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BlackRock Inc. Increases Share in Bread Financial Holdings Inc. (BFH)

Fintel reports that BlackRock Inc. has filed a 13G/A form with the SEC announcing its ownership of 4,851,523 shares of Bread Financial Holdings Inc (BFH). This represents 9.7% of the company.

In their previous filing dated February 3, 2022, they reported 4,558,511 shares and 9.20% of the company,
6.43% share increase and 0.50% increase in total ownership (current – calculated as a percentage of previous ownership).

Analyst Price Forecast Suggests 21.20% Increase

The average one-year price target for Bread Financial Holdings as of January 24, 2023 is $48.87. Estimates range from the lowest $36.36 to the highest $67.20. The average price target represents a 21.20% increase from the last reported closing price of $40.32.

Projected annual revenue for Bread Financial Holdings was $4,184 million, up 75.58%. Projected annual EPS was $10.82, up 43.81%.

Fund Sensitivity

There are 627 funds or institutions reporting positions in Bread Financial Holdings A.Ş. That’s a reduction of 52 owners, or 7.66%.

Average portfolio weight all your funds Share allocated to Bread Financial Holdings Inc increased 0.4024% to 0.1552%. The total shares held by the institutions increased by 0.64% in the last three months to 56,384,689.

What are the major shareholders doing?

Franklin Resources Inc owns 4,810,615 shares representing 9.65% of the company. In its previous filing, the firm reported that it had 4,911,883 shares representing it.
a decline
2.11% Firm

decreased

Portfolio distribution in BFH increased by 8.67% compared to the last quarter.

Turtle Creek Asset Management Inc. owns 4,568,162 shares representing 9.16% of the company. In its previous filing, the firm reported holding 3,562,360 representing shares.
increase
22.02%. Company

augmented

Portfolio distribution in BFH increased by 16.53% compared to the last quarter.

Lyrical Asset Management Lp owns 1,541,655 shares representing 3.09% of the company. In its previous filing, the firm reported that it owns 1,717,872 representing shares.
a decline
11.43% Firm

decreased

Portfolio distribution in BFH increased by 9.39% compared to the last quarter.

Goldman Sachs Group Inc owns 1,176,645 shares representing 2.36% of the company. In its previous filing, the firm reported holding 1,367,673 shares representing
a decline
16.23% Firm

decreased

Portfolio distribution in BFH increased by 25.30% compared to the last quarter.

Geode Capital Management, Llc owns 898,423 shares representing 1.80% of the company. In its previous filing, the firm reported holding 876,993 shares.
increase
2.39% Firm

decreased

Portfolio distribution in BFH increased by 9.98% compared to the last quarter.

Bread Financial Holdings Reports $0.21 Dividend

Bread Financial Holdings said on July 28, 2022, its board of directors declared a regular quarterly dividend of $0.21 per share. Registered shareholders as of August 11, 2022, received the payment on September 16, 2022. Previously, the company paid $0.21 per share.

At the latest share price of $40.32/share, the dividend yield of the stock is 0.52%. Additionally, the company’s dividend payout ratio is 0.11, which means it retains a low percentage of its earnings to reinvest in growth opportunities.

The company’s 3-year dividend growth rate is -0.67%, indicating that it has steadily increased its dividends over time.

Bread Financial Holding A.Ş. Background Information
(This description is provided by the company.)

Alliance Data® is a leading provider of data-driven marketing, loyalty and payment solutions serving large, consumer-based industries. The company creates and implements customized solutions for some of today’s most recognizable brands that measurably change consumer behavior while driving business growth and profitability. Alliance Data helps partners build and increase customer loyalty across multiple touchpoints using traditional, digital, mobile and emerging technologies. Alliance Data, a FORTUNE 500 and S&P MidCap 400 company headquartered in Columbus, Ohio, consists of businesses that together employ approximately 8,000 people in 45 locations around the world.

This story was originally published on Fintel.

The views and opinions expressed herein are those of the author and may not necessarily reflect the views of Nasdaq, Inc.