6,452 Shares in Bread Financial Holdings, Inc. $BFH Purchased by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,452 shares of the company’s stock, valued at approximately $631,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BFH. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of Bread Financial by 389.3% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,700 shares of the company’s stock valued at $1,339,000 after buying an additional 10,900 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Bread Financial by 2.6% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,915 shares of the company’s stock worth $383,000 after acquiring an additional 100 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of Bread Financial during the 3rd quarter worth approximately $585,000. Root Financial Partners LLC bought a new position in Bread Financial during the third quarter worth $45,000. Finally, Reyes Financial Architecture Inc. bought a new position in shares of Bread Financial in the third quarter valued at about $74,000. 99.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BFH. Royal Bank Of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Bread Financial in a report on Friday, July 24th. TD Cowen upped their price target on shares of Bread Financial from $111.00 to $113.00 and gave the company a “hold” rating in a research note on Friday, October 23rd. Barclays decreased their target price on shares of Bread Financial from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Friday, October 23rd. Zacks Research cut Bread Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Finally, Wall Street Zen raised Bread Financial from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $111.71.

Insider Activity at Bread Financial

In related news, Director John Fawcett purchased 5,000 shares of Bread Financial stock in a transaction on Wednesday, October 28th. The shares were purchased at an average price of $24.70 per share, for a total transaction of $123,500.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $123,500. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

Bread Financial Trading Up 0.7%

Shares of Bread Financial stock opened at $97.42 on Thursday. The firm has a market capitalization of $3.70 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 0.73 and a beta of 1.26. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $103.19 and its 200 day moving average is $92.87. Bread Financial Holdings, Inc. has a 1 year low of $59.26 and a 1 year high of $114.53.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.50. The company had revenue of $1.02 billion during 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%. Bread Financial’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.02 EPS. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.00 annualized dividend and a yield of 1.0%. This is an increase from Bread Financial’s previous quarterly dividend of $0.23. Bread Financial’s dividend payout ratio is 7.89%.

Bread Financial Company Profile

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.