Dynamic Technology Lab Private Ltd Invests $3.09 Million in Bread Financial Holdings, Inc. (NYSE:BFH)

Dynamic Technology Lab Private Ltd bought a new stake in Bread Financial Holdings, Inc. (NYSE:BFH) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 64,934 shares of the company’s stock, valued at approximately $3,090,000. Dynamic Technology Lab Private Ltd owned about 0.13% of Bread Financial at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BFH. GAMMA Investing LLC lifted its stake in shares of Bread Financial by 33.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after purchasing an additional 260 shares in the last quarter. CWM LLC grew its stake in Bread Financial by 47.5% during the second quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after buying an additional 550 shares during the period. Point72 DIFC Ltd grew its stake in Bread Financial by 30.0% during the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after buying an additional 397 shares during the period. National Bank of Canada FI increased its position 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 in the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of Bread Financial by 164.0% in the 2nd quarter. Headlands Technologies LLC now owns 2,355 shares of the company’s stock valued at $105,000 after acquiring an additional 1,463 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Insider Buying and Selling

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of Bread Financial stock in a transaction on Monday, October 28th. The stock was bought 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 of the company’s stock, valued at $330,252.46. The trade was a 18.27 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.62% of the company’s stock.

Bread Financial Trading Up 2.2 %

Shares of NYSE BFH opened at $58.07 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average price is $52.11 and its two-hundred day moving average price is $48.95. Bread Financial Holdings, Inc. has a 52-week low of $26.58 and a 52-week high of $63.01. The stock has a market capitalization of $2.89 billion, a P/E ratio of 9.25 and a beta of 1.94.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $981.26 million. During the same quarter in the previous year, the business posted $3.46 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, analysts anticipate that Bread Financial Holdings, Inc. will post 7.67 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. Investors of record on Friday, November 8th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial’s dividend payout ratio (DPR) is 13.38%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Evercore ISI upped 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. Barclays lowered their target price on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday, October 25th. TD Cowen boosted their price target on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. increased their price objective 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. Finally, Bank of America dropped their price objective on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $50.00.

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.