Prospera Financial Services Inc Raises Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Prospera Financial Services Inc lifted its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 42.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,527 shares of the company’s stock after purchasing an additional 1,937 shares during the period. Prospera Financial Services Inc’s holdings in Bread Financial were worth $311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BFH. GAMMA Investing LLC raised its holdings in shares of Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after buying an additional 260 shares during the last quarter. CWM LLC lifted its position in Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after acquiring an additional 550 shares during the period. Point72 DIFC Ltd lifted its position in Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after acquiring an additional 397 shares during the period. National Bank of Canada FI increased its holdings 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 valued at $88,000 after purchasing an additional 800 shares during the period. Finally, Headlands Technologies LLC increased its holdings in shares of Bread Financial by 164.0% in the second quarter. Headlands Technologies LLC now owns 2,355 shares of the company’s stock valued at $105,000 after purchasing an additional 1,463 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Stock Up 2.2 %

NYSE:BFH opened at $58.07 on Monday. The business’s fifty day moving average price is $52.11 and its 200 day moving average price is $48.95. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 9.25 and a beta of 1.94. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 1-year low of $26.58 and a 1-year high of $63.01.

Bread Financial (NYSE:BFH) last released 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 return on equity of 13.33% and a net margin of 6.37%. The company had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $981.26 million. During the same quarter in the previous year, the company earned $3.46 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, sell-side analysts forecast that Bread Financial Holdings, Inc. will post 7.67 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 is Friday, November 8th. Bread Financial’s dividend payout ratio (DPR) is presently 13.38%.

Insider Transactions at Bread Financial

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the stock in a transaction on Monday, October 28th. The shares were purchased at an average price of $51.02 per share, with a total value of $51,020.00. Following the acquisition, the director now directly owns 6,473 shares of the company’s stock, valued at $330,252.46. This represents a 18.27 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BFH. JPMorgan Chase & Co. boosted their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Evercore ISI increased their price target on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their price objective on Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a report on Tuesday, November 19th. TD Cowen increased their target price on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Bank of America decreased their price target on 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 research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.