18,707 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,707 shares of the company’s stock, valued at approximately $890,000.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in Bread Financial during the 1st quarter worth $1,546,000. UniSuper Management Pty Ltd acquired a new stake in Bread Financial during the 1st quarter worth $383,000. Sei Investments Co. boosted its stake in Bread Financial by 58.5% during the 1st quarter. Sei Investments Co. now owns 84,317 shares of the company’s stock worth $3,140,000 after purchasing an additional 31,122 shares during the period. Dimensional Fund Advisors LP lifted its stake 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 worth $141,386,000 after acquiring an additional 70,092 shares during the period. Finally, American Century Companies Inc. lifted its stake 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 acquiring an additional 212,276 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Stock Performance

NYSE:BFH opened at $58.50 on Friday. 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 firm has a 50-day moving average price of $51.25 and a two-hundred day moving average price of $48.26. Bread Financial Holdings, Inc. has a twelve month low of $26.27 and a twelve month high of $63.01. The company has a market capitalization of $2.91 billion, a P/E ratio of 9.32 and a beta of 1.94.

Bread Financial (NYSE:BFH) last posted 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 business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.46 earnings per share. As a group, research analysts expect that Bread Financial Holdings, Inc. will post 7.63 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.44%. Bread Financial’s dividend payout ratio (DPR) is presently 13.38%.

Insider Transactions at Bread Financial

In other news, Director John J. Fawcett purchased 1,000 shares of the stock in a transaction dated Monday, October 28th. The stock was acquired at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the acquisition, the director now directly owns 6,473 shares in the company, valued at $330,252.46. This represents a 18.27 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BFH shares. Barclays reduced their target price on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their target price on shares of Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Royal Bank of Canada raised their target price on shares of Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Bank of America reduced their target price on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Finally, Compass Point increased their price target on shares of Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Three research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.64.

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.