Point72 DIFC Ltd Purchases 397 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Point72 DIFC Ltd grew its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 30.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,721 shares of the company’s stock after acquiring an additional 397 shares during the period. Point72 DIFC Ltd’s holdings in Bread Financial were worth $77,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 216,274 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Bread Financial by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company’s stock worth $141,386,000 after buying an additional 70,092 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Bread Financial by 7.8% during the 4th quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock worth $69,413,000 after buying an additional 152,954 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Bread Financial by 6.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,249,669 shares of the company’s stock worth $55,685,000 after buying an additional 71,777 shares during the period. Finally, American Century Companies Inc. grew its stake in 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 buying an additional 212,276 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Stock Performance

Shares of NYSE:BFH opened at $46.73 on Friday. Bread Financial Holdings, Inc. has a 1 year low of $26.08 and a 1 year high of $59.66. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 5.89, a price-to-earnings-growth ratio of 0.17 and a beta of 1.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. The company’s 50 day simple moving average is $52.05 and its 200 day simple moving average is $44.41.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.66 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 company had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $922.01 million. During the same quarter in the previous year, the firm earned $1.27 EPS. Bread Financial’s 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 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.80%. Bread Financial’s dividend payout ratio (DPR) is currently 10.58%.

Analysts Set New Price Targets

BFH has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their price objective on Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, July 9th. JPMorgan Chase & Co. boosted their price target on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. BTIG Research started coverage on Bread Financial in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $67.00 target price on shares of Bread Financial in a research report on Monday, June 17th. Finally, The Goldman Sachs Group upped their price target on shares of Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Three equities research 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 company presently has an average rating of “Hold” and an average price target of $49.71.

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.