Bread Financial Holdings, Inc. (NYSE:BFH) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 41.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,431 shares of the company's stock after buying an additional 34,122 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.24% of Bread Financial worth $5,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GSA Capital Partners LLP purchased a new position in shares of Bread Financial in the 1st quarter worth $623,000. Public Employees Retirement System of Ohio purchased a new stake in Bread Financial in the 1st quarter worth approximately $1,546,000. UniSuper Management Pty Ltd bought a new stake in shares of Bread Financial during the 1st quarter valued at $383,000. Sei Investments Co. grew its position in shares of Bread Financial by 58.5% during the first quarter. Sei Investments Co. now owns 84,317 shares of the company's stock worth $3,140,000 after purchasing an additional 31,122 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Bread Financial by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company's stock worth $141,386,000 after acquiring an additional 70,092 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on BFH. TD Cowen increased 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. Bank of America dropped their target price on Bread Financial from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Wednesday, September 25th. The Goldman Sachs Group increased their target price on shares of Bread Financial from $40.00 to $53.00 and gave the company a "sell" rating in a research report on Monday, July 29th. JPMorgan Chase & Co. upped their price objective 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. Finally, Royal Bank of Canada increased their price target on shares of Bread Financial from $47.00 to $58.00 and gave the stock a "sector perform" rating in a report on Friday, July 26th. Three equities 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 company's stock. Based on data from MarketBeat, Bread Financial presently has a consensus rating of "Hold" and an average price target of $49.64.

Bread Financial Stock Down 1.6 %

BFH stock traded down $0.97 during trading on Friday, hitting $59.07. 679,196 shares of the company's stock were exchanged, compared to its average volume of 856,123. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 9.41 and a beta of 1.94. Bread Financial Holdings, Inc. has a 52-week low of $26.27 and a 52-week high of $63.01. The business has a 50-day moving average price of $51.15 and a two-hundred day moving average price of $47.52. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $1.83 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 firm had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. During the same quarter last year, the business posted $3.46 EPS. The firm's revenue was down 4.7% on a year-over-year basis. As a group, equities research analysts expect that Bread Financial Holdings, Inc. will post 7.59 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.42%. Bread Financial's dividend payout ratio is presently 13.38%.

Insiders Place Their Bets

In other Bread Financial news, Director John J. Fawcett acquired 1,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average cost of $51.02 per share, with a total value of $51,020.00. Following the purchase, the director now owns 6,473 shares in the company, valued at approximately $330,252.46. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.62% of the stock is owned by company insiders.

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.