Quadrature Capital Ltd Purchases 8,768 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Quadrature Capital Ltd raised its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 99.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,574 shares of the company's stock after acquiring an additional 8,768 shares during the period. Quadrature Capital Ltd's holdings in Bread Financial were worth $836,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its position 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 valued at $1,259,000 after buying an additional 1,856 shares in the last quarter. CWM LLC lifted its stake in Bread Financial by 47.5% during the second quarter. CWM LLC now owns 1,708 shares of the company's stock worth $76,000 after purchasing an additional 550 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Bread Financial during the second quarter worth about $3,109,000. Pallas Capital Advisors LLC purchased a new position in shares of Bread Financial in the 2nd quarter worth about $201,000. Finally, Louisiana State Employees Retirement System increased its position in shares of Bread Financial by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company's stock valued at $1,110,000 after purchasing an additional 500 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Stock Up 2.0 %

Shares of Bread Financial stock traded up $1.23 during midday trading on Friday, hitting $63.19. The company had a trading volume of 600,596 shares, compared to its average volume of 634,771. Bread Financial Holdings, Inc. has a 52-week low of $28.00 and a 52-week high of $63.25. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $3.14 billion, a P/E ratio of 10.06 and a beta of 1.96. The company has a 50 day moving average of $54.17 and a 200 day moving average of $50.26.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly 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). 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 period in the prior year, the firm earned $3.46 EPS. Bread Financial's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts predict 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 declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 1.33%. The ex-dividend date is Friday, November 8th. Bread Financial's payout ratio is 13.38%.

Analysts Set New Price Targets

A number of analysts recently weighed in on BFH shares. TD Cowen upped their target price on Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. 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 note on Wednesday, October 30th. The Goldman Sachs Group increased their price target 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. Bank of America decreased their price objective on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. boosted their price target on Bread Financial from $48.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $50.00.

Insider Activity at Bread Financial

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

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.