Bread Financial Holdings, Inc. (NYSE:BFH) Shares Acquired by DGS Capital Management LLC

DGS Capital Management LLC increased its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 11.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,443 shares of the company’s stock after acquiring an additional 1,102 shares during the quarter. DGS Capital Management LLC’s holdings in Bread Financial were worth $497,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. World Investment Advisors LLC acquired a new stake in shares of Bread Financial during the third quarter worth about $810,000. Virtu Financial LLC purchased a new position in Bread Financial during the 3rd quarter worth approximately $1,004,000. Geode Capital Management LLC increased its position in Bread Financial by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company’s stock worth $55,012,000 after buying an additional 13,459 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Bread Financial in the third quarter valued at approximately $1,350,000. Finally, XTX Topco Ltd grew its position in shares of Bread Financial by 94.1% during the third quarter. XTX Topco Ltd now owns 35,190 shares of the company’s stock worth $1,674,000 after acquiring an additional 17,057 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on BFH shares. Bank of America decreased their price target 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. TD Cowen raised their price target on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Evercore ISI boosted their price target on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their price objective on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $53.54.

Insiders Place Their Bets

In other news, Director John J. Fawcett purchased 1,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the acquisition, the director now owns 6,473 shares in the company, valued at approximately $330,252.46. This trade represents a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by insiders.

Bread Financial Stock Performance

Bread Financial stock opened at $65.27 on Friday. Bread Financial Holdings, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $66.71. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 10.39 and a beta of 1.96. The stock has a fifty day moving average of $55.98 and a two-hundred day moving average of $51.02. 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 (NYSE:BFH) last posted its quarterly earnings data 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). The firm had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.46 EPS. On average, analysts anticipate 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. Stockholders of record on Friday, November 8th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, November 8th. Bread Financial’s dividend payout ratio (DPR) is 13.38%.

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.