Insider Buying: Bread Financial Holdings, Inc. (NYSE:BFH) Director Purchases $51,020.00 in Stock

Bread Financial Holdings, Inc. (NYSE:BFH) Director John J. Fawcett acquired 1,000 shares of Bread Financial stock in a transaction dated Monday, October 28th. The stock was bought at an average price of $51.02 per share, with a total value of $51,020.00. Following the completion of the purchase, the director now directly owns 6,473 shares in the company, valued at $330,252.46. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Bread Financial Stock Up 1.8 %

BFH opened at $50.75 on Friday. The firm has a 50-day simple moving average of $51.31 and a two-hundred day simple moving average of $46.59. Bread Financial Holdings, Inc. has a 52 week low of $26.27 and a 52 week high of $59.66. The company has a market capitalization of $2.52 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 0.17 and a beta of 1.94. The company has a quick ratio of 1.19, a current ratio of 1.17 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.83 EPS 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 company had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. During the same period last year, the company earned $3.46 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts forecast that Bread Financial Holdings, Inc. will post 7.59 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, November 8th. Bread Financial’s payout ratio is 13.38%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Bread Financial by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock valued at $217,766,000 after acquiring an additional 216,274 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bread Financial by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company’s stock valued at $141,386,000 after acquiring an additional 70,092 shares during the last quarter. Millennium Management LLC raised its position in Bread Financial by 81.6% in the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock worth $65,245,000 after purchasing an additional 657,968 shares during the period. Victory Capital Management Inc. raised its position in Bread Financial by 6.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,249,669 shares of the company’s stock worth $55,685,000 after purchasing an additional 71,777 shares during the period. Finally, American Century Companies Inc. raised its position in 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 purchasing an additional 212,276 shares during the period. Institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on BFH. The Goldman Sachs Group upped their price objective on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. Jefferies Financial Group upped their price objective on Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, July 9th. Bank of America cut their price target 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. JPMorgan Chase & Co. increased their price target on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Finally, TD Cowen increased their price target on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $49.64.

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.