Range Financial Group LLC Decreases Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Range Financial Group LLC reduced its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 75.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,399 shares of the company’s stock after selling 16,907 shares during the period. Range Financial Group LLC’s holdings in Bread Financial were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of BFH. Deutsche Bank AG lifted its stake in shares of Bread Financial by 586.5% in the third quarter. Deutsche Bank AG now owns 712,566 shares of the company’s stock worth $24,370,000 after buying an additional 608,769 shares in the last quarter. Norges Bank purchased a new position in shares of Bread Financial in the fourth quarter worth about $14,365,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Bread Financial in the third quarter worth about $13,687,000. Dimensional Fund Advisors LP lifted its stake in shares of Bread Financial by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company’s stock worth $98,823,000 after buying an additional 256,221 shares in the last quarter. Finally, Basswood Capital Management L.L.C. purchased a new position in shares of Bread Financial in the fourth quarter worth about $7,263,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BFH has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Bread Financial from $38.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 20th. JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $67.00 target price on shares of Bread Financial in a research note on Monday, June 17th. Evercore ISI raised shares of Bread Financial from an “underperform” rating to an “in-line” rating and lifted their target price for the stock from $42.00 to $45.00 in a research note on Thursday, June 20th. Finally, BTIG Research initiated coverage on shares of Bread Financial in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Bread Financial presently has an average rating of “Hold” and an average price target of $40.92.

Bread Financial Stock Performance

Shares of BFH opened at $44.02 on Tuesday. 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 stock has a market capitalization of $2.18 billion, a P/E ratio of 5.54, a P/E/G ratio of 0.20 and a beta of 1.94. The company’s fifty day moving average is $39.82 and its two-hundred day moving average is $36.70. Bread Financial Holdings, Inc. has a 1 year low of $26.08 and a 1 year high of $45.08.

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

Bread Financial Dividend Announcement

The business 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 payout ratio is currently 10.58%.

About Bread Financial

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.