Exchange Traded Concepts LLC Raises Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Exchange Traded Concepts LLC increased its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,876 shares of the company’s stock after buying an additional 2,995 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Bread Financial were worth $5,183,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its position in Bread Financial by 2.1% during the 3rd quarter. State Street Corp now owns 2,034,554 shares of the company’s stock valued at $96,804,000 after acquiring an additional 41,012 shares during the period. Millennium Management LLC boosted its position in shares of Bread Financial by 81.6% in the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock worth $65,245,000 after purchasing an additional 657,968 shares in the last quarter. Geode Capital Management LLC grew its stake 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 buying an additional 13,459 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Bread Financial by 30.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company’s stock worth $53,353,000 after acquiring an additional 260,283 shares during the last quarter. Finally, Pzena Investment Management LLC increased its holdings in shares of Bread Financial by 38.2% during the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock valued at $41,910,000 after acquiring an additional 243,419 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, Director John J. Fawcett acquired 1,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was purchased at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the transaction, the director now owns 6,473 shares in the company, valued at $330,252.46. This trade represents a 18.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

BFH has been the topic of several analyst reports. Compass Point upped their target price on shares of Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays lowered their price objective 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. The Goldman Sachs Group lifted their target price on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods increased their price objective 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, Evercore ISI boosted their target price on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $57.07.

Bread Financial Stock Down 0.7 %

Shares of Bread Financial stock opened at $64.38 on Friday. 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 business has a 50-day moving average of $61.33 and a 200-day moving average of $55.07. Bread Financial Holdings, Inc. has a 1-year low of $28.00 and a 1-year high of $66.71. The company has a market capitalization of $3.20 billion, a PE ratio of 10.25 and a beta of 1.94.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.03). The company had revenue of $983.00 million during the quarter, compared to the consensus estimate 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 was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned $3.46 earnings per share. As a group, equities analysts forecast that Bread Financial Holdings, Inc. will post 7.64 EPS for the current fiscal year.

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.