Point72 DIFC Ltd Grows Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Point72 DIFC Ltd lifted its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 823.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,898 shares of the company's stock after purchasing an additional 14,177 shares during the period. Point72 DIFC Ltd's holdings in Bread Financial were worth $756,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BFH. Price T Rowe Associates Inc. MD boosted its holdings in shares of Bread Financial by 5.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,782 shares of the company's stock worth $1,259,000 after buying an additional 1,856 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Bread Financial by 25.0% in the second quarter. Harbor Capital Advisors Inc. now owns 13,428 shares of the company's stock worth $598,000 after purchasing an additional 2,689 shares during the period. CWM LLC increased its stake in Bread Financial by 47.5% in the second quarter. CWM LLC now owns 1,708 shares of the company's stock valued at $76,000 after purchasing an additional 550 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Bread Financial during the second quarter valued at about $3,109,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of Bread Financial during the 2nd quarter worth about $201,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Insider Buying and Selling

In other news, Director John J. Fawcett acquired 1,000 shares of Bread Financial stock in a transaction on Monday, October 28th. The stock was acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the completion of the acquisition, the director now owns 6,473 shares in the company, valued at approximately $330,252.46. This trade represents a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is owned by insiders.

Bread Financial Stock Up 2.0 %

NYSE:BFH traded up $1.23 on Friday, hitting $63.19. The stock had a trading volume of 600,596 shares, compared to its average volume of 836,793. Bread Financial Holdings, Inc. has a 1 year low of $28.00 and a 1 year high of $63.25. The firm's fifty day simple moving average is $54.17 and its two-hundred day simple moving average is $50.21. The stock has a market cap of $3.14 billion, a P/E ratio of 10.06 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.

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

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, November 8th. Bread Financial's payout ratio is 13.38%.

Analyst Ratings Changes

BFH has been the subject of a number of research analyst reports. Bank of America decreased their target price on Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Barclays lowered their target price on Bread Financial from $35.00 to $34.00 and set an "underweight" rating on the stock in a research report on Friday, October 25th. TD Cowen lifted their price target 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. Evercore ISI upped their price objective on shares of Bread Financial from $52.00 to $54.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a report on Tuesday, November 19th. Three equities 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $50.00.

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.