28,373 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 28,373 shares of the company's stock, valued at approximately $1,350,000. Y Intercept Hong Kong Ltd owned approximately 0.06% of Bread Financial at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BFH. Dimensional Fund Advisors LP increased its stake in shares of Bread Financial by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company's stock valued at $141,386,000 after buying an additional 70,092 shares during the period. State Street Corp increased its position in Bread Financial by 2.1% in the third quarter. State Street Corp now owns 2,034,554 shares of the company's stock worth $96,804,000 after purchasing an additional 41,012 shares during the period. Millennium Management LLC increased its position in Bread Financial by 81.6% in the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company's stock worth $65,245,000 after purchasing an additional 657,968 shares during the period. Victory Capital Management Inc. raised its holdings in Bread Financial by 6.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,249,669 shares of the company's stock worth $55,685,000 after purchasing an additional 71,777 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Bread Financial by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company's stock valued at $51,754,000 after purchasing an additional 212,276 shares during the period. Institutional investors own 99.52% of the company's stock.

Bread Financial Stock Down 0.5 %

BFH traded down $0.33 during trading on Thursday, reaching $66.02. The company had a trading volume of 886,714 shares, compared to its average volume of 839,976. 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 12 month low of $28.00 and a 12 month high of $66.71. The business's fifty day moving average price is $55.26 and its 200 day moving average price is $50.75. The company has a market cap of $3.28 billion, a P/E ratio of 10.56 and a beta of 1.96.

Bread Financial (NYSE:BFH - Get Free Report) last announced 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). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The company had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. During the same period in the previous year, the firm posted $3.46 EPS. The business's quarterly revenue was down 4.7% compared to the same quarter last year. Equities analysts anticipate that Bread Financial Holdings, Inc. will post 7.49 EPS for the current year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial's payout ratio is currently 13.38%.

Analysts Set New Price Targets

BFH has been the subject of several analyst reports. TD Cowen lifted 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. Bank of America dropped 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 report on Wednesday, September 25th. Barclays decreased their price objective on Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a research note on Friday, October 25th. Keefe, Bruyette & Woods increased their target price on Bread Financial from $67.00 to $88.00 and gave the company an "outperform" rating in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their target price on Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. Three investment 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. Based on data from MarketBeat, Bread Financial currently has an average rating of "Hold" and an average target price of $51.50.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett purchased 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, with a total value of $51,020.00. Following the completion of the purchase, the director now 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company's stock.

Bread Financial Company 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.