Quadrature Capital Ltd Buys 611 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Quadrature Capital Ltd lifted its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,993 shares of the company’s stock after acquiring an additional 611 shares during the quarter. Quadrature Capital Ltd owned 0.05% of Bread Financial worth $856,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in BFH. Wellington Management Group LLP grew its position in Bread Financial by 7.8% in the 4th quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock worth $69,413,000 after purchasing an additional 152,954 shares during the period. Sierra Summit Advisors LLC purchased a new stake in Bread Financial during the fourth quarter valued at $220,000. Bridgeway Capital Management LLC increased its position in Bread Financial by 10.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 528,003 shares of the company’s stock valued at $17,392,000 after acquiring an additional 50,474 shares during the last quarter. Pinnacle Holdings LLC purchased a new position in Bread Financial in the fourth quarter worth about $83,000. Finally, Vista Investment Management grew its stake in shares of Bread Financial by 6.8% during the 4th quarter. Vista Investment Management now owns 25,271 shares of the company’s stock valued at $832,000 after purchasing an additional 1,613 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BFH. Evercore ISI raised shares of Bread Financial from an “underperform” rating to an “in-line” rating and raised their price objective for the stock from $42.00 to $45.00 in a report on Thursday. Barclays cut their price objective on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research report on Tuesday, April 9th. BTIG Research began coverage on Bread Financial in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $67.00 price target on shares of Bread Financial in a report on Monday. Finally, Argus downgraded Bread Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $40.92.

Bread Financial Price Performance

Shares of NYSE:BFH opened at $44.05 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 5.55, a P/E/G ratio of 0.18 and a beta of 1.94. The firm has a fifty day moving average price of $39.42 and a 200 day moving average price of $36.41. Bread Financial Holdings, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $44.56.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). The firm had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.08 EPS. As a group, sell-side analysts expect that Bread Financial Holdings, Inc. will post 5.63 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 10th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.91%. Bread Financial’s dividend payout ratio (DPR) is 10.58%.

Bread Financial Company 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.