Vanguard Group Inc. Has $185.50 Million Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Vanguard Group Inc. lessened its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,631,371 shares of the company’s stock after selling 80,494 shares during the quarter. Vanguard Group Inc. owned 11.39% of Bread Financial worth $185,497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its holdings in shares of Bread Financial by 1,280.6% during the 4th quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock valued at $80,000 after purchasing an additional 2,241 shares in the last quarter. Pinnacle Holdings LLC bought a new position in Bread Financial in the fourth quarter valued at approximately $83,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Bread Financial by 19.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock valued at $124,000 after buying an additional 603 shares during the period. Quest Partners LLC bought a new stake in shares of Bread Financial during the fourth quarter worth $145,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Bread Financial during the fourth quarter worth $206,000. 99.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BFH. Wolfe Research raised Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Thursday, April 4th. BTIG Research assumed coverage on Bread Financial in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. BMO Capital Markets raised their price target on shares of Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a report on Thursday, June 20th. Finally, Royal Bank of Canada raised their target price on shares of Bread Financial from $38.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.92.

Bread Financial Price Performance

Bread Financial stock opened at $45.43 on Wednesday. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 5.72, a PEG ratio of 0.20 and a beta of 1.98. The stock’s 50 day moving average is $41.05 and its 200-day moving average is $37.20. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. Bread Financial Holdings, Inc. has a 12 month low of $26.08 and a 12 month high of $46.22.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.19). The firm had revenue of $991.00 million for the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The firm’s quarterly revenue was down 23.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.08 EPS. Equities research analysts expect that Bread Financial Holdings, Inc. will post 5.63 EPS for the current year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 10th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.85%. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Bread Financial 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.