Allspring Global Investments Holdings LLC Raises Stock Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Allspring Global Investments Holdings LLC raised its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 47.3% in the third quarter, Holdings Channel.com reports. The fund owned 5,629 shares of the company’s stock after acquiring an additional 1,808 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Bread Financial were worth $268,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BFH. GAMMA Investing LLC lifted its position in shares of Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after acquiring an additional 260 shares in the last quarter. Arizona State Retirement System lifted its position in Bread Financial by 2.1% during the second quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock worth $617,000 after buying an additional 279 shares in the last quarter. Point72 DIFC Ltd lifted its position in Bread Financial by 30.0% during the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after buying an additional 397 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Bread Financial by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock worth $1,110,000 after buying an additional 500 shares in the last quarter. Finally, CWM LLC lifted its position in 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 buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analysts Set New Price Targets

BFH has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Jefferies Financial Group raised their target price on Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, July 9th. TD Cowen raised their target price on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Evercore ISI raised their target price on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.64.

Bread Financial Trading Up 1.8 %

NYSE:BFH opened at $50.75 on Monday. The firm has a market cap of $2.52 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 0.17 and a beta of 1.94. The stock has a fifty day moving average price of $51.19 and a 200 day moving average price of $46.90. Bread Financial Holdings, Inc. has a 12-month low of $26.27 and a 12-month high of $59.66. The company has a current ratio of 1.17, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). The company had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $3.46 earnings per share. Sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 7.59 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.66%. Bread Financial’s dividend payout ratio (DPR) is presently 13.38%.

Insiders Place Their Bets

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was bought at an average cost of $51.02 per share, with a total value of $51,020.00. Following the acquisition, the director now directly owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is owned by company insiders.

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.