18,133 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Bought by XTX Topco Ltd

XTX Topco Ltd acquired a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,133 shares of the company’s stock, valued at approximately $808,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC acquired a new position in Bread Financial during the first quarter worth $631,000. Bridgeway Capital Management LLC raised its holdings in shares of Bread Financial by 10.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 528,003 shares of the company’s stock worth $17,392,000 after acquiring an additional 50,474 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Bread Financial in the first quarter worth $623,000. Public Employees Retirement System of Ohio acquired a new position in shares of Bread Financial in the first quarter worth $1,546,000. Finally, Wellington Management Group LLP raised its holdings in shares of Bread Financial by 7.8% in the fourth quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock worth $69,413,000 after acquiring an additional 152,954 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Price Performance

BFH stock opened at $52.47 on Monday. Bread Financial Holdings, Inc. has a 12-month low of $26.08 and a 12-month high of $59.66. The stock has a 50-day moving average price of $52.38 and a two-hundred day moving average price of $44.15. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. The company has a market cap of $2.60 billion, a PE ratio of 6.61, a price-to-earnings-growth ratio of 0.16 and a beta of 1.95.

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

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, August 9th. Bread Financial’s payout ratio is 10.58%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BFH shares. BTIG Research started coverage on Bread Financial in a report on Friday, June 7th. They issued a “neutral” rating for the company. Barclays boosted their price target on Bread Financial from $32.00 to $37.00 and gave the stock an “underweight” rating in a report on Friday, July 26th. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $67.00 target price on shares of Bread Financial in a research note on Monday, June 17th. Finally, Royal Bank of Canada upped their target price on Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.