Bread Financial Holdings, Inc. (NYSE:BFH – Get Rating) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $53.00.
BFH has been the subject of a number of recent analyst reports. Stephens cut their price objective on Bread Financial to $64.00 in a research report on Tuesday, September 20th. Royal Bank of Canada lifted their price objective on shares of Bread Financial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 28th. The Goldman Sachs Group increased their price objective on shares of Bread Financial from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, October 28th. Morgan Stanley decreased their price target on shares of Bread Financial from $45.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Bread Financial from $80.00 to $60.00 in a research note on Friday, July 29th.
Institutional Trading of Bread Financial
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new position in shares of Bread Financial in the third quarter worth approximately $155,419,000. BlackRock Inc. acquired a new position in Bread Financial in the third quarter valued at $153,464,000. Turtle Creek Asset Management Inc. bought a new stake in Bread Financial during the third quarter valued at $143,669,000. State Street Corp bought a new position in shares of Bread Financial in the 3rd quarter worth about $52,807,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Bread Financial during the 3rd quarter valued at about $32,270,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.
Bread Financial Stock Performance
Bread Financial (NYSE:BFH – Get Rating) last issued its earnings results on Thursday, October 27th. The company reported $2.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.86 by ($0.17). Bread Financial had a net margin of 9.43% and a return on equity of 18.52%. The firm had revenue of $979.00 million during the quarter, compared to the consensus estimate of $976.21 million. During the same period in the previous year, the company posted $4.47 earnings per share. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, research analysts anticipate that Bread Financial will post 4.79 EPS for the current year.
Bread Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, November 14th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Thursday, November 10th. Bread Financial’s payout ratio is 11.23%.
About Bread Financial
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 approximately 130 private label and co-brand credit card programs, as well as through Bread partnerships to approximately 500 small-and medium-sized businesses merchants; and Comenity-branded general purpose cash-back credit.
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