Bread Financial Holdings, Inc. $BFH Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 389.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,700 shares of the company’s stock after purchasing an additional 10,900 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Bread Financial were worth $1,339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BFH. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Bread Financial by 2.6% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,915 shares of the company’s stock valued at $383,000 after purchasing an additional 100 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of Bread Financial during the third quarter worth about $585,000. Root Financial Partners LLC bought a new position in shares of Bread Financial during the third quarter worth about $45,000. Reyes Financial Architecture Inc. acquired a new stake in Bread Financial in the 3rd quarter valued at approximately $74,000. Finally, Axxcess Wealth Management LLC acquired a new stake in Bread Financial in the 3rd quarter valued at approximately $210,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Price Performance

NYSE:BFH opened at $104.79 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.16. The stock’s 50-day simple moving average is $103.78 and its 200 day simple moving average is $92.15. The company has a market cap of $3.98 billion, a P/E ratio of 8.26, a P/E/G ratio of 0.81 and a beta of 1.26. 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 issued its quarterly earnings results on Thursday, October 22nd. The company reported $3.84 EPS for the quarter, beating the consensus estimate of $3.34 by $0.50. The firm 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%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.02 earnings per share. As a group, sell-side analysts forecast that Bread Financial Holdings, Inc. will post 12.51 EPS for the current fiscal year.

Bread Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. 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. Bread Financial’s payout ratio is currently 7.26%.

Insider Buying and Selling at Bread Financial

In other news, Director John Fawcett bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The stock was acquired at an average cost of $24.70 per share, with a total value of $123,500.00. Following the completion of the purchase, the director owned 5,000 shares of the company’s stock, valued at $123,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Barclays cut their target price on 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. TD Cowen raised their price target on shares of Bread Financial from $111.00 to $113.00 and gave the stock a “hold” rating in a research note on Friday, October 23rd. Wall Street Zen upgraded shares of Bread Financial from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. UBS Group cut their price objective on shares of Bread Financial from $127.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Bread Financial in a report on Friday, July 24th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Bread Financial currently has an average rating of “Hold” and a consensus price target of $111.71.

Bread Financial Company Profile

Bread Financial Holdings, Inc (NYSE: BFH) is a financial services company that provides payment, lending and savings solutions to consumers and businesses. Its offerings include private-label and co-branded credit cards, installment lending, buy now, pay later services and deposit products.

The company operates through its Bread platform, which supports merchants with financing options, payment processing and customer loyalty solutions. Its consumer products have included Bread Cashback credit cards, Bread Pay installment payment services and Bread Savings deposit accounts.

Bread Financial primarily serves consumers and merchants in the United States, with solutions designed for retail, travel, home improvement and other industries.