Bread Financial Holdings, Inc. (NYSE:BFH) Shares Acquired by State Street Corp

State Street Corp raised its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,034,554 shares of the company's stock after buying an additional 41,012 shares during the quarter. State Street Corp owned about 4.09% of Bread Financial worth $96,804,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its position in Bread Financial by 33.5% during the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock worth $49,000 after buying an additional 260 shares in the last quarter. CWM LLC raised its holdings in shares of Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company's stock worth $76,000 after acquiring an additional 550 shares during the period. Point72 DIFC Ltd boosted its position in shares of Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock valued at $77,000 after acquiring an additional 397 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Bread Financial by 70.3% in the second quarter. National Bank of Canada FI now owns 1,938 shares of the company's stock valued at $88,000 after purchasing an additional 800 shares during the period. Finally, Headlands Technologies LLC increased its position in Bread Financial by 164.0% during the second quarter. Headlands Technologies LLC now owns 2,355 shares of the company's stock worth $105,000 after purchasing an additional 1,463 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on BFH. Barclays decreased their target price 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. The Goldman Sachs Group increased their price objective on Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their target price on Bread Financial from $48.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, August 20th. Bank of America lowered their price target on Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a report on Wednesday, September 25th. Finally, TD Cowen boosted their price objective on shares of Bread Financial from $48.00 to $50.00 and gave the company a "hold" rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Bread Financial presently has a consensus rating of "Hold" and a consensus target price of $53.54.

Insiders Place Their Bets

In other news, Director John J. Fawcett purchased 1,000 shares of the stock in a transaction on Monday, October 28th. The stock was bought at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the acquisition, the director now directly owns 6,473 shares of the company's stock, valued at approximately $330,252.46. The trade was a 18.27 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.62% of the stock is owned by company insiders.

Bread Financial Stock Down 1.8 %

Shares of NYSE BFH traded down $1.19 during midday trading on Tuesday, hitting $65.15. The company's stock had a trading volume of 733,363 shares, compared to its average volume of 838,738. Bread Financial Holdings, Inc. has a 1 year low of $28.00 and a 1 year high of $66.71. The business's fifty day simple moving average is $56.34 and its two-hundred day simple moving average is $51.34. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 10.33 and a beta of 1.96. 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 (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 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 business 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 business earned $3.46 EPS. The business's quarterly revenue was down 4.7% on a year-over-year basis. On average, equities analysts predict that Bread Financial Holdings, Inc. will post 7.5 EPS for the current year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 8th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.29%. Bread Financial's dividend payout ratio (DPR) 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.