SG Americas Securities LLC Invests $363,000 in Bread Financial Holdings, Inc. (NYSE:BFH)

SG Americas Securities LLC acquired a new stake in Bread Financial Holdings, Inc. (NYSE:BFH) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,623 shares of the company’s stock, valued at approximately $363,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Point72 DIFC Ltd lifted its position in shares of Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after buying an additional 397 shares during the last quarter. Algert Global LLC lifted its holdings in Bread Financial by 12.2% during the second quarter. Algert Global LLC now owns 20,486 shares of the company’s stock valued at $913,000 after purchasing an additional 2,226 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in Bread Financial by 2.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 66,759 shares of the company’s stock valued at $2,975,000 after purchasing an additional 1,422 shares during the last quarter. Mackenzie Financial Corp bought a new position in Bread Financial during the second quarter worth about $533,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Bread Financial by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 27,252 shares of the company’s stock worth $1,214,000 after purchasing an additional 1,276 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Evercore ISI cut their price objective on shares of Bread Financial from $59.00 to $52.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Royal Bank of Canada increased their target price 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. Bank of America reduced their price target on 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 dropped their price objective on Bread Financial from $37.00 to $35.00 and set an “underweight” rating on the stock in a report on Tuesday, October 8th. Finally, TD Cowen lifted their target price on Bread Financial from $44.00 to $57.00 and gave the company a “hold” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $50.07.

Bread Financial Trading Down 3.2 %

Shares of Bread Financial stock opened at $51.13 on Friday. The company has a 50 day simple moving average of $51.85 and a two-hundred day simple moving average of $45.65. The firm has a market cap of $2.54 billion, a PE ratio of 6.44, a PEG ratio of 0.17 and a beta of 1.94. Bread Financial Holdings, Inc. has a 1 year low of $26.08 and a 1 year high of $59.66. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $1.06. The company had revenue of $939.00 million during the quarter, compared to analyst estimates of $922.01 million. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 earnings per share. Analysts expect that Bread Financial Holdings, Inc. will post 7.44 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were given a dividend of $0.21 per share. The ex-dividend date was Friday, August 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.64%. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

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.