Virtu Financial LLC Buys New Shares in Bread Financial Holdings, Inc. (NYSE:BFH)

Virtu Financial LLC purchased a new position in Bread Financial Holdings, Inc. (NYSE:BFH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,105 shares of the company’s stock, valued at approximately $1,004,000.

Several other institutional investors also recently modified their holdings of BFH. Geode Capital Management LLC grew its holdings in shares of Bread Financial by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company’s stock worth $55,012,000 after acquiring an additional 13,459 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Bread Financial in the 3rd quarter worth about $1,350,000. XTX Topco Ltd raised its holdings in Bread Financial by 94.1% during the 3rd quarter. XTX Topco Ltd now owns 35,190 shares of the company’s stock worth $1,674,000 after buying an additional 17,057 shares during the period. State Street Corp raised its holdings in Bread Financial by 2.1% during the 3rd quarter. State Street Corp now owns 2,034,554 shares of the company’s stock worth $96,804,000 after buying an additional 41,012 shares during the period. Finally, Quadrature Capital Ltd lifted its stake in Bread Financial by 99.6% during the third quarter. Quadrature Capital Ltd now owns 17,574 shares of the company’s stock valued at $836,000 after buying an additional 8,768 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Insiders Place Their Bets

In related news, Director John J. Fawcett acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the purchase, the director now owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. The trade was a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

Bread Financial Trading Down 1.1 %

NYSE:BFH opened at $65.27 on Friday. The company has a market capitalization of $3.25 billion, a P/E ratio of 10.39 and a beta of 1.96. The stock’s 50 day moving average price is $55.98 and its 200 day moving average price is $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 Holdings, Inc. has a 52 week low of $28.00 and a 52 week high of $66.71.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $981.26 million. During the same quarter last year, the company earned $3.46 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, research analysts forecast that Bread Financial Holdings, Inc. will post 7.5 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The business 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 annualized dividend and a yield of 1.29%. Bread Financial’s dividend payout ratio (DPR) is currently 13.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BFH shares. Evercore ISI boosted their price target on shares of Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. Barclays reduced their target price on 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 upped their price target on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Bank of America reduced their price objective 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $53.54.

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.