Bread Financial Holdings, Inc. (NYSE:BFH) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 22.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,161,443 shares of the company’s stock after purchasing an additional 212,276 shares during the quarter. American Century Companies Inc. owned approximately 2.34% of Bread Financial worth $51,754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC increased its holdings in shares of Bread Financial by 14.0% in the 4th quarter. Pzena Investment Management LLC now owns 807,557 shares of the company’s stock valued at $26,601,000 after acquiring an additional 99,029 shares during the period. Jennison Associates LLC acquired a new position in shares of Bread Financial in the 1st quarter valued at $631,000. Bridgeway Capital Management LLC increased its holdings in shares of Bread Financial by 10.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 528,003 shares of the company’s stock valued at $17,392,000 after acquiring an additional 50,474 shares during the period. GSA Capital Partners LLP purchased a new position in Bread Financial in the 1st quarter valued at $623,000. Finally, Charles Schwab Investment Management Inc. grew its position in Bread Financial by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock valued at $22,140,000 after buying an additional 37,005 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Ratings Changes

BFH has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $67.00 price objective on shares of Bread Financial in a research report on Monday, June 17th. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research report on Thursday, June 20th. Bank of America lifted their price objective on shares of Bread Financial from $54.00 to $61.00 and gave the company a “buy” rating in a research report on Monday, August 19th. Barclays lifted their price objective on shares of Bread Financial from $32.00 to $37.00 and gave the company an “underweight” rating in a research report on Friday, July 26th. Finally, Compass Point lifted their price objective on shares of Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Three equities 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’s stock. According to data from MarketBeat, Bread Financial currently has an average rating of “Hold” and a consensus target price of $50.00.

Bread Financial Trading Up 2.5 %

Shares of BFH stock opened at $49.29 on Tuesday. The firm has a 50-day moving average price of $51.90 and a 200 day moving average price of $43.74. Bread Financial Holdings, Inc. has a twelve month low of $26.08 and a twelve month high of $59.66. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 0.16 and a beta of 1.95. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41.

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

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Friday, August 9th. Bread Financial’s payout ratio is 10.58%.

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.