Versor Investments LP Makes New $695,000 Investment in Bread Financial Holdings, Inc. (NYSE:BFH)

Versor Investments LP bought a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,600 shares of the company’s stock, valued at approximately $695,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Bread Financial during the first quarter valued at approximately $33,000. GAMMA Investing LLC raised its holdings in Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after buying an additional 260 shares during the last quarter. CWM LLC increased its position in shares of Bread Financial by 47.5% during the second quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after acquiring an additional 550 shares in the last quarter. Point72 DIFC Ltd raised its holdings in Bread Financial by 30.0% in the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after acquiring an additional 397 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Bread Financial by 70.3% in the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock valued at $88,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Insider Activity at Bread Financial

In other news, Director John J. Fawcett acquired 1,000 shares of the company’s stock in a transaction on 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 completion of the purchase, the director now directly owns 6,473 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is owned by insiders.

Bread Financial Stock Performance

Shares of NYSE BFH opened at $56.31 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a fifty day moving average price of $51.19 and a 200-day moving average price of $48.06. The stock has a market cap of $2.80 billion, a PE ratio of 8.97 and a beta of 1.94. Bread Financial Holdings, Inc. has a 1 year low of $26.27 and a 1 year high of $63.01.

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 company 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% on a year-over-year basis. During the same period in the previous year, the business posted $3.46 earnings per share. Equities analysts anticipate that Bread Financial Holdings, Inc. will post 7.63 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 paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Friday, November 8th. Bread Financial’s payout ratio is 13.38%.

Analysts Set New Price Targets

BFH has been the subject of a number of research analyst reports. Barclays reduced their target price on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, October 25th. TD Cowen boosted 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. Compass Point increased their price target on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Bank of America cut their price objective on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group increased their target price on Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a report on Monday, July 29th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.