Petrus Trust Company LTA Takes Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Petrus Trust Company LTA purchased a new stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 12,344 shares of the company's stock, valued at approximately $587,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Bread Financial by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company's stock valued at $141,386,000 after purchasing an additional 70,092 shares during the period. Millennium Management LLC boosted its stake in Bread Financial by 81.6% during the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company's stock valued at $65,245,000 after purchasing an additional 657,968 shares during the period. Victory Capital Management Inc. boosted its stake in Bread Financial by 6.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,249,669 shares of the company's stock valued at $55,685,000 after purchasing an additional 71,777 shares during the period. American Century Companies Inc. raised its position in shares of Bread Financial by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company's stock worth $51,754,000 after buying an additional 212,276 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Bread Financial by 30.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company's stock worth $53,353,000 after purchasing an additional 260,283 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BFH. Bank of America dropped 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. JPMorgan Chase & Co. boosted their price target on shares of Bread Financial from $48.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. TD Cowen boosted their price objective on shares of Bread Financial from $48.00 to $50.00 and gave the company a "hold" rating in a research report on Monday, October 28th. The Goldman Sachs Group boosted their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a research report on Tuesday, November 19th. Finally, Evercore ISI boosted their price objective 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. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Bread Financial has an average rating of "Hold" and a consensus price target of $50.00.

Insider Transactions at Bread Financial

In related news, Director John J. Fawcett bought 1,000 shares of the business's stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the purchase, the director now directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is owned by corporate insiders.

Bread Financial Stock Up 1.4 %

BFH stock traded up $0.85 during trading hours on Thursday, hitting $61.96. The company's stock had a trading volume of 421,744 shares, compared to its average volume of 837,798. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $3.08 billion, a PE ratio of 9.87 and a beta of 1.96. Bread Financial Holdings, Inc. has a 12 month low of $28.00 and a 12 month high of $63.01. The stock has a 50 day moving average price of $53.84 and a two-hundred day moving average price of $50.06.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.83 earnings per share 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 quarter in the previous year, the firm posted $3.46 earnings per share. Bread Financial's quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts expect that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, November 8th. Bread Financial's payout ratio is 13.38%.

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.