57,000 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Acquired by Hennessy Advisors Inc.

Hennessy Advisors Inc. acquired a new stake in Bread Financial Holdings, Inc. (NYSE:BFH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 57,000 shares of the company’s stock, valued at approximately $3,480,000. Hennessy Advisors Inc. owned approximately 0.11% of Bread Financial as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BFH. Range Financial Group LLC purchased a new position in shares of Bread Financial in the fourth quarter worth about $406,000. Diversified Trust Co acquired a new stake in Bread Financial in the 4th quarter valued at about $209,000. DGS Capital Management LLC lifted its stake in Bread Financial by 11.8% in the 3rd quarter. DGS Capital Management LLC now owns 10,443 shares of the company’s stock worth $497,000 after purchasing an additional 1,102 shares in the last quarter. World Investment Advisors LLC purchased a new position in Bread Financial in the 3rd quarter worth approximately $810,000. Finally, Virtu Financial LLC acquired a new position in shares of Bread Financial during the 3rd quarter worth approximately $1,004,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Price Performance

BFH stock opened at $61.61 on Friday. The business’s fifty day moving average price is $60.73 and its 200 day moving average price is $54.42. Bread Financial Holdings, Inc. has a 12-month low of $28.00 and a 12-month high of $66.71. 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 market capitalization of $3.06 billion, a PE ratio of 9.81 and a beta of 1.94.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The business had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $981.26 million. During the same quarter last year, the company earned $3.46 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 7.62 EPS for the current year.

Bread Financial Dividend Announcement

The firm also recently announced 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 was Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.36%. Bread Financial’s dividend payout ratio (DPR) is presently 13.38%.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett purchased 1,000 shares of Bread Financial stock in a transaction on Monday, October 28th. The shares were bought at an average price of $51.02 per share, with a total value of $51,020.00. Following the transaction, the director now directly owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. This trade represents a 18.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BFH has been the subject of several recent research reports. 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 report on Wednesday, September 25th. Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. 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 report on Friday, October 25th. Keefe, Bruyette & Woods lifted their target price on shares of Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, The Goldman Sachs Group boosted their target price on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $55.14.

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.