Vanguard Group Inc. boosted its stake in Bread Financial by 3.8% during the first quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company's stock valued at $217,766,000 after buying an additional 216,274 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Bread Financial by 6.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 22,994 shares of the company's stock valued at $856,000 after buying an additional 1,332 shares during the period. Finally, UniSuper Management Pty Ltd bought a new stake in Bread Financial during the first quarter valued at $383,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Trading Up 2.2 %

NYSE:BFH traded up $1.27 during mid-day trading on Friday, reaching $58.07. 542,993 shares of the company's stock traded hands, compared to its average volume of 768,513. Bread Financial Holdings, Inc. has a 12-month low of $26.58 and a 12-month high of $63.01. The firm has a market capitalization of $2.89 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 company has a 50 day moving average price of $52.11 and a 200-day moving average price of $48.95.

Bread Financial (NYSE:BFH - Get Free Report) last announced 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 net margin of 6.37% and a return on equity of 13.33%. The business had revenue of $983.00 million for the quarter, compared to analysts' expectations of $981.26 million. During the same quarter in the prior year, the firm earned $3.46 EPS. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. On average, sell-side analysts predict that Bread Financial Holdings, Inc. will post 7.67 earnings per share for the current year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.45%. Bread Financial's dividend payout ratio (DPR) is 13.38%.

Analyst Ratings Changes

BFH has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price target on Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. 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. Bank of America dropped their price target 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. Finally, Barclays dropped their price target on Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a research note on Friday, October 25th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Bread Financial currently has an average rating of "Hold" and an average target price of $50.00.

Insiders Place Their Bets

In other news, Director John J. Fawcett bought 1,000 shares of Bread Financial stock in a transaction on Monday, October 28th. The shares were purchased at an average price 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 approximately $330,252.46. The trade was a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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.