3 days Ago By ABMN Staff
Bokf Na boosted its stake in shares of Bread Financial Holdings, Inc. ( NYSE:BFH – Free Report ) by 99.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 15,437 shares of the company’s stock after acquiring an additional 7,712 shares during the period. Bokf Na’s holdings in Bread Financial were worth $688,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors also recently modified their holdings of the business.
Vanguard Group Inc. grew its position in Bread Financial by 3.8% during the 1st quarter.
Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock worth $217,766,000 after acquiring an additional 216,274 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Bread Financial by 9.
3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company’s stock worth $98,823,000 after buying an additional 256,221 shares during the period. Wellington Management Group LLP lifted its holdings in 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.
lifted its holdings in 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. lifted its holdings in Bread Financial by 22.
4% during the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock worth $51,754,000 after buying an additional 212,276 shares during the period.
Institutional investors own 99.52% of the company’s stock. Analyst Upgrades and Downgrades A number of research analysts have recently issued reports on BFH shares.
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. Royal Bank of Canada boosted their target price on Bread Financial from $47.
00 to $58.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. JPMorgan Chase & Co.
boosted their target price on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th.
Compass Point boosted their price objective on Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th.
Finally, Jefferies Financial Group upped their target price on Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, July 9th.
Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $50.00.
Bread Financial Price Performance BFH stock opened at $48.10 on Monday. Bread Financial Holdings, Inc.
has a 52-week low of $26.08 and a 52-week high of $59.66.
The firm has a 50 day moving average price of $51.82 and a 200-day moving average price of $43.66.
The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 0.
16 and a beta of 1.95. The company has a debt-to-equity ratio of 0.
41, a quick ratio of 1.19 and a current ratio of 1.19.
Bread Financial ( NYSE:BFH – Get Free Report ) last posted its 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. The business had revenue of $939.
00 million during the quarter, compared to the consensus estimate of $922.01 million. Bread Financial had a net margin of 9.
77% and a return on equity of 16.24%. The firm’s revenue was down 1.
4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 EPS.
Equities research analysts forecast that Bread Financial Holdings, Inc. will post 7.49 EPS for the current fiscal year.
Bread Financial Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 9th were given a $0.21 dividend.
The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.84 annualized dividend and a yield of 1.
75%. Bread Financial’s payout ratio is 10.58%.
About Bread Financial ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding BFH? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Bread Financial Holdings, Inc. ( NYSE:BFH – Free Report ). Receive News & Ratings for Bread Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bread Financial and related companies with MarketBeat.
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