Prospera Financial Services Inc Has $311,000 Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Prospera Financial Services Inc lifted its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 42.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,527 shares of the company’s stock after purchasing an additional 1,937 shares during the period. Prospera Financial Services Inc’s holdings in Bread Financial were worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BFH. GAMMA Investing LLC grew its holdings in Bread Financial by 33.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after acquiring an additional 260 shares during the last quarter. Pallas Capital Advisors LLC grew its stake in shares of Bread Financial by 6.2% during the third quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock valued at $239,000 after purchasing an additional 278 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Bread Financial by 2.1% in the second quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock valued at $617,000 after purchasing an additional 279 shares in the last quarter. Natixis Advisors LLC raised its position in Bread Financial by 2.8% in the 3rd quarter. Natixis Advisors LLC now owns 13,421 shares of the company’s stock worth $639,000 after purchasing an additional 369 shares during the last quarter. Finally, Point72 DIFC Ltd lifted its holdings in Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after buying an additional 397 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BFH shares. Bank of America lowered their target price on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Barclays lowered their price objective on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Evercore ISI lifted their price target on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their price objective 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. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.00.

Insider Activity

In other news, Director John J. Fawcett bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average price of $51.02 per share, with a total value of $51,020.00. Following the transaction, the director now owns 6,473 shares in the company, valued at $330,252.46. This represents a 18.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Bread Financial Price Performance

Shares of BFH opened at $58.07 on Monday. The stock has a 50 day simple moving average of $52.11 and a 200 day simple moving average of $48.95. Bread Financial Holdings, Inc. has a 52-week low of $26.58 and a 52-week high of $63.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $2.89 billion, a PE ratio of 9.25 and a beta of 1.94.

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 the consensus estimate of $1.86 by ($0.03). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The company had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. During the same quarter last year, the company earned $3.46 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Sell-side analysts predict that Bread Financial Holdings, Inc. will post 7.67 EPS 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. Shareholders of record on Friday, November 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial’s dividend payout ratio is 13.38%.

Bread Financial Company 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.