ClearAlpha Technologies LP Takes Position in Bread Financial Holdings, Inc. (NYSE:BFH)

ClearAlpha Technologies LP purchased a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,776 shares of the company’s stock, valued at approximately $275,000.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Bread Financial by 33.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after purchasing an additional 260 shares in the last quarter. CWM LLC boosted its stake 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. Point72 DIFC Ltd grew its holdings in Bread Financial by 30.0% in the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after buying an additional 397 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Bread Financial by 70.3% in the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after acquiring an additional 800 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Bread Financial by 164.0% during the 2nd quarter. Headlands Technologies LLC now owns 2,355 shares of the company’s stock worth $105,000 after acquiring an additional 1,463 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John J. Fawcett acquired 1,000 shares of the stock in a transaction dated Monday, October 28th. The stock was acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the completion of the transaction, the director now owns 6,473 shares in the company, valued at $330,252.46. This represents a 18.27 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is owned by company insiders.

Bread Financial Trading Up 2.7 %

NYSE BFH opened at $60.41 on Tuesday. 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 firm has a market cap of $3.00 billion, a price-to-earnings ratio of 9.62 and a beta of 1.94. The firm has a 50 day simple moving average of $52.96 and a 200-day simple moving average of $49.76. Bread Financial Holdings, Inc. has a one year low of $28.00 and a one year high of $63.01.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.03). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The business had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $981.26 million. During the same period in the prior year, the business earned $3.46 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. Equities research analysts anticipate that Bread Financial Holdings, Inc. will post 7.49 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be paid 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 1.39%. Bread Financial’s payout ratio is 13.38%.

Wall Street Analyst Weigh In

BFH has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Barclays cut their price target on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, October 25th. Evercore ISI upped their price objective on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. TD Cowen raised their target price on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group upped their price target on Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $50.00.

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.