Truist Financial Corp acquired a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,107 shares of the company’s stock, valued at approximately $349,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thompson Investment Management Inc. acquired a new position in shares of Bread Financial during the 3rd quarter valued at $6,391,000. Courant Investment Management LLC bought a new stake in Bread Financial in the third quarter worth about $2,267,000. Denali Advisors LLC bought a new stake in Bread Financial in the third quarter worth about $1,786,000. Texas Permanent School Fund acquired a new stake in Bread Financial in the 3rd quarter valued at about $1,126,000. Finally, Chicago Capital LLC bought a new position in shares of Bread Financial during the 3rd quarter valued at about $701,000. Institutional investors own 96.62% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on BFH shares. Royal Bank of Canada increased their target price on shares of Bread Financial from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 28th. The Goldman Sachs Group raised their price objective on Bread Financial from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, October 28th. Stephens raised Bread Financial from an “equal weight” rating to an “overweight” rating and set a $64.00 target price on the stock in a research report on Thursday, January 5th. Credit Suisse Group increased their price target on Bread Financial from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, October 28th. Finally, Morgan Stanley reduced their price objective on shares of Bread Financial from $45.00 to $39.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.
Bread Financial Stock Up 0.9 %
Bread Financial (NYSE:BFH – Get Rating) last posted its quarterly earnings results on Thursday, October 27th. The company reported $2.69 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.69. Bread Financial had a net margin of 9.43% and a return on equity of 18.52%. The business had revenue of $979.00 million during the quarter, compared to analyst estimates of $976.21 million. During the same period in the prior year, the firm earned $4.47 earnings per share. The firm’s revenue was up 15.0% compared to the same quarter last year. As a group, analysts expect that Bread Financial Holdings, Inc. will post 3.63 EPS for the current fiscal year.
Bread Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Monday, November 14th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Thursday, November 10th. Bread Financial’s dividend payout ratio (DPR) is presently 11.23%.
Bread Financial Profile
Bread Financial Holdings, Inc engages in the provision of data-driven and transaction-based marketing, customer loyalty and payment solutions. Its products and services include credit cards, loan financing, processing, and servicing, marketing, data and analytics, and digital offerings. The company was founded in 1996 and is headquartered in Columbus, OH.
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