Dimensional Fund Advisors LP Increases Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Dimensional Fund Advisors LP grew its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,173,009 shares of the company’s stock after acquiring an additional 70,092 shares during the period. Dimensional Fund Advisors LP owned about 6.40% of Bread Financial worth $141,386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BFH. Headlands Technologies LLC purchased a new stake in shares of Bread Financial in the first quarter worth about $33,000. CWM LLC grew its stake in Bread Financial by 47.5% in the second quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after purchasing an additional 550 shares in the last quarter. Pinnacle Holdings LLC bought a new position in Bread Financial in the fourth quarter worth approximately $83,000. National Bank of Canada FI grew its stake in Bread Financial by 70.3% in the second quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after purchasing an additional 800 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Bread Financial during the 2nd quarter valued at $135,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BFH. JPMorgan Chase & Co. increased their target price on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. TD Cowen increased their price target on Bread Financial from $44.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada increased their price target on Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Compass Point raised their target price on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research 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 research report on Monday, June 17th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Bread Financial presently has a consensus rating of “Hold” and an average target price of $50.00.

Bread Financial Stock Down 1.1 %

BFH stock opened at $52.47 on Friday. The firm has a market cap of $2.60 billion, a PE ratio of 6.61, a PEG ratio of 0.16 and a beta of 1.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 1.19. The firm’s 50 day moving average price is $52.38 and its 200-day moving average price is $44.11. Bread Financial Holdings, Inc. has a one year low of $26.08 and a one year high of $59.66.

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

Bread Financial Dividend Announcement

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