Range Financial Group LLC Has $278,000 Stock Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Range Financial Group LLC increased its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 15.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,249 shares of the company’s stock after purchasing an additional 850 shares during the period. Range Financial Group LLC’s holdings in Bread Financial were worth $278,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Bread Financial in the first quarter valued at approximately $33,000. CWM LLC boosted its position in Bread Financial by 47.5% in the second quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after buying an additional 550 shares in the last quarter. National Bank of Canada FI boosted its position in Bread Financial by 1,280.6% in the fourth quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock valued at $80,000 after buying an additional 2,241 shares in the last quarter. Pinnacle Holdings LLC acquired a new stake in Bread Financial in the fourth quarter valued at approximately $83,000. Finally, Quest Partners LLC acquired a new stake in Bread Financial in the fourth quarter valued at approximately $145,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Trading Down 0.1 %

BFH opened at $56.72 on Friday. Bread Financial Holdings, Inc. has a 1-year low of $26.08 and a 1-year high of $59.66. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. The company has a market cap of $2.81 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 0.20 and a beta of 1.98. The company has a fifty day moving average price of $50.97 and a two-hundred day moving average price of $42.94.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $1.60 by $1.06. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The firm had revenue of $939.00 million during the quarter, compared to the consensus estimate of $922.01 million. During the same period in the previous year, the firm posted $1.27 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. Analysts predict that Bread Financial Holdings, Inc. will post 7.49 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 9th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, August 9th. Bread Financial’s dividend payout ratio (DPR) is currently 10.58%.

Analyst Upgrades and Downgrades

BFH has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $67.00 target price on shares of Bread Financial in a research report on Monday, June 17th. Jefferies Financial Group lifted their price target on shares of Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, July 9th. Compass Point lifted their price target on shares of Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a report on Thursday, June 20th. Finally, Barclays lifted their price target on shares of Bread Financial from $32.00 to $37.00 and gave the stock an “underweight” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.00.

Bread Financial Company Profile

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.