Edgestream Partners L.P. Has $4.85 Million Holdings in Bread Financial Holdings, Inc. $BFH

Edgestream Partners L.P. increased its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 1,449.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,920 shares of the company’s stock after purchasing an additional 79,439 shares during the period. Edgestream Partners L.P.’s holdings in Bread Financial were worth $4,851,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BFH. Franklin Resources Inc. boosted its stake in Bread Financial by 16.9% during the second quarter. Franklin Resources Inc. now owns 1,720,613 shares of the company’s stock worth $98,281,000 after buying an additional 248,401 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Bread Financial by 2.0% during the 2nd quarter. American Century Companies Inc. now owns 1,490,745 shares of the company’s stock worth $85,151,000 after acquiring an additional 28,901 shares during the period. Wellington Management Group LLP boosted its position in shares of Bread Financial by 45.0% during the 1st quarter. Wellington Management Group LLP now owns 1,320,418 shares of the company’s stock valued at $66,127,000 after acquiring an additional 409,877 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Bread Financial by 9.9% during the 2nd quarter. Pzena Investment Management LLC now owns 800,143 shares of the company’s stock valued at $45,704,000 after acquiring an additional 71,939 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Bread Financial by 104.8% in the first quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock valued at $36,889,000 after acquiring an additional 376,920 shares during the period. 99.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BFH has been the subject of a number of analyst reports. Wall Street Zen cut shares of Bread Financial from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Morgan Stanley set a $55.00 target price on Bread Financial and gave the stock an “underweight” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. upped their price target on Bread Financial from $70.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Royal Bank Of Canada increased their price objective on Bread Financial from $64.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Friday, October 24th. Finally, TD Cowen boosted their target price on shares of Bread Financial from $63.00 to $68.00 and gave the company a “hold” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $70.00.

Bread Financial Stock Up 1.8%

Shares of NYSE BFH opened at $69.29 on Wednesday. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month high of $69.67. The firm’s 50-day simple moving average is $61.42 and its 200 day simple moving average is $59.78. 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 company has a market cap of $3.16 billion, a price-to-earnings 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 earnings results on Thursday, October 23rd. The company reported $4.02 earnings per share for the quarter, topping 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 the consensus estimate of $974.30 million. During the same period in the previous year, the firm posted $1.83 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. On average, research analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 7th will be given a $0.23 dividend. This is a boost from Bread Financial’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, November 7th. This represents a $0.92 annualized dividend and a yield of 1.3%. Bread Financial’s dividend payout ratio is presently 9.37%.

Bread Financial declared that its Board of Directors has approved a share buyback plan on Wednesday, August 27th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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.