Recent investments in Bread Financial include Jennison Associates LLC, which bought around $631,000 in Q1, and GSA Capital Partners LLP, investing about $623,000. Ohio’s Public Employees Retirement System acquired $1,546,000 in shares. Wellington Management grew its stake by 7.8% to 2,107,253 shares, valued at $69.4 million, after adding 152,954 shares. UniSuper added a $383,000 stake. Overall, institutional investors and hedge funds own 99.52% of the stock.
Bread Financial Price Performance
Bread Financial stock opened at $50.81. Key financial ratios include a debt-to-equity of 0.41, quick ratio of 1.19, and a current ratio of 1.19. The one-year low and high for the stock are $26.08 and $59.66, respectively. The company has a market cap of $2.52 billion with a P/E ratio of 5.27.
Bread Financial reported a strong quarterly earnings on July 25th, with $2.66 EPS, exceeding analysts’ expectations of $1.60. Revenue was $939 million, slightly above estimates but down 1.4% year-on-year. Analysts forecast an EPS of 7.44 for the current fiscal year.
Bread Financial Announces Dividend
On September 13th, Bread Financial paid a quarterly dividend of $0.21 to investors who recorded as of August 9th, marking an annualized dividend of $0.84 with a yield of 1.65%.
Wall Street Analysts Forecast Growth
Analysts have varied ratings for Bread Financial. Jefferies Financial raised their price target to $45.00, while Royal Bank of Canada increased theirs to $58. Similarly, TD Cowen raised their target to $57. Barclays lowered theirs to $35. Currently, the average rating is “Hold” with a consensus target price of $50.07.
Bread Financial Company Profile
Bread Financial Holdings, Inc. offers innovative payment and lending solutions in North America, providing credit card, loans, and risk management services.
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