Janney Montgomery Scott LLC Takes Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Janney Montgomery Scott LLC acquired a new position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,707 shares of the company's stock, valued at approximately $890,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new position in shares of Bread Financial during the 1st quarter valued at about $1,546,000. UniSuper Management Pty Ltd purchased a new stake in Bread Financial in the first quarter worth approximately $383,000. Sei Investments Co. grew its position in Bread Financial by 58.5% during the first quarter. Sei Investments Co. now owns 84,317 shares of the company's stock valued at $3,140,000 after acquiring an additional 31,122 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Bread Financial by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company's stock worth $141,386,000 after acquiring an additional 70,092 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings 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 during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Trading Up 3.2 %

NYSE:BFH opened at $58.50 on Friday. The company has a 50-day moving average price of $51.25 and a 200-day moving average price of $48.26. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 9.32 and a beta of 1.94. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 12 month low of $26.27 and a 12 month high of $63.01.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The company had revenue of $983.00 million during the quarter, compared to analysts' expectations of $981.26 million. During the same quarter last year, the business earned $3.46 earnings per share. The business's quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts predict that Bread Financial Holdings, Inc. will post 7.63 EPS for the current year.

Bread Financial Dividend Announcement

The company 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 yield of 1.44%. Bread Financial's payout ratio is 13.38%.

Insiders Place Their Bets

In other Bread Financial news, Director John J. Fawcett acquired 1,000 shares of the business's stock in a transaction on Monday, October 28th. The shares were acquired at an average price of $51.02 per share, for a total transaction 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. This trade represents a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on BFH. Bank of America reduced their target price on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating on the stock in a report on Wednesday, September 25th. Royal Bank of Canada lifted their price objective on Bread Financial from $47.00 to $58.00 and gave the stock a "sector perform" rating in a report on Friday, July 26th. Barclays dropped their target price on Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a report on Friday, October 25th. Evercore ISI lifted their price target on Bread Financial from $52.00 to $54.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Finally, TD Cowen boosted their price objective on Bread Financial from $48.00 to $50.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Bread Financial currently has an average rating of "Hold" and a consensus price target of $49.64.

Bread Financial 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.