Versor Investments LP Takes Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Versor Investments LP purchased a new position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,600 shares of the company's stock, valued at approximately $695,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Headlands Technologies LLC acquired a new position in shares of Bread Financial during the 1st quarter valued at $33,000. GAMMA Investing LLC grew its holdings 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 acquiring an additional 260 shares during the period. CWM LLC lifted its holdings in Bread Financial by 47.5% in the 2nd quarter. CWM LLC now owns 1,708 shares of the company's stock valued at $76,000 after acquiring an additional 550 shares during the last quarter. Point72 DIFC Ltd lifted its holdings in Bread Financial by 30.0% in 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. Finally, National Bank of Canada FI boosted its position in shares of Bread Financial by 70.3% during the 2nd 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 in the last quarter. Institutional investors own 99.52% of the company's stock.

Insiders Place Their Bets

In other news, Director John J. Fawcett acquired 1,000 shares of the firm's stock in a transaction dated Monday, October 28th. The stock was bought at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the transaction, the director now directly owns 6,473 shares in the company, valued at $330,252.46. This represents a 18.27 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.62% of the company's stock.

Bread Financial Stock Performance

Shares of BFH stock traded up $0.41 during midday trading on Thursday, hitting $56.70. 664,223 shares of the company were exchanged, compared to its average volume of 854,071. The firm's 50 day moving average price is $51.19 and its two-hundred day moving average price is $48.06. 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 firm has a market capitalization of $2.82 billion, a P/E ratio of 8.99 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.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.86 by ($0.03). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The firm had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. During the same period in the prior year, the company earned $3.46 earnings per share. The business's quarterly revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Bread Financial Holdings, Inc. will post 7.63 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.48%. Bread Financial's payout ratio is 13.38%.

Analyst Upgrades and Downgrades

BFH has been the topic of several recent research reports. Evercore ISI lifted their price target 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. Barclays reduced their price target on Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a report on Friday, October 25th. The Goldman Sachs Group increased their target price on shares of Bread Financial from $40.00 to $53.00 and gave the stock a "sell" rating in a research report on Monday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. Finally, Compass Point raised their target price on Bread Financial from $54.00 to $60.00 and gave the company a "buy" rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Bread Financial presently has a consensus rating of "Hold" and an average price target of $49.64.

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.