Marshall Wace LLP acquires 33,848 shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Marshall Wace LLP raised its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH – Free Report) by 372.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 42,948 shares of the company’s stock after buying an additional 33,848 shares during the quarter. Marshall Wace LLP’s holdings in Bread Financial were worth $1,914,000 at the end of the most recent reporting period.

Several other hedge funds have recently modified their holdings of BFH. Headlands Technologies LLC purchased a new position in Bread Financial in the first quarter valued at $33,000. CWM LLC raised its position in shares of Bread Financial by 47.5% in the second quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after buying an additional 550 shares in the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Bread Financial in the fourth quarter valued at about $83,000. National Bank of Canada FI grew its position in shares of Bread Financial by 70.3% in the second quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after buying an additional 800 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Bread Financial in the second quarter valued at about $135,000. Hedge funds and other institutional investors own 99.52% of the company’s shares.

Financial trading of bread increased by 2.5%

Shares of NYSE BFH opened at $48.35 on Friday. Bread Financial Holdings, Inc. it 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 company has a market cap of $2.40 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 0.17 and a beta of 1.94. The company’s 50-day moving average price is $51.58 and its 200-day moving average price is $44.74.

Bread Financial (NYSE:BFH – Get Your Free Report ) last posted its earnings results on Thursday, July 25th. The company reported $2.66 earnings per share 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 company’s revenue was down 1.4% compared to the same quarter last year. In the same quarter last year, the company posted earnings of $1.27 per share. On average, sell-side analysts expect that Bread Financial Holdings, Inc. to post 7.49 earnings per share for the current year.

Bread Financial announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, August 9. This represents a dividend of $0.84 on an annualized basis and a yield of 1.74%. Bread Financial’s payout ratio is 10.58%.

Changes in Analyst Ratings

A number of analysts have issued reports on BFH shares. Goldman Sachs Group raised their price objective on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. TD Cowen boosted their price target on shares of Bread Financial from $44.00 to $57.00 and gave the company a “hold” rating in a research note on Friday, July 26th. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th. Compass Point upped their target price on shares of Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Barclays raised their target price on Bread Financial from $32.00 to $37.00 and gave the stock an “underweight” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Bread Financial has an average rating of “Hold” and an average target price of $49.71.

Get the latest stock analysis on BFH

Bread Financial Company Profile

(Free report)

Bread Financial Holdings, Inc provides advanced payment and credit solutions to customers and consumer-based industries in North America. Provides credit card and other loan financing services, including risk management solutions, account creation and financing services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity brand general purpose refund credit.

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