Point72 Hong Kong Ltd Acquires Shares of 89,867 Bread Financial Holdings, Inc. (NYSE:BFH)

Point72 Hong Kong Ltd bought a new stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 89,867 shares of the company's stock, valued at approximately $4,276,000. Point72 Hong Kong Ltd owned approximately 0.18% of Bread Financial as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of BFH. Millennium Management LLC boosted its stake in shares of Bread Financial by 81.6% in 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 in the last quarter. Point72 Asset Management L.P. boosted its position in Bread Financial by 152.9% in the second quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company's stock valued at $28,772,000 after buying an additional 390,413 shares in the last quarter. Pzena Investment Management LLC boosted its position in Bread Financial by 38.2% in the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company's stock valued at $41,910,000 after buying an additional 243,419 shares in the last quarter. American Century Companies Inc. boosted its position in Bread Financial by 22.4% in the second quarter. American Century Companies Inc. now owns 1,161,443 shares of the company's stock valued at $51,754,000 after buying an additional 212,276 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Bread Financial by 131.7% during the 2nd quarter. Renaissance Technologies LLC now owns 258,442 shares of the company's stock worth $11,516,000 after acquiring an additional 146,900 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on BFH. Bank of America dropped 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. Evercore ISI lifted their target price on shares of Bread Financial from $52.00 to $54.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on shares of Bread Financial from $48.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, August 20th. Barclays cut their price target on shares of Bread Financial from $35.00 to $34.00 and set an "underweight" rating on the stock in a report on Friday, October 25th. Finally, TD Cowen increased their price objective on Bread Financial from $48.00 to $50.00 and gave the company a "hold" rating in a report on Monday, October 28th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $50.00.

Insider Transactions at Bread Financial

In related news, Director John J. Fawcett acquired 1,000 shares of the stock in a transaction dated Monday, October 28th. The stock was purchased at an average cost of $51.02 per share, with a total value of $51,020.00. Following the completion of 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is owned by insiders.

Bread Financial Stock Up 1.5 %

Shares of Bread Financial stock traded up $0.88 during trading on Friday, reaching $58.83. 252,374 shares of the company traded hands, compared to its average volume of 755,321. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. Bread Financial Holdings, Inc. has a 1-year low of $27.44 and a 1-year high of $63.01. The company has a 50 day moving average price of $52.77 and a 200-day moving average price of $49.57. The firm has a market capitalization of $2.93 billion, a PE ratio of 9.37 and a beta of 1.94.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.03). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The company had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. During the same quarter in the prior year, the company posted $3.46 EPS. Bread Financial's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities research analysts expect that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial's payout ratio is 13.38%.

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.