Segall Bryant & Hamill LLC Takes $2.71 Million Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Segall Bryant & Hamill LLC bought a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 56,975 shares of the company's stock, valued at approximately $2,711,000. Segall Bryant & Hamill LLC owned approximately 0.11% of Bread Financial at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BFH. SG Americas Securities LLC purchased a new stake in shares of Bread Financial in the 1st quarter worth about $152,000. Russell Investments Group Ltd. lifted its holdings in Bread Financial by 3.4% in the 1st quarter. Russell Investments Group Ltd. now owns 22,087 shares of the company's stock worth $823,000 after buying an additional 722 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of Bread Financial by 7.4% in the first quarter. ProShare Advisors LLC now owns 10,011 shares of the company's stock worth $373,000 after acquiring an additional 688 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Bread Financial by 21.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 26,966 shares of the company's stock worth $987,000 after purchasing an additional 4,692 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Bread Financial by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company's stock valued at $217,766,000 after purchasing an additional 216,274 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Bread Financial Trading Up 2.2 %

Shares of BFH stock traded up $1.27 during trading hours on Friday, reaching $58.07. 542,993 shares of the stock traded hands, compared to its average volume of 768,513. The firm has a market capitalization of $2.89 billion, a PE ratio of 9.25 and a beta of 1.94. 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 business has a fifty day moving average price of $52.11 and a 200 day moving average price of $48.89. Bread Financial Holdings, Inc. has a 1-year low of $26.58 and a 1-year high of $63.01.

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). The company had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The firm's revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.46 earnings per share. On average, equities research analysts forecast that Bread Financial Holdings, Inc. will post 7.67 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.45%. Bread Financial's payout ratio is 13.38%.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett purchased 1,000 shares of Bread Financial stock in a transaction on 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 acquisition, the director now directly 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 SEC, which is accessible through this link. Insiders own 0.62% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on BFH. Compass Point boosted their target price on shares of Bread Financial from $54.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Bank of America reduced their target price on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a research note on Wednesday, September 25th. Evercore ISI raised their price target on shares of Bread Financial from $52.00 to $54.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. TD Cowen lifted their target price on Bread Financial from $48.00 to $50.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. increased their target price 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. 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. According to data from MarketBeat.com, Bread Financial presently has an average rating of "Hold" and an average price target of $50.00.

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.