Hantz Financial Services Inc. Acquires 976 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Hantz Financial Services Inc. lifted its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,516 shares of the company’s stock after buying an additional 976 shares during the period. Hantz Financial Services Inc.’s holdings in Bread Financial were worth $1,166,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its position in Bread Financial by 5.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 33,782 shares of the company’s stock valued at $1,259,000 after purchasing an additional 1,856 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Bread Financial in the 1st quarter valued at approximately $1,546,000. Harbor Capital Advisors Inc. grew its stake in shares of Bread Financial by 25.0% in the second quarter. Harbor Capital Advisors Inc. now owns 13,428 shares of the company’s stock valued at $598,000 after buying an additional 2,689 shares in the last quarter. CWM LLC increased its holdings in Bread Financial by 47.5% during the second quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after buying an additional 550 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Bread Financial during the second quarter worth $3,109,000. Institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Performance

NYSE:BFH opened at $58.83 on Monday. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 9.37 and a beta of 1.94. Bread Financial Holdings, Inc. has a fifty-two week low of $27.44 and a fifty-two week high of $63.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a fifty day moving average price of $52.77 and a 200-day moving average price of $49.62.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The firm had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. During the same quarter in the previous year, the company earned $3.46 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, equities analysts anticipate that Bread Financial Holdings, Inc. will post 7.49 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.43%. Bread Financial’s dividend payout ratio is currently 13.38%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BFH shares. JPMorgan Chase & Co. boosted their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Evercore ISI boosted their price target on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Bank of America cut their price objective on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. The Goldman Sachs Group boosted their target price on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Finally, Barclays cut their price target on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Bread Financial has an average rating of “Hold” and an average target price of $50.00.

Insiders Place Their Bets

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the stock in a transaction dated Monday, October 28th. The stock was bought at an average price of $51.02 per share, with a total value of $51,020.00. Following the acquisition, the director now owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. This represents a 18.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Bread Financial 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.