Virtu Financial LLC Takes Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Virtu Financial LLC bought a new position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,105 shares of the company's stock, valued at approximately $1,004,000.

A number of other institutional investors have also recently bought and sold shares of BFH. GAMMA Investing LLC boosted its holdings in shares of Bread Financial by 33.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock valued at $49,000 after purchasing an additional 260 shares during the last quarter. CWM LLC boosted its holdings in Bread Financial by 47.5% in the second 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 grew its position in Bread Financial by 30.0% during the second 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 period. National Bank of Canada FI increased its stake in Bread Financial by 70.3% during the second quarter. National Bank of Canada FI now owns 1,938 shares of the company's stock worth $88,000 after acquiring an additional 800 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Bread Financial by 164.0% in the 2nd 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 period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Bread Financial

In other news, Director John J. Fawcett acquired 1,000 shares of the business's stock in a transaction on Monday, October 28th. The shares were purchased at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the purchase, the director now directly owns 6,473 shares of the company's stock, valued at $330,252.46. This represents a 18.27 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company's stock.

Bread Financial Stock Down 1.1 %

BFH traded down $0.75 on Friday, reaching $65.27. The company's stock had a trading volume of 665,755 shares, compared to its average volume of 839,135. 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 Holdings, Inc. has a 1 year low of $28.00 and a 1 year high of $66.71. The business's 50 day moving average is $55.98 and its 200 day moving average is $51.02. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 10.39 and a beta of 1.96.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The firm's quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.46 EPS. As a group, research analysts forecast that Bread Financial Holdings, Inc. will post 7.5 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 8th were paid a $0.21 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.29%. Bread Financial's dividend payout ratio (DPR) is presently 13.38%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BFH shares. Evercore ISI boosted their target price on Bread Financial from $52.00 to $54.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. Bank of America dropped their price objective on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Barclays cut their target price on shares of Bread Financial from $35.00 to $34.00 and set an "underweight" rating on the stock in a research note on Friday, October 25th. TD Cowen upped their price target on shares of Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. increased 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. Two 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $53.54.

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.