Integrated Quantitative Investments LLC Purchases 15,126 Shares of Bread Financial Holdings, Inc. $BFH

Integrated Quantitative Investments LLC grew its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 229.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,726 shares of the company’s stock after acquiring an additional 15,126 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in Bread Financial were worth $1,212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake in Bread Financial by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,273,797 shares of the company’s stock worth $294,120,000 after purchasing an additional 30,962 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Bread Financial by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 3,076,004 shares of the company’s stock worth $171,557,000 after purchasing an additional 16,143 shares during the period. Franklin Resources Inc. increased its holdings in shares of Bread Financial by 16.9% during the second quarter. Franklin Resources Inc. now owns 1,720,613 shares of the company’s stock worth $98,281,000 after purchasing an additional 248,401 shares during the period. American Century Companies Inc. raised its position in shares of Bread Financial by 4.4% in the third quarter. American Century Companies Inc. now owns 1,555,968 shares of the company’s stock valued at $86,776,000 after buying an additional 65,223 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Bread Financial by 25.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,233,121 shares of the company’s stock valued at $70,436,000 after buying an additional 247,437 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Trading Up 3.1%

Shares of Bread Financial stock opened at $75.01 on Thursday. The firm’s 50 day moving average is $74.02 and its 200 day moving average is $67.74. The firm has a market capitalization of $3.23 billion, a PE ratio of 6.92, a price-to-earnings-growth ratio of 0.46 and a beta of 1.20. Bread Financial Holdings, Inc. has a 1 year low of $38.21 and a 1 year high of $82.03. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.27.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, January 29th. The company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $1.67. The firm had revenue of $975.00 million for the quarter, compared to analyst estimates 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 last year, the business posted $0.41 earnings per share. Equities research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial announced that its board has authorized a stock buyback program on Thursday, February 26th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 19% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Bread Financial Announces Dividend

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%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $72.00 price objective on shares of Bread Financial in a research note on Thursday, December 4th. TD Cowen raised their price target on Bread Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Zacks Research downgraded Bread Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Evercore upgraded shares of Bread Financial from a “hold” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Thursday, February 5th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Bread Financial from $82.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Bread Financial has a consensus rating of “Hold” and an average price target of $80.09.

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.