World Investment Advisors LLC Makes New $810,000 Investment in Bread Financial Holdings, Inc. (NYSE:BFH)

World Investment Advisors LLC purchased a new stake in Bread Financial Holdings, Inc. (NYSE:BFH) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 17,034 shares of the company’s stock, valued at approximately $810,000.

A number of other large investors also recently made changes to their positions in the business. Millennium Management LLC grew its holdings in Bread Financial by 81.6% in the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock valued at $65,245,000 after purchasing an additional 657,968 shares during the period. Point72 Asset Management L.P. grew its stake in shares of 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 buying an additional 390,413 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of Bread Financial by 30.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company’s stock worth $53,353,000 after buying an additional 260,283 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Bread Financial by 38.2% in the 3rd quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock worth $41,910,000 after buying an additional 243,419 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Bread Financial by 22.4% in the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock worth $51,754,000 after buying an additional 212,276 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BFH. JPMorgan Chase & Co. boosted their price target on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group boosted their target price on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods raised their price target on shares of Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Evercore ISI boosted their price objective on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research note 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 for the company in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Bread Financial presently has a consensus rating of “Hold” and an average target price of $53.54.

Bread Financial Price Performance

BFH opened at $66.32 on Tuesday. Bread Financial Holdings, Inc. has a twelve month low of $28.00 and a twelve month high of $66.71. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 10.56 and a beta of 1.96. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $55.98 and a 200 day simple moving average of $51.16.

Bread Financial (NYSE:BFH) last announced 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). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The business had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. During the same quarter in the prior year, the business earned $3.46 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. Equities research analysts expect that Bread Financial Holdings, Inc. will post 7.5 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 8th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.27%. Bread Financial’s dividend payout ratio is presently 13.38%.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the completion of 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 transaction was disclosed in a legal 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.