Susquehanna Fundamental Investments LLC Buys 1,422 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Susquehanna Fundamental Investments LLC increased its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,759 shares of the company’s stock after buying an additional 1,422 shares during the quarter. Susquehanna Fundamental Investments LLC owned about 0.13% of Bread Financial worth $2,975,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in shares of Bread Financial in the first quarter worth approximately $33,000. CWM LLC increased its stake in Bread Financial by 47.5% in the second quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after purchasing an additional 550 shares during the period. Point72 DIFC Ltd lifted its position in shares of Bread Financial by 30.0% during the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after purchasing an additional 397 shares during the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of Bread Financial during the fourth quarter valued at $83,000. Finally, National Bank of Canada FI grew its holdings in shares of Bread Financial by 70.3% in the second quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after purchasing an additional 800 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on BFH. JPMorgan Chase & Co. lifted their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $67.00 price objective on shares of Bread Financial in a research note on Monday, June 17th. Compass Point lifted their target price on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. BTIG Research assumed coverage on Bread Financial in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Finally, Barclays lifted their price objective on Bread Financial from $32.00 to $37.00 and gave the company an “underweight” rating in a report on Friday, July 26th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $49.71.

Bread Financial Trading Up 1.8 %

NYSE:BFH opened at $47.58 on Tuesday. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 5.99, a PEG ratio of 0.17 and a beta of 1.95. Bread Financial Holdings, Inc. has a 52 week low of $26.08 and a 52 week high of $59.66. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $52.05 and a 200 day moving average of $44.50.

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

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, August 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.77%. 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.