10,356 Bread Financial Holdings, Inc. $BFH Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management increased its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 21.7% in the third quarter, Holdings Channel.com reports. The fund owned 58,185 shares of the company’s stock after purchasing an additional 10,356 shares during the period. Ritholtz Wealth Management’s holdings in Bread Financial were worth $5,688,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Keybank National Association OH bought a new stake in shares of Bread Financial in the 3rd quarter worth $268,000. Fulcrum Asset Management LLP lifted its holdings in shares of Bread Financial by 1,426.6% during the third quarter. Fulcrum Asset Management LLP now owns 36,882 shares of the company’s stock valued at $3,691,000 after purchasing an additional 34,466 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Bread Financial by 4.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,394 shares of the company’s stock valued at $911,000 after purchasing an additional 378 shares in the last quarter. Heritage Family Offices LLP bought a new position in shares of Bread Financial during the third quarter valued at $49,000. Finally, Vise Technologies Inc. purchased a new stake in shares of Bread Financial during the third quarter valued at $631,000. 99.52% of the stock is owned by institutional investors.

Insider Activity

In other news, Director John Fawcett purchased 10,000 shares of the business’s stock in a transaction on Tuesday, November 10th. The stock was acquired at an average cost of $22.60 per share, for a total transaction of $226,000.00. Following the purchase, the director directly owned 15,000 shares in the company, valued at $339,000. This trade represents a 200.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders bought 15,016 shares of company stock worth $351,230. Insiders own 1.30% of the company’s stock.

Bread Financial Stock Performance

BFH stock opened at $97.99 on Friday. The company has a market cap of $3.72 billion, a P/E ratio of 7.73, a price-to-earnings-growth ratio of 0.74 and a beta of 1.26. Bread Financial Holdings, Inc. has a 1 year low of $59.26 and a 1 year high of $114.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s fifty day moving average price is $103.01 and its 200-day moving average price is $93.01.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.50. The company 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%. Bread Financial’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.02 earnings per share. On average, equities analysts forecast that Bread Financial Holdings, Inc. will post 12.66 earnings per share for the current year.

Bread Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, November 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Bread Financial’s previous quarterly dividend of $0.23. Bread Financial’s dividend payout ratio is presently 7.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BFH shares. Morgan Stanley set a $107.00 price objective on Bread Financial in a report on Friday, July 24th. Barclays lowered their target price 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. Seaport Research Partners set a $123.00 price target on shares of Bread Financial in a report on Friday, October 23rd. Zacks Research lowered shares of Bread Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $115.00 price objective 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 given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bread Financial presently has a consensus rating of “Hold” and a consensus target price of $111.71.

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.