Bread Financial Holdings, Inc. (NYSE:BFH) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 131.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 258,442 shares of the company’s stock after acquiring an additional 146,900 shares during the quarter. Renaissance Technologies LLC owned 0.52% of Bread Financial worth $11,516,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in shares of 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 purchasing an additional 70,092 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Bread Financial by 3.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 27,528 shares of the company’s stock valued at $1,227,000 after buying an additional 923 shares in the last quarter. Poehling Capital Management INC. purchased a new position in Bread Financial in the 2nd quarter valued at about $215,000. Meeder Asset Management Inc. acquired a new stake in Bread Financial in the 2nd quarter worth about $135,000. Finally, BOKF NA increased its stake in Bread Financial by 99.8% during the 2nd quarter. BOKF NA now owns 15,437 shares of the company’s stock worth $688,000 after buying an additional 7,712 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Trading Down 1.1 %

Shares of Bread Financial stock opened at $52.47 on Monday. The stock has a 50 day moving average of $52.38 and a 200 day moving average of $44.15. 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 has a market capitalization of $2.60 billion, a price-to-earnings ratio of 6.61, a PEG ratio of 0.16 and a beta of 1.95. Bread Financial Holdings, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $59.66.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $922.01 million. During the same period last year, the company earned $1.27 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, research analysts predict that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend 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%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. 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. Jefferies Financial Group increased their target price on shares of Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, July 9th. Royal Bank of Canada boosted their price target on shares of Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Finally, JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a report on Thursday, June 20th. Three research 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. Based on data from MarketBeat.com, Bread Financial has an average rating of “Hold” and a consensus price target of $50.00.

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.