GSA Capital Partners LLP Grows Position in Bread Financial Holdings, Inc. (NYSE:BFH)

GSA Capital Partners LLP increased its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 23.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,431 shares of the company’s stock after buying an additional 2,193 shares during the quarter. GSA Capital Partners LLP’s holdings in Bread Financial were worth $544,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in Bread Financial during the 1st quarter worth approximately $1,546,000. UniSuper Management Pty Ltd purchased a new position in shares of Bread Financial in the 1st quarter valued at approximately $383,000. Sei Investments Co. grew its stake in shares of Bread Financial by 58.5% in the 1st quarter. Sei Investments Co. now owns 84,317 shares of the company’s stock valued at $3,140,000 after purchasing an additional 31,122 shares during the last quarter. Dimensional Fund Advisors LP grew 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 valued at $141,386,000 after purchasing an additional 70,092 shares during the last quarter. Finally, American Century Companies Inc. grew 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 valued at $51,754,000 after purchasing an additional 212,276 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on BFH. TD Cowen lifted their target price on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Barclays lowered their target price on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, October 25th. The Goldman Sachs Group lifted their target price on Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note on Tuesday. Royal Bank of Canada raised their price target on Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Finally, Compass Point raised 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. Three equities 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $50.00.

Bread Financial Stock Performance

NYSE BFH opened at $57.59 on Wednesday. Bread Financial Holdings, Inc. has a fifty-two week low of $26.58 and a fifty-two week high of $63.01. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 9.17 and a beta of 1.94. The business has a fifty day moving average of $51.32 and a 200-day moving average of $48.53. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last released its quarterly earnings results 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). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The company had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. During the same period last year, the firm earned $3.46 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. As a group, analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, November 8th. Bread Financial’s dividend payout ratio is currently 13.38%.

Insider Activity

In other Bread Financial news, Director John J. Fawcett acquired 1,000 shares of the stock in a transaction dated Monday, October 28th. The stock was acquired at an average price of $51.02 per share, with a total value of $51,020.00. Following the completion of the transaction, the director now directly 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.62% of the company’s stock.

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.