29,636 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in Bread Financial Holdings, Inc. (NYSE:BFH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 29,636 shares of the company’s stock, valued at approximately $1,321,000. Edgestream Partners L.P. owned 0.06% of Bread Financial as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Bread Financial by 3.8% in the first quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock worth $217,766,000 after buying an additional 216,274 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Bread Financial by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company’s stock valued at $141,386,000 after acquiring an additional 70,092 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Bread Financial by 7.8% in the fourth quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock valued at $69,413,000 after acquiring an additional 152,954 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Bread Financial by 6.1% in the second quarter. Victory Capital Management Inc. now owns 1,249,669 shares of the company’s stock valued at $55,685,000 after acquiring an additional 71,777 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Bread Financial by 22.4% in the second quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock valued at $51,754,000 after acquiring an additional 212,276 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Price Performance

BFH opened at $52.47 on Friday. The stock has a 50-day moving average price of $52.38 and a 200-day moving average price of $44.06. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $2.60 billion, a PE ratio of 6.61, a P/E/G ratio of 0.16 and a beta of 1.95. Bread Financial Holdings, Inc. has a 1 year low of $26.08 and a 1 year high of $59.66.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $1.06. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The firm had revenue of $939.00 million during the quarter, compared to analyst estimates of $922.01 million. During the same quarter in the previous year, the firm earned $1.27 EPS. Bread Financial’s quarterly revenue was down 1.4% compared to the same quarter last year. Sell-side analysts predict that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 9th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Friday, August 9th. Bread Financial’s dividend payout ratio (DPR) is 10.58%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BFH shares. JPMorgan Chase & Co. lifted their price target 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. Jefferies Financial Group lifted their price target on shares of Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, July 9th. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a report on Thursday, June 20th. Barclays lifted their price target on shares of Bread Financial from $32.00 to $37.00 and gave the company an “underweight” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $67.00 target price on shares of Bread Financial in a report on Monday, June 17th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.