Bread Financial Holdings, Inc. (NYSE:BFH) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP grew its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 23.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,431 shares of the company’s stock after purchasing an additional 2,193 shares during the quarter. GSA Capital Partners LLP’s holdings in Bread Financial were worth $544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 260 shares in the last quarter. CWM LLC lifted its stake in shares of Bread Financial by 47.5% in 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 lifted its stake in shares of 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 acquiring an additional 397 shares in the last quarter. National Bank of Canada FI lifted its stake 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 worth $88,000 after acquiring an additional 800 shares in the last quarter. Finally, Headlands Technologies LLC lifted its stake in shares of Bread Financial by 164.0% in the second quarter. Headlands Technologies LLC now owns 2,355 shares of the company’s stock worth $105,000 after acquiring an additional 1,463 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett acquired 1,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. The trade was a 18.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BFH has been the topic of several recent analyst reports. Barclays cut their price target on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada boosted their price target on Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. boosted their price target on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group boosted their price target on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research note on Tuesday. Finally, Bank of America cut their price objective on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.00.

Bread Financial Stock Performance

Shares of BFH stock opened at $57.59 on Wednesday. Bread Financial Holdings, Inc. has a 12-month low of $26.58 and a 12-month high of $63.01. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 9.17 and a beta of 1.94. The business has a 50 day simple moving average of $51.32 and a 200 day simple moving average of $48.53. 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) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). The firm 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 business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.46 earnings per share. On average, equities research analysts anticipate that Bread Financial Holdings, Inc. will post 7.63 EPS for the current year.

Bread Financial Announces Dividend

The company 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 dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial’s payout ratio is currently 13.38%.

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.