Point72 DIFC Ltd Raises Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Point72 DIFC Ltd increased its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 823.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,898 shares of the company’s stock after buying an additional 14,177 shares during the quarter. Point72 DIFC Ltd’s holdings in Bread Financial were worth $756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Bread Financial by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company’s stock worth $141,386,000 after acquiring an additional 70,092 shares during the last quarter. American Century Companies Inc. grew its position in 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. Point72 Asset Management L.P. increased its stake in Bread Financial by 152.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock valued at $28,772,000 after purchasing an additional 390,413 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Bread Financial in the third quarter worth $576,000. Finally, Natixis Advisors LLC acquired a new stake in shares of Bread Financial during the second quarter worth $582,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Trading Up 1.4 %

Shares of Bread Financial stock opened at $61.96 on Friday. The firm has a 50-day simple moving average of $53.84 and a two-hundred day simple moving average of $50.06. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. Bread Financial Holdings, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $63.01. The company has a market cap of $3.08 billion, a P/E ratio of 9.87 and a beta of 1.96.

Bread Financial (NYSE:BFH) last released 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). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The business had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. During the same period in the previous year, the company posted $3.46 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities analysts predict that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be given a dividend of $0.21 per share. 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 1.36%. Bread Financial’s dividend payout ratio (DPR) is 13.38%.

Analysts Set New Price Targets

Several research firms recently issued reports on BFH. Bank of America cut their target price on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. JPMorgan Chase & Co. raised their price objective on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group upped their target price on Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research report on Tuesday, November 19th. Evercore ISI raised their price target on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, Barclays dropped their price objective on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a report on Friday, October 25th. Three 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $50.00.

Insider Activity at Bread Financial

In other news, Director John J. Fawcett acquired 1,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was bought at an average cost 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. This represents a 18.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.62% of the stock is owned by corporate insiders.

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.