2 weeks Ago By Defense World Staff
Bread Financial Holdings, Inc. ( NYSE:BFH – Get Free Report ) has been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the firm, MarketBeat.com reports.
Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $49.71.
A number of research firms have weighed in on BFH. Jefferies Financial Group increased their target price on shares of Bread Financial from $35.00 to $45.
00 and gave the company a “hold” rating in a research report on Tuesday, July 9th. TD Cowen increased their price target on Bread Financial from $44.00 to $57.
00 and gave the stock a “hold” rating in a report on Friday, July 26th. 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.
JPMorgan Chase & Co. raised their target price on Bread Financial from $48.00 to $59.
00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Finally, Barclays boosted their price target on Bread Financial from $32.00 to $37.
00 and gave the company an “underweight” rating in a research note on Friday, July 26th. Get Our Latest Analysis on BFH Bread Financial Stock Performance Bread Financial ( NYSE:BFH – Get Free Report ) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.
66 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $922.01 million.
During the same quarter in the previous year, the company posted $1.27 EPS. The business’s revenue was down 1.
4% on a year-over-year basis. Equities research analysts forecast that Bread Financial will post 7.49 EPS for the current year.
Bread Financial Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were given a dividend of $0.21 per share.
This represents a $0.84 annualized dividend and a dividend yield of 1.80%.
The ex-dividend date of this dividend was Friday, August 9th. Bread Financial’s payout ratio is presently 10.58%.
Institutional Trading of Bread Financial Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Bread Financial by 3.
8% during the first quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock worth $217,766,000 after buying an additional 216,274 shares in the last quarter.
Dimensional Fund Advisors LP grew its stake in shares of Bread Financial by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company’s stock worth $141,386,000 after acquiring an additional 70,092 shares in the last quarter.
Wellington Management Group LLP raised its holdings in shares of Bread Financial by 7.8% in the fourth quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock valued at $69,413,000 after purchasing an additional 152,954 shares during the last quarter.
Millennium Management LLC lifted its position in shares of Bread Financial by 81.6% during the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock valued at $65,245,000 after purchasing an additional 657,968 shares in the last quarter.
Finally, Victory Capital Management Inc. grew its position in Bread Financial by 6.1% in the 2nd quarter.
Victory Capital Management Inc. now owns 1,249,669 shares of the company’s stock worth $55,685,000 after purchasing an additional 71,777 shares in the last quarter. 99.
52% of the stock is owned by hedge funds and other institutional investors. Bread Financial Company Profile ( Get 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.
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