Bread Financial Holdings, Inc. (NYSE:BFH) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 84,876 shares of the company’s stock after purchasing an additional 2,995 shares during the period. Exchange Traded Concepts LLC owned 0.17% of Bread Financial worth $5,183,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BFH. Millennium Management LLC lifted its position in Bread Financial by 81.6% during the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock worth $65,245,000 after buying an additional 657,968 shares during the period. Point72 Asset Management L.P. raised its stake in shares of Bread Financial by 152.9% during the second quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock valued at $28,772,000 after purchasing an additional 390,413 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Bread Financial by 30.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company’s stock valued at $53,353,000 after purchasing an additional 260,283 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in Bread Financial by 38.2% in the 3rd quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock worth $41,910,000 after buying an additional 243,419 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in Bread Financial in the 3rd quarter valued at about $6,001,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BFH has been the subject of a number of analyst reports. Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $35.00 to $76.00 in a research note on Thursday, December 19th. Barclays dropped their price target on shares of 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 increased their price objective on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods boosted their target price on shares of Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, The Goldman Sachs Group lifted their price target on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Bread Financial presently has a consensus rating of “Hold” and a consensus price target of $57.07.

Insider Activity at Bread Financial

In other news, Director John J. Fawcett bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the transaction, the director now directly owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. This represents a 18.27 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by company insiders.

Bread Financial Stock Down 0.7 %

BFH stock opened at $64.38 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The business’s fifty day moving average price is $61.33 and its two-hundred day moving average price is $55.07. Bread Financial Holdings, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $66.71. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 10.25 and a beta of 1.94.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.83 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 analyst estimates of $981.26 million. During the same period last year, the firm earned $3.46 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts anticipate that Bread Financial Holdings, Inc. will post 7.64 earnings per share for the current year.

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.