Segall Bryant & Hamill LLC Invests $2.71 Million in Bread Financial Holdings, Inc. (NYSE:BFH)

Segall Bryant & Hamill LLC purchased a new position in Bread Financial Holdings, Inc. (NYSE:BFH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 56,975 shares of the company’s stock, valued at approximately $2,711,000.

Several other institutional investors also recently added to or reduced their stakes in BFH. Millennium Management LLC boosted its stake in Bread Financial by 81.6% in the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock valued at $65,245,000 after acquiring an additional 657,968 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Bread Financial by 152.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock worth $28,772,000 after purchasing an additional 390,413 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Bread Financial by 86.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 485,113 shares of the company’s stock valued at $18,066,000 after purchasing an additional 224,545 shares during the last quarter. Vanguard Group Inc. grew its holdings in Bread Financial by 3.8% during the first quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock valued at $217,766,000 after purchasing an additional 216,274 shares during the period. Finally, American Century Companies Inc. increased its position in Bread Financial by 22.4% in the second quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock worth $51,754,000 after buying an additional 212,276 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Evercore ISI upped their price target on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Royal Bank of Canada increased their target price on shares of Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Barclays reduced their target price 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. Compass Point raised their price objective on shares of Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. lifted 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. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.00.

Bread Financial Price Performance

Bread Financial stock opened at $58.06 on Friday. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 9.04 and a beta of 1.94. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $51.91 and a 200 day simple moving average of $48.76. Bread Financial Holdings, Inc. has a 52 week low of $26.58 and a 52 week high of $63.01.

Bread Financial (NYSE:BFH) last issued 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 for the quarter, compared to analysts’ expectations of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.46 EPS. On average, research 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 disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, November 8th. Bread Financial’s dividend payout ratio (DPR) is currently 13.38%.

Insider Transactions at Bread Financial

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

About 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.