6,642 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Purchased by Range Financial Group LLC

Range Financial Group LLC acquired a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,642 shares of the company’s stock, valued at approximately $406,000.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Bread Financial by 33.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after buying an additional 260 shares in the last quarter. Point72 DIFC Ltd boosted its holdings in shares of Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after acquiring an additional 397 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Bread Financial by 70.3% in the second quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after acquiring an additional 800 shares during the period. Headlands Technologies LLC raised its holdings in shares of Bread Financial by 164.0% during the second quarter. Headlands Technologies LLC now owns 2,355 shares of the company’s stock valued at $105,000 after purchasing an additional 1,463 shares during the last quarter. Finally, CWM LLC lifted its position in Bread Financial by 43.7% during the third quarter. CWM LLC now owns 2,455 shares of the company’s stock valued at $117,000 after purchasing an additional 747 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were purchased at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the transaction, the director now owns 6,473 shares of the company’s stock, valued at $330,252.46. This represents a 18.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is owned by company insiders.

Bread Financial Trading Down 3.5 %

Bread Financial stock opened at $59.61 on Wednesday. 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’s 50 day moving average price is $59.76 and its 200-day moving average price is $53.58. Bread Financial Holdings, Inc. has a 1 year low of $28.00 and a 1 year high of $66.71. The stock has a market cap of $2.96 billion, a P/E ratio of 9.49 and a beta of 1.94.

Bread Financial (NYSE:BFH) last issued 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 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 company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.46 EPS. On average, equities analysts predict that Bread Financial Holdings, Inc. will post 7.5 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 8th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, November 8th. Bread Financial’s payout ratio is 13.38%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BFH. 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 report on Monday, December 9th. Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $35.00 to $76.00 in a research report on Thursday, December 19th. Barclays dropped their target price on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, October 25th. TD Cowen upped their price target on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Evercore ISI raised their price objective on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.