Mizuho Markets Americas LLC Raises Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Mizuho Markets Americas LLC grew its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 2.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 296,900 shares of the company’s stock after purchasing an additional 5,882 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Bread Financial were worth $14,127,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new position in Bread Financial in the 1st quarter valued at approximately $1,546,000. UniSuper Management Pty Ltd purchased a new stake in Bread Financial during the 1st quarter worth about $383,000. Sei Investments Co. raised its position in Bread Financial by 58.5% in the 1st quarter. Sei Investments Co. now owns 84,317 shares of the company’s stock valued at $3,140,000 after purchasing an additional 31,122 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Bread Financial by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company’s stock valued at $141,386,000 after buying an additional 70,092 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Bread Financial by 22.4% during the second quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock worth $51,754,000 after buying an additional 212,276 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Compass Point lifted their price target on shares of Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. The Goldman Sachs Group boosted their target price on shares of Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. Royal Bank of Canada raised their price target 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. Bank of America lowered their price objective on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. raised their target price on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $49.64.

Bread Financial Stock Performance

NYSE BFH opened at $58.50 on Friday. The firm has a market cap of $2.91 billion, a P/E ratio of 9.32 and a beta of 1.94. Bread Financial Holdings, Inc. has a 52-week low of $26.27 and a 52-week high of $63.01. The business’s 50-day moving average price is $51.19 and its 200 day moving average price is $48.12. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The company had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. During the same period in the previous year, the firm posted $3.46 EPS. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities research analysts expect that Bread Financial Holdings, Inc. will post 7.63 earnings per share for the current year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial’s dividend payout ratio (DPR) is presently 13.38%.

Insider Activity

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the purchase, the director now owns 6,473 shares in the company, valued at approximately $330,252.46. This represents a 18.27 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

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.