Paloma Partners Management Co Makes New $747,000 Investment in Bread Financial Holdings, Inc. (NYSE:BFH)

Paloma Partners Management Co acquired a new position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 15,701 shares of the company's stock, valued at approximately $747,000.

Other large investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Bread Financial by 64.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company's stock worth $125,000 after buying an additional 1,033 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Bread Financial in the third quarter valued at about $4,276,000. Rockefeller Capital Management L.P. bought a new position in Bread Financial during the third quarter worth about $6,001,000. Hantz Financial Services Inc. grew its position in shares of Bread Financial by 4.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 24,516 shares of the company's stock worth $1,166,000 after buying an additional 976 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of Bread Financial by 590.9% in the 3rd quarter. Quantbot Technologies LP now owns 44,422 shares of the company's stock valued at $2,114,000 after acquiring an additional 37,992 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Evercore ISI lifted their price objective 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. Barclays decreased their price target on shares of Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a report on Friday, October 25th. Bank of America cut their price objective on Bread Financial from $61.00 to $57.00 and set a "buy" rating on the stock in a report on Wednesday, September 25th. JPMorgan Chase & Co. increased their target price on Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. Finally, The Goldman Sachs Group lifted their price target on shares of Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a research note on Tuesday, November 19th. Three equities research 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. According to MarketBeat.com, Bread Financial currently has a consensus rating of "Hold" and a consensus price target of $50.00.

Insider Buying and Selling

In other news, Director John J. Fawcett acquired 1,000 shares of Bread Financial stock in a transaction dated Monday, October 28th. The stock was bought 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 directly owns 6,473 shares in the company, valued at approximately $330,252.46. The trade was a 18.27 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.62% of the stock is owned by insiders.

Bread Financial Stock Performance

NYSE BFH traded down $0.04 on Wednesday, hitting $61.11. 486,224 shares of the stock were exchanged, compared to its average volume of 839,576. The company has a market capitalization of $3.04 billion, a PE ratio of 9.73 and a beta of 1.96. 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 business's fifty day moving average is $53.53 and its 200 day moving average is $49.97. Bread Financial Holdings, Inc. has a 52 week low of $28.00 and a 52 week high of $63.01.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (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%. The company's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $3.46 earnings per share. Research analysts anticipate that Bread Financial Holdings, Inc. will post 7.49 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, November 8th. Bread Financial's payout ratio is presently 13.38%.

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.