OMERS ADMINISTRATION Corp Acquires Shares of 20,000 Bread Financial Holdings, Inc. $BFH

OMERS ADMINISTRATION Corp bought a new position in Bread Financial Holdings, Inc. (NYSE:BFH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 20,000 shares of the company’s stock, valued at approximately $1,142,000.

Other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas grew its stake in Bread Financial by 2.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 7,460 shares of the company’s stock valued at $426,000 after buying an additional 192 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Bread Financial by 1.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,951 shares of the company’s stock worth $683,000 after purchasing an additional 203 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Bread Financial by 2.5% during the second quarter. Envestnet Asset Management Inc. now owns 11,085 shares of the company’s stock valued at $633,000 after buying an additional 269 shares during the period. Castlekeep Investment Advisors LLC lifted its holdings in shares of Bread Financial by 1.3% in the second quarter. Castlekeep Investment Advisors LLC now owns 27,545 shares of the company’s stock worth $1,573,000 after buying an additional 346 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its position in shares of Bread Financial by 4.3% in the second quarter. Prospera Financial Services Inc now owns 8,574 shares of the company’s stock valued at $490,000 after acquiring an additional 352 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Trading Up 1.8%

Shares of BFH stock opened at $69.29 on Wednesday. The business has a 50-day moving average price of $61.42 and a two-hundred day moving average price of $59.78. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month high of $69.67. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.16 billion, a P/E ratio of 7.06, a price-to-earnings-growth ratio of 0.43 and a beta of 1.28.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $4.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $1.91. Bread Financial had a net margin of 10.08% and a return on equity of 15.97%. The company had revenue of $161.00 million during the quarter, compared to analysts’ expectations of $974.30 million. During the same quarter in the prior year, the company earned $1.83 EPS. The firm’s revenue was down 1.2% on a year-over-year basis. Equities analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 7th will be issued a $0.23 dividend. This is a boost from Bread Financial’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.92 dividend on an annualized basis and a yield of 1.3%. Bread Financial’s payout ratio is 9.37%.

Bread Financial declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 27th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bread Financial in a research note on Monday. Zacks Research raised Bread Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. boosted their target price on Bread Financial from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Morgan Stanley set a $55.00 target price on Bread Financial and gave the stock an “underweight” rating in a research note on Friday, October 24th. Finally, Evercore ISI lifted their price target on Bread Financial from $64.00 to $72.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $70.00.

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.