Quadrature Capital Ltd increased its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 99.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,574 shares of the company's stock after acquiring an additional 8,768 shares during the quarter. Quadrature Capital Ltd's holdings in Bread Financial were worth $836,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC raised 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 purchasing an additional 260 shares in the last quarter. CWM LLC raised its stake in Bread Financial by 47.5% in the second quarter. CWM LLC now owns 1,708 shares of the company's stock worth $76,000 after buying an additional 550 shares in the last quarter. Point72 DIFC Ltd lifted its holdings in Bread Financial by 30.0% in 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 boosted its position in Bread Financial by 70.3% during the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company's stock valued at $88,000 after acquiring an additional 800 shares in the last quarter. Finally, Headlands Technologies LLC grew its holdings in shares of Bread Financial by 164.0% during the 2nd quarter. Headlands Technologies LLC now owns 2,355 shares of the company's stock worth $105,000 after acquiring an additional 1,463 shares during the period. Institutional investors own 99.52% of the company's stock.
In other news, Director John J. Fawcett purchased 1,000 shares of the company'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 purchase, the director now directly owns 6,473 shares in the company, valued at approximately $330,252.46. This represents a 18.27 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.62% of the stock is currently owned by corporate insiders.
Shares of BFH opened at $63.19 on Friday. Bread Financial Holdings, Inc. has a 12 month low of $28.00 and a 12 month high of $63.25. The business's fifty day simple moving average is $54.17 and its two-hundred day simple moving average is $50.26. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 10.06 and a beta of 1.96.
Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.03). The business had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. Bread Financial's quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.46 earnings per share. Research analysts anticipate that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.33%. Bread Financial's dividend payout ratio (DPR) is 13.38%.
BFH has been the topic of several research reports. Bank of America dropped their price target on Bread Financial from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Wednesday, September 25th. Evercore ISI boosted their target price 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. TD Cowen increased their price target on shares of Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Barclays dropped their price objective on shares of Bread Financial from $35.00 to $34.00 and set an "underweight" rating on the stock in a research note on Friday, October 25th. Finally, The Goldman Sachs Group raised their target price on shares of Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a research note on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Bread Financial currently has a consensus rating of "Hold" and a consensus price target of $50.00.
Read Our Latest Stock Report on 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.
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