Quest Partners LLC Takes $536,000 Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Quest Partners LLC acquired a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,266 shares of the company’s stock, valued at approximately $536,000.

Several other institutional investors have also recently modified their holdings of BFH. Vanguard Group Inc. increased its position in Bread Financial by 3.8% during the first quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock worth $217,766,000 after buying an additional 216,274 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Bread Financial by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company’s stock worth $141,386,000 after purchasing an additional 70,092 shares in the last quarter. Millennium Management LLC raised its stake in Bread Financial by 81.6% in the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock valued at $65,245,000 after purchasing an additional 657,968 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Bread Financial by 6.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,249,669 shares of the company’s stock valued at $55,685,000 after purchasing an additional 71,777 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Bread Financial by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock worth $51,754,000 after purchasing an additional 212,276 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of Bread Financial stock in a transaction on Monday, October 28th. The stock was purchased at an average cost 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. The trade was a 18.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.62% of the stock is currently owned by corporate insiders.

Bread Financial Stock Up 2.2 %

NYSE:BFH opened at $58.07 on Friday. The stock has a 50 day moving average of $52.11 and a 200-day moving average of $48.89. Bread Financial Holdings, Inc. has a 52 week low of $26.58 and a 52 week high of $63.01. The firm has a market capitalization of $2.89 billion, a PE ratio of 9.25 and a beta of 1.94. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS 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 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 quarter last year, the firm posted $3.46 earnings per share. Analysts predict that Bread Financial Holdings, Inc. will post 7.67 EPS for the current year.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial’s payout ratio is 13.38%.

Analyst Ratings Changes

BFH has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research report on Tuesday, November 19th. Bank of America reduced their price target 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. TD Cowen lifted their price objective on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Barclays reduced their target price on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted 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. Three 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $50.00.

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.