Bread Financial (NYSE:BFH) Director John Fawcett Purchases 10,000 Shares of Company Stock

Bread Financial Holdings, Inc. (NYSE:BFH) Director John Fawcett acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The shares were acquired at an average cost of $22.60 per share, for a total transaction of $226,000.00. Following the completion of the acquisition, the director owned 15,000 shares of the company’s stock, valued at $339,000. This trade represents a 200.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Bread Financial Stock Performance

Shares of NYSE:BFH opened at $97.99 on Friday. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 0.74 and a beta of 1.26. Bread Financial Holdings, Inc. has a 52 week low of $59.26 and a 52 week high of $114.53. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $103.01 and a 200 day moving average of $93.01.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, October 22nd. The company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.50. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Bread Financial had a return on equity of 17.24% and a net margin of 11.19%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.02 EPS. On average, sell-side analysts predict that Bread Financial Holdings, Inc. will post 12.66 earnings per share for the current fiscal year.

Bread Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $0.25 per share. This is an increase from Bread Financial’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, November 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. Bread Financial’s dividend payout ratio (DPR) is currently 7.26%.

Hedge Funds Weigh In On Bread Financial

A number of large investors have recently made changes to their positions in BFH. Meeder Asset Management Inc. boosted its position in shares of Bread Financial by 5,103.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,278 shares of the company’s stock worth $320,000 after purchasing an additional 3,215 shares in the last quarter. Voya Investment Management LLC increased its position in Bread Financial by 18.3% during the 3rd quarter. Voya Investment Management LLC now owns 24,437 shares of the company’s stock valued at $2,389,000 after buying an additional 3,787 shares in the last quarter. Global Retirement Partners LLC increased its position in Bread Financial by 137.1% during the 3rd quarter. Global Retirement Partners LLC now owns 5,478 shares of the company’s stock valued at $535,000 after buying an additional 3,168 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Bread Financial during the 3rd quarter valued at about $8,647,000. Finally, Bessemer Group Inc. increased its position in Bread Financial by 3.6% during the 3rd quarter. Bessemer Group Inc. now owns 104,315 shares of the company’s stock valued at $10,196,000 after buying an additional 3,637 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. TD Cowen raised their price objective on Bread Financial from $111.00 to $113.00 and gave the company a “hold” rating in a research report on Friday, October 23rd. Barclays reduced their target price on shares of Bread Financial from $110.00 to $107.00 and set an “equal weight” rating for the company in a report on Friday, October 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $115.00 target price on shares of Bread Financial in a report on Friday, July 24th. UBS Group decreased their price target on shares of Bread Financial from $127.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bread Financial in a report on Thursday, October 22nd. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Bread Financial presently has an average rating of “Hold” and an average target price of $111.71.

About Bread Financial

Bread Financial is a consumer financial services company that works with retailers and other businesses to offer payment and lending products. Its services include private-label and co-branded credit cards, installment payment options and other financing solutions designed for purchases with participating merchants. The company also offers deposit products through Bread Savings, including online savings accounts and certificates of deposit. Its products serve consumers primarily in the United States.