Bread Financial Holdings, Inc. $BFH Stock Position Raised by Edgestream Partners L.P.

Edgestream Partners L.P. grew its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 1,449.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,920 shares of the company’s stock after buying an additional 79,439 shares during the quarter. Edgestream Partners L.P. owned approximately 0.18% of Bread Financial worth $4,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in BFH. Quarry LP raised its position in Bread Financial by 947.5% during the first quarter. Quarry LP now owns 639 shares of the company’s stock valued at $32,000 after acquiring an additional 578 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of Bread Financial during the 2nd quarter worth $42,000. Strs Ohio bought a new position in shares of Bread Financial during the 1st quarter valued at $65,000. State of Wyoming acquired a new stake in shares of Bread Financial in the 1st quarter valued at $92,000. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new stake in Bread Financial in the second quarter worth $166,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bread Financial in a research report on Monday. Barclays raised their price objective on Bread Financial from $50.00 to $52.00 and gave the company an “underweight” rating in a research note on Friday, October 24th. Morgan Stanley set a $55.00 target price on Bread Financial and gave the stock an “underweight” rating in a research report on Friday, October 24th. TD Cowen increased their price target on Bread Financial from $63.00 to $68.00 and gave the company a “hold” rating in a report on Friday, October 24th. Finally, Zacks Research upgraded shares of Bread Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Bread Financial presently has an average rating of “Hold” and a consensus price target of $70.00.

Bread Financial Stock Performance

Shares of NYSE BFH opened at $69.29 on Wednesday. Bread Financial Holdings, Inc. has a 12 month low of $38.21 and a 12 month high of $69.67. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.16 billion, a P/E ratio of 7.06, a P/E/G ratio of 0.43 and a beta of 1.28. The business’s 50 day moving average is $61.42 and its two-hundred day moving average is $59.78.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $1.91. Bread Financial had a net margin of 10.08% and a return on equity of 15.97%. The business had revenue of $161.00 million for the quarter, compared to the consensus estimate of $974.30 million. During the same quarter last year, the company posted $1.83 earnings per share. Bread Financial’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial announced that its board has authorized a stock buyback plan on Wednesday, August 27th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Bread Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 7th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, November 7th. This is a positive change from Bread Financial’s previous quarterly dividend of $0.21. Bread Financial’s payout ratio is presently 9.37%.

Bread Financial Company 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.