Bread Financial Holdings, Inc. $BFH Shares Newly Bought by Vise Technologies Inc.

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

A number of other hedge funds have also added to or reduced their stakes in BFH. BlackRock Inc. acquired a new stake in shares of Bread Financial during the 2nd quarter worth approximately $421,314,000. Dimensional Fund Advisors LP boosted its holdings in Bread Financial by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,086,060 shares of the company’s stock worth $231,111,000 after acquiring an additional 9,854 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Bread Financial by 14.7% during the first quarter. Hsbc Holdings PLC now owns 1,009,890 shares of the company’s stock worth $74,667,000 after purchasing an additional 129,774 shares during the period. Bank of America Corp DE lifted its holdings in shares of Bread Financial by 18.1% in the 1st quarter. Bank of America Corp DE now owns 630,225 shares of the company’s stock worth $47,198,000 after purchasing an additional 96,771 shares in the last quarter. Finally, Copeland Capital Management LLC bought a new stake in Bread Financial during the 3rd quarter valued at $55,054,000. 99.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays dropped their price objective on shares of Bread Financial from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Friday, October 23rd. Evercore set a $118.00 target price on Bread Financial in a report on Thursday, October 1st. Morgan Stanley set a $107.00 price target on Bread Financial in a research report on Friday, July 24th. Seaport Research Partners set a $123.00 price objective on shares of Bread Financial in a report on Friday, October 23rd. Finally, Zacks Research lowered shares of Bread Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $111.71.

Insider Buying and Selling

In related news, Director John Fawcett bought 5,000 shares of the business’s stock in a transaction dated Wednesday, October 28th. The shares were purchased at an average price of $24.70 per share, with a total value of $123,500.00. Following the purchase, the director owned 5,000 shares of the company’s stock, valued at approximately $123,500. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Bread Financial Stock Up 0.7%

Shares of NYSE BFH opened at $97.42 on Thursday. The business has a 50-day simple moving average of $103.19 and a two-hundred day simple moving average of $92.87. The company has a market cap of $3.70 billion, a P/E ratio of 7.68, a P/E/G ratio of 0.73 and a beta of 1.26. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. Bread Financial Holdings, Inc. has a 52 week low of $59.26 and a 52 week high of $114.53.

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

Bread Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 30th. This is a boost from Bread Financial’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. Bread Financial’s 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.