Bread Financial Holdings, Inc. (NYSE:BFH) Shares Acquired by Wellington Management Group LLP (2024)

Posted by Defense World Staff on Jun 22nd, 2024

Wellington Management Group LLP grew its stake in Bread Financial Holdings, Inc. (NYSE:BFH – Free Report) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,107,253 shares of the company’s stock after buying an additional 152,954 shares during the period. Wellington Management Group LLP owned 4.26% of Bread Financial worth $69,413,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Sierra Summit Advisors LLC acquired a new position in shares of Bread Financial in the 4th quarter valued at $220,000. Bridgeway Capital Management LLC boosted its holdings in shares of Bread Financial by 10.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 528,003 shares of the company’s stock valued at $17,392,000 after buying an additional 50,474 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Bread Financial in the 4th quarter valued at $83,000. Vista Investment Management boosted its holdings in shares of Bread Financial by 6.8% in the 4th quarter. Vista Investment Management now owns 25,271 shares of the company’s stock valued at $832,000 after buying an additional 1,613 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Bread Financial by 20.0% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 392,260 shares of the company’s stock valued at $12,921,000 after buying an additional 65,450 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Stock Down 0.2 %

Shares of Bread Financial stock opened at $43.96 on Friday. The company has a market cap of $2.18 billion, a P/E ratio of 5.54, a PEG ratio of 0.18 and a beta of 1.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. Bread Financial Holdings, Inc. has a one year low of $26.08 and a one year high of $44.56. The firm has a fifty day moving average of $39.61 and a two-hundred day moving average of $36.51.

Bread Financial (NYSE:BFH – Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The company had revenue of $991.00 million for the quarter, compared to analyst estimates of $998.96 million. During the same period last year, the company earned $9.08 earnings per share. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. On average, analysts forecast that Bread Financial Holdings, Inc. will post 5.63 earnings per share for the current year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 10th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.91%. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Analysts Set New Price Targets

BFH has been the subject of several research reports. Royal Bank of Canada upped their price target on shares of Bread Financial from $38.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday. Barclays reduced their price target on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research report on Tuesday, April 9th. BTIG Research initiated coverage on shares of Bread Financial in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $67.00 price target on shares of Bread Financial in a research report on Monday, June 17th. Finally, JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.92.

Check Out Our Latest Analysis on Bread Financial

Bread Financial Company Profile

(Free Report)

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.

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