Factorial Partners LLC Has $1.62 Million Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Factorial Partners LLC boosted its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 78.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,000 shares of the company’s stock after purchasing an additional 15,000 shares during the period. Factorial Partners LLC owned 0.07% of Bread Financial worth $1,618,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BFH. Segall Bryant & Hamill LLC bought a new position in shares of Bread Financial in the third quarter valued at about $2,711,000. Prospera Financial Services Inc boosted its stake in Bread Financial by 42.2% in the third quarter. Prospera Financial Services Inc now owns 6,527 shares of the company’s stock valued at $311,000 after acquiring an additional 1,937 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Bread Financial by 139.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 7,226 shares of the company’s stock worth $344,000 after acquiring an additional 4,202 shares during the period. Quest Partners LLC bought a new stake in shares of Bread Financial during the 3rd quarter valued at $536,000. Finally, Natixis Advisors LLC lifted its stake in shares of Bread Financial by 2.8% in the 3rd quarter. Natixis Advisors LLC now owns 13,421 shares of the company’s stock valued at $639,000 after purchasing an additional 369 shares during the period. Institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on BFH. TD Cowen upped their price objective on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a report on Monday, October 28th. Bank of America decreased their price objective on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their price target on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Evercore ISI lifted 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. Finally, Barclays lowered their price target on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, October 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $50.00.

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the purchase, the director now owns 6,473 shares in the company, valued at approximately $330,252.46. The trade was a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.62% of the stock is currently owned by company insiders.

Bread Financial Stock Performance

Shares of BFH opened at $57.59 on Wednesday. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 9.17 and a beta of 1.94. Bread Financial Holdings, Inc. has a 12 month low of $26.58 and a 12 month high of $63.01. The firm has a fifty day simple moving average of $51.32 and a 200 day simple moving average of $48.53. 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 posted 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 during 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 for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.46 earnings per share. Research analysts forecast that Bread Financial Holdings, Inc. will post 7.63 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.46%. Bread Financial’s payout ratio is 13.38%.

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.