Wellington Management Group LLP Acquires 152,954 Shares of Bread Financial Holdings, Inc. (NYSE:BFH) (2024)

Wellington Management Group LLP increased its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,107,253 shares of the company's stock after acquiring an additional 152,954 shares during the period. Wellington Management Group LLP owned approximately 4.26% of Bread Financial worth $69,413,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BFH. Deutsche Bank AG increased its holdings in shares of Bread Financial by 586.5% in the 3rd quarter. Deutsche Bank AG now owns 712,566 shares of the company's stock worth $24,370,000 after acquiring an additional 608,769 shares during the period. Norges Bank acquired a new position in Bread Financial during the 4th quarter valued at about $14,365,000. Jacobs Levy Equity Management Inc. acquired a new position in Bread Financial during the 3rd quarter valued at about $13,687,000. Dimensional Fund Advisors LP increased its stake in Bread Financial by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company's stock valued at $98,823,000 after buying an additional 256,221 shares during the period. Finally, Basswood Capital Management L.L.C. acquired a new position in Bread Financial during the 4th quarter valued at about $7,263,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Trading Down 0.2 %

Shares of BFH traded down $0.07 during midday trading on Friday, hitting $43.96. The stock had a trading volume of 1,520,663 shares, compared to its average volume of 570,433. Bread Financial Holdings, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $44.56. The business has a 50-day simple moving average of $39.61 and a two-hundred day simple moving average of $36.51. The firm has a market cap of $2.18 billion, a P/E ratio of 5.54, a price-to-earnings-growth ratio of 0.20 and a beta of 1.94. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43.

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

Bread Financial Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $67.00 target price on shares of Bread Financial in a research note on Monday, June 17th. Wolfe Research raised shares of Bread Financial from a "peer perform" rating to an "outperform" rating and set a $48.00 price objective on the stock in a research note on Thursday, April 4th. Barclays lowered their price objective on shares of Bread Financial from $27.00 to $26.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 9th. Royal Bank of Canada lifted their price objective on shares of Bread Financial from $38.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Thursday. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research note on Thursday. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Bread Financial has a consensus rating of "Hold" and an average target price of $40.92.

Get Our Latest Research Report on BFH

About Bread Financial

(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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