Factorial Partners LLC Purchases 15,000 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Factorial Partners LLC boosted its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 78.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,000 shares of the company’s stock after purchasing an additional 15,000 shares during the quarter. Factorial Partners LLC’s holdings in Bread Financial were worth $1,618,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BFH. GAMMA Investing LLC grew its stake in shares of Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after acquiring an additional 260 shares in the last quarter. Pallas Capital Advisors LLC grew its position in shares of Bread Financial by 6.2% during the 3rd quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock worth $239,000 after purchasing an additional 278 shares in the last quarter. Arizona State Retirement System grew its position in shares of Bread Financial by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock worth $617,000 after purchasing an additional 279 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Bread Financial by 2.8% during the third quarter. Natixis Advisors LLC now owns 13,421 shares of the company’s stock worth $639,000 after purchasing an additional 369 shares during the period. Finally, Point72 DIFC Ltd raised its position 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 valued at $77,000 after buying an additional 397 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Bread Financial Trading Down 0.1 %

Shares of BFH stock opened at $57.59 on Wednesday. Bread Financial Holdings, Inc. has a fifty-two week low of $26.58 and a fifty-two week high of $63.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a 50 day simple moving average of $51.32 and a two-hundred day simple moving average of $48.53. The company has a market cap of $2.86 billion, a P/E ratio of 9.17 and a beta of 1.94.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate 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 business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.46 EPS. Research analysts forecast that Bread Financial Holdings, Inc. will post 7.63 earnings per share for the current 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 paid a $0.21 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.46%. Bread Financial’s dividend payout ratio is presently 13.38%.

Analyst Ratings Changes

Several equities analysts have weighed in on BFH shares. Evercore ISI lifted 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. Royal Bank of Canada raised their price target on Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Barclays cut their target price 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. 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 report on Tuesday. Finally, JPMorgan Chase & Co. raised their price objective on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Bread Financial 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 Bread Financial stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average price of $51.02 per share, with a total value of $51,020.00. Following the transaction, the director now owns 6,473 shares in the company, valued at $330,252.46. This trade represents a 18.27 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

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.