Bread Financial Holdings, Inc. (NYSE:BFH) Shares Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. boosted its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 152.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 645,689 shares of the company’s stock after purchasing an additional 390,413 shares during the quarter. Point72 Asset Management L.P. owned approximately 1.30% of Bread Financial worth $28,772,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in Bread Financial in the 1st quarter worth $33,000. CWM LLC increased its stake in shares of Bread Financial by 47.5% during the second quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after purchasing an additional 550 shares in the last quarter. Point72 DIFC Ltd raised its position in shares of Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after purchasing an additional 397 shares during the last quarter. National Bank of Canada FI lifted its stake in Bread Financial by 70.3% in the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock valued at $88,000 after buying an additional 800 shares in the last quarter. Finally, Pinnacle Holdings LLC acquired a new stake in Bread Financial in the 4th quarter worth about $83,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Trading Up 0.2 %

Shares of Bread Financial stock opened at $46.59 on Friday. Bread Financial Holdings, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $59.66. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 5.87, a PEG ratio of 0.17 and a beta of 1.95. The stock has a 50 day moving average of $52.13 and a 200 day moving average of $44.34.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $922.01 million. During the same period last year, the company earned $1.27 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, research analysts predict that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were issued a $0.21 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.80%. Bread Financial’s dividend payout ratio is currently 10.58%.

Analyst Upgrades and Downgrades

BFH has been the subject of a number of research analyst reports. Jefferies Financial Group increased 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. Compass Point raised their price objective on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a report on Thursday, June 20th. JPMorgan Chase & Co. raised their price target on shares of Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Finally, BTIG Research started coverage on shares of Bread Financial in a research note on Friday, June 7th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.71.

About Bread Financial

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.