Xponance Inc. Makes New $296,000 Investment in Bread Financial Holdings, Inc. (NYSE:BFH)

Xponance Inc. acquired a new stake in Bread Financial Holdings, Inc. (NYSE:BFH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,646 shares of the company’s stock, valued at approximately $296,000.

Other hedge funds have also made changes to their positions in the company. Jennison Associates LLC purchased a new position in shares of Bread Financial in the 1st quarter valued at about $631,000. Bridgeway Capital Management LLC increased its holdings in shares of Bread Financial by 10.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 528,003 shares of the company’s stock valued at $17,392,000 after acquiring an additional 50,474 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Bread Financial in the 1st quarter valued at about $623,000. Public Employees Retirement System of Ohio purchased a new position in shares of Bread Financial in the 1st quarter valued at about $1,546,000. Finally, Wellington Management Group LLP grew its stake in Bread Financial by 7.8% during the 4th quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock worth $69,413,000 after buying an additional 152,954 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Bank of America dropped their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. BTIG Research assumed coverage on Bread Financial in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and set a $67.00 price target on shares of Bread Financial in a research note on Monday, June 17th. JMP Securities restated a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th. Finally, Jefferies Financial Group raised their price target on Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, July 9th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $49.71.

Bread Financial Stock Down 2.4 %

BFH opened at $46.42 on Wednesday. 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 business has a 50 day simple moving average of $52.00 and a 200-day simple moving average of $44.57. The stock has a market capitalization of $2.30 billion, a P/E ratio of 5.99, a P/E/G ratio of 0.17 and a beta of 1.95. Bread Financial Holdings, Inc. has a 12 month low of $26.08 and a 12 month high of $59.66.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.66 EPS for the quarter, beating the consensus estimate of $1.60 by $1.06. The business had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $922.01 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $1.27 EPS. On average, equities analysts anticipate that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently declared 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 1.81%. Bread Financial’s dividend payout ratio is currently 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.