Hillsdale Investment Management Inc. Makes New $6.55 Million Investment in Bread Financial Holdings, Inc. $BFH

Hillsdale Investment Management Inc. acquired a new position in Bread Financial Holdings, Inc. (NYSE:BFH) during the third quarter, HoldingsChannel reports. The institutional investor acquired 117,400 shares of the company’s stock, valued at approximately $6,547,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Bread Financial by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,589 shares of the company’s stock valued at $1,482,000 after acquiring an additional 1,286 shares in the last quarter. Millennium Management LLC raised its holdings in Bread Financial by 46.5% in the 1st quarter. Millennium Management LLC now owns 345,902 shares of the company’s stock worth $17,323,000 after purchasing an additional 109,864 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Bread Financial by 104.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock worth $36,889,000 after purchasing an additional 376,920 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Bread Financial by 3.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,833 shares of the company’s stock valued at $7,904,000 after purchasing an additional 4,624 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Bread Financial during the first quarter valued at about $65,000. Institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on BFH shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $83.00 price objective on shares of Bread Financial in a report on Monday, January 12th. Barclays raised their target price on Bread Financial from $61.00 to $64.00 and gave the company an “underweight” rating in a research note on Friday, January 30th. The Goldman Sachs Group upgraded Bread Financial from a “sell” rating to a “hold” rating and set a $84.00 price target on the stock in a research report on Tuesday, January 6th. BTIG Research reiterated a “buy” rating and issued a $98.00 price objective on shares of Bread Financial in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $72.00 price objective on shares of Bread Financial in a research report on Thursday, December 4th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $80.09.

Bread Financial Stock Up 0.8%

Shares of NYSE:BFH opened at $75.62 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.19 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $74.56 and a two-hundred day simple moving average of $66.98. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month high of $82.03. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 6.98, a PEG ratio of 0.48 and a beta of 1.26.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, January 29th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $0.40 by $1.67. The firm had revenue of $975.00 million during the quarter, compared to the consensus estimate of $954.74 million. Bread Financial had a return on equity of 17.92% and a net margin of 11.02%.During the same period last year, the company earned $0.41 earnings per share. On average, research analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.92 annualized dividend and a yield of 1.2%. Bread Financial’s payout ratio is 8.49%.

Bread Financial Profile

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.