Bread Financial Holdings, Inc. (NYSE:BFH) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 4.9% during the 2nd quarter, Holdings Channel reports. The fund owned 27,252 shares of the company’s stock after acquiring an additional 1,276 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Bread Financial were worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of Bread Financial by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock valued at $617,000 after purchasing an additional 279 shares during the period. Point72 DIFC Ltd increased 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 valued at $77,000 after purchasing an additional 397 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Bread Financial by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock valued at $1,110,000 after purchasing an additional 500 shares during the period. CWM LLC increased its position in shares of Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after purchasing an additional 550 shares during the period. Finally, Ensign Peak Advisors Inc increased its position in shares of Bread Financial by 3.3% during the 2nd quarter. Ensign Peak Advisors Inc now owns 18,592 shares of the company’s stock valued at $828,000 after purchasing an additional 600 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Price Performance

NYSE BFH opened at $50.81 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 stock’s 50-day moving average is $51.33 and its two-hundred day moving average is $45.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $2.52 billion, a P/E ratio of 5.27, a price-to-earnings-growth ratio of 0.17 and a beta of 1.94.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $922.01 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 earnings per share. On average, analysts anticipate that Bread Financial Holdings, Inc. will post 7.44 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.65%. Bread Financial’s payout ratio is presently 8.70%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BFH. Bank of America decreased their target price on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Royal Bank of Canada lifted their target price on Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. JMP Securities restated a “market perform” rating on shares of Bread Financial in a report on Thursday, June 20th. TD Cowen lifted their target price on Bread Financial from $44.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, Jefferies Financial Group lifted their target price on Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $50.07.

Bread Financial Company 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.