Massachusetts Financial Services Co. MA Purchases 923 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Massachusetts Financial Services Co. MA raised its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 3.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,528 shares of the company’s stock after purchasing an additional 923 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.06% of Bread Financial worth $1,227,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Bread Financial by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock valued at $217,766,000 after buying an additional 216,274 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Bread Financial by 7.8% during the fourth quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock worth $69,413,000 after acquiring an additional 152,954 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Bread Financial by 6.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,249,669 shares of the company’s stock worth $55,685,000 after acquiring an additional 71,777 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Bread Financial by 22.4% in the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock valued at $51,754,000 after purchasing an additional 212,276 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in shares of Bread Financial by 2.3% during the 1st quarter. Bridgeway Capital Management LLC now owns 540,253 shares of the company’s stock valued at $20,119,000 after purchasing an additional 12,250 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Down 1.1 %

Shares of NYSE:BFH opened at $52.47 on Monday. The firm has a market capitalization of $2.60 billion, a P/E ratio of 6.61, a P/E/G 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 stock has a 50 day moving average price of $52.38 and a 200-day moving average price of $44.15. Bread Financial Holdings, Inc. has a 52-week low of $26.08 and a 52-week high of $59.66.

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

Bread Financial Announces Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on BFH shares. TD Cowen boosted their price target on shares of Bread Financial from $44.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. JMP Securities restated a “market perform” rating on shares of Bread Financial in a research report on Thursday, June 20th. Jefferies Financial Group boosted their price objective on Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, July 9th. Compass Point raised their target price on shares of Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, BTIG Research initiated coverage on shares of Bread Financial in a report on Friday, June 7th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average 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.