Brandywine Global Investment Management LLC raised its stake in Bread Financial Holdings, Inc. (NYSE:BFH – Free Report) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 138,968 shares of the company’s stock after acquiring an additional 5,190 shares during the period. Brandywine Global Investment Management LLC owned about 0.28% of Bread Financial worth $4,214,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Royce & Associates LP bought a new stake in Bread Financial in the first quarter valued at $2,080,000. Ameriprise Financial Inc. grew its position in Bread Financial by 0.9% in the first quarter. Ameriprise Financial Inc. now owns 233,121 shares of the company’s stock valued at $7,068,000 after acquiring an additional 2,021 shares during the period. Sparta 24 Ltd. grew its position in Bread Financial by 6.7% in the first quarter. Sparta 24 Ltd. now owns 71,167 shares of the company’s stock valued at $2,158,000 after acquiring an additional 4,500 shares during the period. New York State Common Retirement Fund grew its position in Bread Financial by 3.1% in the first quarter. New York State Common Retirement Fund now owns 94,587 shares of the company’s stock valued at $2,868,000 after acquiring an additional 2,844 shares during the period. Finally, Check Capital Management Inc. CA grew its position in Bread Financial by 1.9% in the first quarter. Check Capital Management Inc. CA now owns 390,648 shares of the company’s stock valued at $11,844,000 after acquiring an additional 7,329 shares during the period. 99.52% of the stock is currently owned by institutional investors.
Bread Financial Price Performance
Bread Financial stock opened at $34.99 on Friday. The business’s 50-day simple moving average is $37.57 and its 200 day simple moving average is $32.58. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 3.49, a P/E/G ratio of 0.08 and a beta of 1.97. Bread Financial Holdings, Inc. has a 12-month low of $23.19 and a 12-month high of $44.52. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.50.
Bread Financial Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 11th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, August 10th. Bread Financial’s dividend payout ratio (DPR) is currently 8.37%.
Insiders Place Their Bets
In related news, Director Roger H. Ballou bought 2,400 shares of Bread Financial stock in a transaction on Monday, July 31st. The shares were purchased at an average price of $41.78 per share, for a total transaction of $100,272.00. Following the completion of the acquisition, the director now owns 34,842 shares in the company, valued at $1,455,698.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on BFH shares. JPMorgan Chase & Co. raised their target price on Bread Financial from $41.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, August 22nd. Raymond James restated a “sector perform” rating and issued a $43.00 target price (down from $46.00) on shares of Bread Financial in a research note on Tuesday, September 5th. Finally, Royal Bank of Canada lowered Bread Financial from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $46.00 to $43.00 in a research note on Tuesday, September 5th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Bread Financial presently has a consensus rating of “Hold” and an average target price of $42.13.
Check Out Our Latest Stock Analysis on Bread Financial
Bread Financial Company 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.
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