On September 17, 2023, it was reported that Brandywine Global Investment Management LLC has increased its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 3.9% during the first quarter of the year. The information comes from a recent disclosure with the Securities and Exchange Commission (SEC). As per the disclosure, Brandywine Global now owns 138,968 shares of Bread Financial’s stock after acquiring an additional 5,190 shares during the period. This stake is valued at approximately $4,214,000 as of the most recent SEC filing.
Bread Financial (NYSE:BFH) released its quarterly earnings results on Thursday, July 27th. The company reported earnings per share (EPS) of $1.27 for the quarter, surpassing analysts’ consensus estimate of $0.23 by a significant margin of $1.04. Additionally, Bread Financial generated $952 million in revenue for the quarter compared to expectations of merely $0.41 million.
Furthermore, Bread Financial boasted a return on equity of 20.52% and a net margin of 10.05%. These figures indicate strong financial performance and efficiency within the business. Based on these positive results, research analysts predict that Bread Financial Holdings will likely post earnings per share amounting to 12.94 for the current year.
Several analysts have weighed in on BFH shares recently. JPMorgan Chase & Co., for instance, raised their target price on Bread Financial from $41 to $49 and assigned an “overweight” rating to the company in a research note on August 22nd. Similarly, Raymond James reiterated a “sector perform” rating on BFH shares while reducing their target price from $46 to $43 on September 5th. Royal Bank of Canada followed suit by downgrading BFH from an “outperform” rating to a “sector perform” rating and lowering their target price from $46 to $43 on the same day. Overall, six investment analysts have given Bread Financial a hold rating, while two have assigned a buy rating to the stock. According to Bloomberg.com, Bread Financial currently has a consensus rating of “Hold” and an average target price of $42.13.
Bread Financial’s recent performance and evaluations from analysts suggest that it is a company with potential. Investors should closely monitor the developments surrounding this financial firm as it continues to make strides in the market.
Bread Financial Holdings, Inc.
BFH
Buy
Updated on: 03/12/2023
Financial Health
Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Buy
DCF: Strong Buy
ROE: Neutral
Significant Investor Activity and Continued Growth Potential Position Bread Financial as an Attractive Investment Opportunity
Bread Financial, a prominent financial services company, has seen a number of significant developments in recent months. Notably, several large investors have bought and sold shares of the company’s stock, indicating a dynamic market environment.
One such investor, Royce & Associates LP, purchased a new stake in Bread Financial during the first quarter. The investment was valued at an impressive $2,080,000. This move by Royce & Associates LP highlights their confidence in the company’s growth potential and its ability to deliver strong returns.
Another notable investor is Ameriprise Financial Inc., which increased its position in Bread Financial by 0.9% during the same period. Ameriprise now owns 233,121 shares of the company’s stock, amounting to $7,068,000 in value after acquiring an additional 2,021 shares.
Likewise, Sparta 24 Ltd. demonstrated faith in Bread Financial with its decision to grow its position in the company by 6.7% during the first quarter. With this expansion, Sparta 24 Ltd. now owns 71,167 shares valued at $2,158,000 after acquiring an additional 4,500 shares.
New York State Common Retirement Fund also contributed to Bread Financial’s positive outlook by growing its position by 3.1% during the first quarter. This increasing confidence resulted in New York State Common Retirement Fund owning 94,587 shares worth $2,868,000 after acquiring an additional 2,844 shares.
Lastly on our list is Check Capital Management Inc. CA which grew its position in Bread Financial by 1.9%. As a result of this increase Check Capital Management Inc. CA now owns an impressive 390-648 shares amounting to a total value of $11-84-4m0 after acquiring an additional7-329s hares duringthe peri odur gmghtse methendicsitfulytats: “r capti cu sotfcrry.
These acquisitions have led to a significant ownership percentage for institutional investors, with 99.52% of the stock now being held by such entities. This robust interest from larger investors highlights Bread Financial’s potential as an attractive investment opportunity in the financial services sector.
On another note, Bread Financial stock opened at $34.99 on Friday, reflecting its market performance. The business has a 50-day simple moving average of $37.57 and a 200-day simple moving average of $32.58, indicating its stability over these respective time periods.
Bread Financial currently boasts a market capitalization of $1.76 billion alongside a price-to-earnings ratio of 3.49 and a P/E/G ratio of 0.08, further solidifying its position within the industry. Additionally, the company has maintained a beta of 1.97, highlighting its responsiveness to market fluctuations.
In terms of its trading range, Bread Financial experienced a 12-month low of $23.19 and reached a high point of $44.52 within the same period – information that provides investors with insights into potential future price movements.
Several analysts have also weighed in on Bread Financial’s outlook for the coming months. JPMorgan Chase & Co., for instance, raised its target price on the company’s stock from $41 to $49 and assigned an “overweight” rating to it in one research note released on August 22nd.
Raymond James reiterated a “sector perform” rating and presented a target price of $43 (down from $46) in another research note published on September 5th regarding the shares of Bread Financial.
Lastly, Royal Bank of Canada adjusted their rating for the company’s stock from ‘outperform’ to ‘sector perform,’ lowering their target price from $46 to $43 – also on September 5th.
With this range of opinions, it is clear that analysts have varying perspectives on the company’s future performance. Nonetheless, Bloomberg.com notes that Bread Financial has obtained a consensus rating of “Hold” and an average target price of $42.13 based on these assessments.
In addition to these developments, Bread Financial recently announced a quarterly dividend. Shareholders of record as of Friday, August 11th received a dividend of $0.21 per share. This represents an annualized dividend of $0.84 and provides investors with a yield of 2.40%.
Moving on to internal transactions, Director Roger H. Ballou acquired 2,400 shares of Bread Financial stock during a notable transaction that occurred on Monday, July 31st. The director purchased these shares at an average price of $41.78 per share, resulting in a total transaction amounting to $100,272.00.
Following this acquisition, the director currently holds 34,842 shares in Bread Financial valued at $1,455,698.76 – capturing the confidence he has in the company’s ability to perform well in the future.
These developments actively shape the investment landscape for Bread Financial and highlight its position as an attractive option within the financial services sector. With
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