Vanguard Group Inc. Has $294.12 Million Holdings in Bread Financial Holdings, Inc. $BFH

Vanguard Group Inc. raised its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,273,797 shares of the company’s stock after purchasing an additional 30,962 shares during the quarter. Vanguard Group Inc. owned approximately 0.12% of Bread Financial worth $294,120,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BFH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Bread Financial by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,589 shares of the company’s stock worth $1,482,000 after acquiring an additional 1,286 shares during the last quarter. Millennium Management LLC raised its position in Bread Financial by 46.5% in the 1st quarter. Millennium Management LLC now owns 345,902 shares of the company’s stock worth $17,323,000 after purchasing an additional 109,864 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Bread Financial by 104.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock worth $36,889,000 after buying an additional 376,920 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Bread Financial by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,833 shares of the company’s stock valued at $7,904,000 after buying an additional 4,624 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Bread Financial in the 1st quarter valued at $65,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BFH shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $72.00 price objective on shares of Bread Financial in a research note on Thursday, December 4th. Keefe, Bruyette & Woods upped their price target on Bread Financial from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Bread Financial in a research note on Monday, December 29th. The Goldman Sachs Group upgraded shares of Bread Financial from a “sell” rating to a “hold” rating and set a $84.00 target price on the stock in a report on Tuesday, January 6th. Finally, Evercore upgraded shares of Bread Financial from a “hold” rating to an “outperform” rating and set a $90.00 price objective for the company in a research report on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Bread Financial currently has a consensus rating of “Hold” and an average price target of $80.09.

Bread Financial Stock Down 10.6%

Bread Financial stock opened at $70.87 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.27. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $82.03. The company has a fifty day simple moving average of $74.25 and a 200 day simple moving average of $67.43. The company has a market cap of $3.06 billion, a P/E ratio of 6.54, a price-to-earnings-growth ratio of 0.50 and a beta of 1.26.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $0.40 by $1.67. Bread Financial had a return on equity of 17.92% and a net margin of 11.02%.The company had revenue of $975.00 million during the quarter, compared to analysts’ expectations of $954.74 million. During the same quarter last year, the company earned $0.41 EPS. Research analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.3%. Bread Financial’s payout ratio is presently 8.49%.

Bread Financial declared that its Board of Directors has approved a share buyback plan on Thursday, February 26th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 19% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Bread Financial Profile

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.