Dimensional Fund Advisors LP Has $171.56 Million Stock Holdings in Bread Financial Holdings, Inc. $BFH

Dimensional Fund Advisors LP lifted its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,076,004 shares of the company’s stock after acquiring an additional 16,143 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.74% of Bread Financial worth $171,557,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BFH. AlphaQuest LLC acquired a new stake in shares of Bread Financial in the 3rd quarter valued at approximately $1,620,000. Allianz Asset Management GmbH lifted its position in Bread Financial by 44.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 943,659 shares of the company’s stock valued at $52,628,000 after acquiring an additional 290,803 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of Bread Financial in the second quarter valued at about $2,569,000. SG Americas Securities LLC boosted its position in Bread Financial by 748.3% during the 3rd quarter. SG Americas Securities LLC now owns 17,347 shares of the company’s stock worth $967,000 after acquiring an additional 15,302 shares during the last quarter. Finally, Mizuho Markets Americas LLC boosted its holdings in Bread Financial by 11.5% during the third quarter. Mizuho Markets Americas LLC now owns 363,445 shares of the company’s stock worth $20,269,000 after purchasing an additional 37,466 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Performance

Shares of BFH opened at $72.49 on Tuesday. The stock has a market capitalization of $3.13 billion, a P/E ratio of 6.69, a price-to-earnings-growth ratio of 0.46 and a beta of 1.20. Bread Financial Holdings, Inc. has a 12 month low of $38.21 and a 12 month high of $82.03. The firm’s fifty day simple moving average is $73.85 and its two-hundred day simple moving average is $68.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.27.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, January 29th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $0.40 by $1.67. Bread Financial had a net margin of 11.02% and a return on equity of 17.92%. The company had revenue of $975.00 million during the quarter, compared to analyst estimates of $954.74 million. During the same quarter in the previous year, the business posted $0.41 EPS. As a group, analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, February 27th. Bread Financial’s payout ratio is 8.49%.

Bread Financial declared that its board has initiated a share buyback program on Thursday, February 26th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 19% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

BFH has been the subject of several recent research reports. Evercore raised Bread Financial from a “hold” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Thursday, February 5th. Barclays increased their price target on Bread Financial from $61.00 to $64.00 and gave the company an “underweight” rating in a research note on Friday, January 30th. Wall Street Zen downgraded Bread Financial from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bread Financial in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods raised their price objective on Bread Financial from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Bread Financial presently has a consensus rating of “Hold” and an average target price of $80.09.

Bread Financial Company Profile

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.