World Investment Advisors LLC Makes New Investment in Bread Financial Holdings, Inc. (NYSE:BFH)

World Investment Advisors LLC acquired a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,034 shares of the company's stock, valued at approximately $810,000.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Bread Financial by 33.5% during the 3rd 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 boosted its stake in Bread Financial by 47.5% during the second quarter. CWM LLC now owns 1,708 shares of the company's stock worth $76,000 after acquiring an additional 550 shares in the last quarter. Point72 DIFC Ltd grew its holdings in Bread Financial by 30.0% in the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock worth $77,000 after purchasing an additional 397 shares during the period. National Bank of Canada FI grew its holdings in Bread Financial by 70.3% in the second quarter. National Bank of Canada FI now owns 1,938 shares of the company's stock worth $88,000 after purchasing an additional 800 shares during the period. Finally, Headlands Technologies LLC increased its stake in Bread Financial by 164.0% in the second quarter. Headlands Technologies LLC now owns 2,355 shares of the company's stock valued at $105,000 after purchasing an additional 1,463 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BFH. JPMorgan Chase & Co. raised their target price on Bread Financial from $48.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. Evercore ISI boosted their price objective on Bread Financial from $52.00 to $54.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. TD Cowen increased their target price on Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Bank of America decreased their price target 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. Finally, Barclays dropped their price objective 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. 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $53.54.

Insider Activity

In other Bread Financial news, Director John J. Fawcett acquired 1,000 shares of the business's stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average cost of $51.02 per share, with a total value of $51,020.00. Following the acquisition, the director now owns 6,473 shares in the company, valued at approximately $330,252.46. This represents a 18.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.62% of the company's stock.

Bread Financial Stock Performance

Shares of NYSE:BFH traded down $1.23 during midday trading on Tuesday, reaching $65.11. The company had a trading volume of 727,423 shares, compared to its average volume of 838,725. Bread Financial Holdings, Inc. has a 52-week low of $28.00 and a 52-week high of $66.71. The company's 50 day moving average price is $56.34 and its 200 day moving average price is $51.34. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock has a market cap of $3.24 billion, a P/E ratio of 10.33 and a beta of 1.96.

Bread Financial (NYSE:BFH - Get Free Report) last released its 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 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 prior year, the company earned $3.46 earnings per share. As a group, sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 7.5 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders 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 annualized dividend and a dividend yield of 1.29%. Bread Financial's payout ratio is presently 13.38%.

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.