Arrowstreet Capital Limited Partnership Buys 247,437 Shares of Bread Financial Holdings, Inc. $BFH

Arrowstreet Capital Limited Partnership lifted its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 25.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,233,121 shares of the company’s stock after purchasing an additional 247,437 shares during the period. Arrowstreet Capital Limited Partnership owned 2.64% of Bread Financial worth $70,436,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. US Bancorp DE increased its position in Bread Financial by 6.9% in the first quarter. US Bancorp DE now owns 16,122 shares of the company’s stock worth $807,000 after buying an additional 1,035 shares during the last quarter. Sierra Summit Advisors LLC purchased a new position in shares of Bread Financial during the 1st quarter valued at $590,000. Mizuho Markets Americas LLC grew its stake in shares of Bread Financial by 31.8% during the 1st quarter. Mizuho Markets Americas LLC now owns 308,173 shares of the company’s stock worth $15,433,000 after acquiring an additional 74,423 shares during the period. Invesco Ltd. increased its holdings in Bread Financial by 43.6% in the 1st quarter. Invesco Ltd. now owns 529,049 shares of the company’s stock worth $26,495,000 after acquiring an additional 160,580 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its stake in Bread Financial by 49.3% in the 1st quarter. Public Sector Pension Investment Board now owns 184,990 shares of the company’s stock valued at $9,264,000 after acquiring an additional 61,092 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on BFH shares. Royal Bank Of Canada upped their price objective on shares of Bread Financial from $64.00 to $70.00 and gave the company a “sector perform” rating in a report on Friday, October 24th. TD Cowen boosted their price target on shares of Bread Financial from $63.00 to $68.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Bread Financial in a research note on Monday. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $72.00 price objective on shares of Bread Financial in a research note on Thursday. Finally, The Goldman Sachs Group boosted their target price on shares of Bread Financial from $60.00 to $68.00 and gave the company a “sell” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Bread Financial currently has a consensus rating of “Hold” and an average target price of $70.00.

Bread Financial Trading Up 1.0%

Shares of BFH stock opened at $71.98 on Friday. The company has a market capitalization of $3.29 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 0.45 and a beta of 1.28. Bread Financial Holdings, Inc. has a 52-week low of $38.21 and a 52-week high of $72.09. The business’s fifty day moving average is $61.87 and its 200 day moving average is $59.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19.

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

Bread Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 7th will be paid a $0.23 dividend. This is an increase from Bread Financial’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 7th. Bread Financial’s payout ratio is 9.37%.

Bread Financial declared that its board has approved a share buyback program on Wednesday, August 27th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.