Thrivent Financial for Lutherans Has $2.46 Million Stake in Bread Financial Holdings, Inc. $BFH

Thrivent Financial for Lutherans raised its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 28.8% in the third quarter, HoldingsChannel.com reports. The firm owned 44,088 shares of the company’s stock after purchasing an additional 9,860 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Bread Financial were worth $2,459,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AlphaQuest LLC acquired a new stake in Bread Financial during the third quarter worth approximately $1,620,000. SG Americas Securities LLC grew its holdings in shares of Bread Financial by 748.3% during the 3rd quarter. SG Americas Securities LLC now owns 17,347 shares of the company’s stock worth $967,000 after purchasing an additional 15,302 shares in the last quarter. Mizuho Markets Americas LLC increased its position in shares of Bread Financial by 11.5% in the third quarter. Mizuho Markets Americas LLC now owns 363,445 shares of the company’s stock worth $20,269,000 after purchasing an additional 37,466 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in Bread Financial in the second quarter valued at about $1,142,000. Finally, Norges Bank bought a new stake in Bread Financial during the second quarter worth about $16,599,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Ratings Changes

BFH has been the topic of several recent analyst reports. The Goldman Sachs Group raised shares of Bread Financial from a “sell” rating to a “hold” rating and set a $84.00 target price on the stock in a report on Tuesday, January 6th. TD Cowen increased their price target on shares of Bread Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Barclays lifted their price objective on shares of Bread Financial from $61.00 to $64.00 and gave the company an “underweight” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. restated an “underweight” rating and set a $72.00 target price on shares of Bread Financial in a research note on Thursday, December 4th. Finally, Wall Street Zen raised Bread Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bread Financial currently has a consensus rating of “Hold” and an average price target of $80.09.

Bread Financial Price Performance

BFH stock opened at $77.08 on Wednesday. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 7.11, a P/E/G ratio of 0.50 and a beta of 1.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.17 and a quick ratio of 1.19. The company has a 50 day simple moving average of $74.41 and a 200 day simple moving average of $66.28. Bread Financial Holdings, Inc. has a 1 year low of $38.21 and a 1 year high of $82.03.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, January 29th. The company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $1.67. The firm had revenue of $975.00 million for the quarter, compared to analysts’ expectations of $954.74 million. Bread Financial had a net margin of 11.02% and a return on equity of 17.92%. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Research analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial announced that its Board of Directors has approved a share buyback plan on Thursday, October 23rd that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, February 27th. This represents a $0.92 dividend on an annualized basis and a yield of 1.2%. Bread Financial’s payout ratio is currently 8.49%.

Bread Financial Company 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.