Bridgeway Capital Management LLC Purchases 50,474 Shares of Bread Financial Holdings, Inc. (NYSE:BFH) (2024)

Bridgeway Capital Management LLC increased its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 528,003 shares of the company's stock after purchasing an additional 50,474 shares during the period. Bridgeway Capital Management LLC owned 1.07% of Bread Financial worth $17,392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New York State Common Retirement Fund raised its position in Bread Financial by 2.1% in the third quarter. New York State Common Retirement Fund now owns 73,695 shares of the company's stock valued at $2,520,000 after purchasing an additional 1,546 shares during the period. Swiss National Bank raised its position in Bread Financial by 0.9% in the 3rd quarter. Swiss National Bank now owns 110,123 shares of the company's stock valued at $3,766,000 after purchasing an additional 1,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Bread Financial by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 635,136 shares of the company's stock worth $21,722,000 after buying an additional 22,464 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Bread Financial by 9.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 15,637 shares of the company's stock valued at $535,000 after acquiring an additional 1,295 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Bread Financial by 8.3% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 36,064 shares of the company's stock valued at $1,233,000 after purchasing an additional 2,758 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BFH has been the topic of several recent analyst reports. BTIG Research assumed coverage on Bread Financial in a research note on Friday, June 7th. They issued a "neutral" rating on the stock. Argus downgraded shares of Bread Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, May 1st. Wolfe Research raised Bread Financial from a "peer perform" rating to an "outperform" rating and set a $48.00 target price for the company in a research report on Thursday, April 4th. Barclays dropped 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. Finally, Keefe, Bruyette & Woods raised Bread Financial from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $38.00 to $67.00 in a report on Thursday, May 2nd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $39.17.

Check Out Our Latest Analysis on BFH

Bread Financial Stock Performance

Shares of BFH stock traded up $0.04 during trading hours on Thursday, reaching $40.25. 634,871 shares of the company's stock were exchanged, compared to its average volume of 786,344. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. Bread Financial Holdings, Inc. has a 1 year low of $26.08 and a 1 year high of $42.73. The company has a market cap of $2.00 billion, a P/E ratio of 5.06, a price-to-earnings-growth ratio of 0.18 and a beta of 1.94. The company's 50 day moving average is $38.78 and its two-hundred day moving average is $35.92.

Bread Financial (NYSE:BFH - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing analysts' consensus estimates of $2.92 by ($0.19). The business had revenue of $991.00 million during the quarter, compared to analyst estimates of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. Bread Financial's revenue was down 23.1% compared to the same quarter last year. During the same period last year, the business posted $9.08 EPS. Equities research analysts anticipate that Bread Financial Holdings, Inc. will post 5.58 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.09%. Bread Financial's payout ratio is 10.58%.

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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