Bread Financial Holdings, Inc. (NYSE:BFH) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,421 shares of the company’s stock after buying an additional 369 shares during the quarter. Natixis Advisors LLC’s holdings in Bread Financial were worth $639,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings 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 valued at $49,000 after purchasing an additional 260 shares during the period. CWM LLC increased its stake in Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after buying an additional 550 shares during the period. Point72 DIFC Ltd raised 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 worth $77,000 after buying 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 2nd 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 during the period. Finally, Headlands Technologies LLC increased its stake in shares of Bread Financial by 164.0% during the second quarter. Headlands Technologies LLC now owns 2,355 shares of the company’s stock valued at $105,000 after acquiring an additional 1,463 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BFH has been the subject of a number of research analyst reports. TD Cowen upped their target price on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Evercore ISI upped 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. Bank of America decreased their target price on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. The Goldman Sachs Group lifted their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Three 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.00.

Bread Financial Stock Performance

Shares of Bread Financial stock opened at $57.95 on Thursday. Bread Financial Holdings, Inc. has a 12 month low of $26.58 and a 12 month high of $63.01. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock has a market cap of $2.88 billion, a PE ratio of 9.23 and a beta of 1.94. The business has a fifty day simple moving average of $52.43 and a 200-day simple moving average of $49.27.

Bread Financial (NYSE:BFH) last released its earnings results 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 business had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm earned $3.46 EPS. On average, sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 7.67 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be given 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 yield of 1.45%. Bread Financial’s payout ratio is 13.38%.

Insider Buying and Selling at Bread Financial

In other news, Director John J. Fawcett purchased 1,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was bought at an average cost of $51.02 per share, with a total value of $51,020.00. Following the purchase, the director now directly owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. This trade represents a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.62% of the company’s stock.

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.