Edgestream Partners L.P. Makes New Investment in Bread Financial Holdings, Inc. (NYSE:BFH)

Edgestream Partners L.P. bought a new position in Bread Financial Holdings, Inc. (NYSE:BFH) in the second quarter, HoldingsChannel reports. The fund bought 29,636 shares of the company’s stock, valued at approximately $1,321,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Arizona State Retirement System increased its position in shares of Bread Financial by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock valued at $617,000 after purchasing an additional 279 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Bread Financial by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock valued at $1,110,000 after purchasing an additional 500 shares during the last quarter. CWM LLC increased its position in shares of Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after purchasing an additional 550 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of Bread Financial by 2.4% during the 4th quarter. Quadrature Capital Ltd now owns 25,993 shares of the company’s stock valued at $856,000 after purchasing an additional 611 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Bread Financial by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 10,011 shares of the company’s stock valued at $373,000 after purchasing an additional 688 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Down 1.1 %

NYSE BFH opened at $52.47 on Friday. The stock has a 50 day moving average price of $52.38 and a 200-day moving average price of $44.06. Bread Financial Holdings, Inc. has a one year low of $26.08 and a one year high of $59.66. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $2.60 billion, a P/E ratio of 6.61, a P/E/G ratio of 0.16 and a beta of 1.95.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $1.06. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The firm had revenue of $939.00 million during the quarter, compared to analyst estimates of $922.01 million. During the same period last year, the firm posted $1.27 earnings per share. Bread Financial’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities analysts predict that Bread Financial Holdings, Inc. will post 7.49 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, August 9th. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Compass Point upped their price target on shares of Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $67.00 price objective on shares of Bread Financial in a research note on Monday, June 17th. TD Cowen boosted their price objective on Bread Financial from $44.00 to $57.00 and gave the company a “hold” rating in a research note on Friday, July 26th. BTIG Research started coverage on Bread Financial in a research note on Friday, June 7th. They set a “neutral” rating for the company. Finally, Barclays boosted their price objective on Bread Financial from $32.00 to $37.00 and gave the company an “underweight” rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $50.00.

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.