Dimensional Fund Advisors LP Has $171.56 Million Stock Position in Bread Financial Holdings, Inc. $BFH

Dimensional Fund Advisors LP boosted its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,076,004 shares of the company’s stock after acquiring an additional 16,143 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of Bread Financial worth $171,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BFH. EverSource Wealth Advisors LLC raised its position in Bread Financial by 127.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock valued at $41,000 after buying an additional 398 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in Bread Financial in the second quarter worth about $42,000. Salomon & Ludwin LLC lifted its stake in Bread Financial by 136.2% in the third quarter. Salomon & Ludwin LLC now owns 888 shares of the company’s stock valued at $49,000 after purchasing an additional 512 shares during the last quarter. Strs Ohio bought a new position in shares of Bread Financial during the 1st quarter worth $65,000. Finally, Aster Capital Management DIFC Ltd boosted its position in Bread Financial by 500.7% during the third quarter. Aster Capital Management DIFC Ltd now owns 2,511 shares of the company’s stock worth $140,000 after purchasing an additional 2,093 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Stock Performance

Shares of BFH stock opened at $72.49 on Tuesday. Bread Financial Holdings, Inc. has a 12 month low of $38.21 and a 12 month high of $82.03. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.27. The company’s fifty day moving average price is $73.85 and its 200-day moving average price is $68.08. The stock has a market cap of $3.13 billion, a PE ratio of 6.69, a price-to-earnings-growth ratio of 0.46 and a beta of 1.20.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, January 29th. The company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $1.67. The firm had revenue of $975.00 million for the quarter, compared to analysts’ expectations of $954.74 million. Bread Financial had a return on equity of 17.92% and a net margin of 11.02%.During the same period in the previous year, the firm posted $0.41 EPS. On average, equities analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

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

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

Wall Street Analysts Forecast Growth

BFH has been the subject of a number of analyst reports. Zacks Research lowered Bread Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Evercore upgraded shares of Bread Financial from a “hold” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Thursday, February 5th. Morgan Stanley raised their target price on shares of Bread Financial from $62.00 to $68.00 and gave the company an “underweight” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $72.00 price objective on shares of Bread Financial in a report on Thursday, December 4th. Finally, Barclays boosted their target price on Bread Financial from $61.00 to $64.00 and gave the stock an “underweight” rating in a research report on Friday, January 30th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $80.09.

Bread Financial Company 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.