Mackenzie Financial Corp Makes New Investment in Bread Financial Holdings, Inc. (NYSE:BFH)

Mackenzie Financial Corp acquired a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) during the 4th quarter, Holdings Channel reports. The firm acquired 7,255 shares of the company’s stock, valued at approximately $239,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Denali Advisors LLC increased its holdings in shares of Bread Financial by 46.8% during the 4th quarter. Denali Advisors LLC now owns 153,402 shares of the company’s stock worth $5,053,000 after acquiring an additional 48,900 shares during the last quarter. Quantbot Technologies LP lifted its position in Bread Financial by 477.6% during the third quarter. Quantbot Technologies LP now owns 39,614 shares of the company’s stock worth $1,355,000 after acquiring an additional 32,756 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Bread Financial during the third quarter worth approximately $913,000. American Century Companies Inc. grew its position in shares of Bread Financial by 16.5% in the third quarter. American Century Companies Inc. now owns 610,872 shares of the company’s stock valued at $20,892,000 after purchasing an additional 86,315 shares during the last quarter. Finally, First Hawaiian Bank increased its stake in shares of Bread Financial by 17.2% during the fourth quarter. First Hawaiian Bank now owns 8,479 shares of the company’s stock worth $279,000 after purchasing an additional 1,245 shares during the period. Institutional investors own 99.52% of the company’s stock.

Bread Financial Trading Up 0.9 %

BFH opened at $36.97 on Monday. The company’s 50 day moving average is $36.52 and its 200-day moving average is $33.07. The company has a market cap of $1.83 billion, a P/E ratio of 4.66, a PEG ratio of 0.14 and a beta of 1.93. Bread Financial Holdings, Inc. has a 1-year low of $23.19 and a 1-year high of $41.89. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The company had revenue of $991.00 million for the quarter, compared to the consensus estimate of $998.96 million. During the same period in the previous year, the firm posted $9.08 EPS. The business’s quarterly revenue was down 23.1% compared to the same quarter last year. Equities research analysts predict that Bread Financial Holdings, Inc. will post 6.56 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Thursday, May 9th. Bread Financial’s payout ratio is 10.58%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $36.00 price objective on shares of Bread Financial in a report on Friday, January 26th. BMO Capital Markets boosted their price objective on shares of Bread Financial from $31.00 to $33.00 and gave the company a “market perform” rating in a report on Friday. Barclays lowered their target price on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a report on Tuesday, April 9th. Evercore ISI downgraded Bread Financial from an “in-line” rating to an “underperform” rating and increased their price target for the stock from $29.00 to $33.00 in a research report on Wednesday, January 3rd. Finally, Wolfe Research raised Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a report on Thursday, April 4th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.64.

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.