Quantbot Technologies LP Makes New $541,000 Investment in Bread Financial Holdings, Inc. $BFH

Quantbot Technologies LP purchased a new stake in Bread Financial Holdings, Inc. (NYSE:BFH) during the second quarter, Holdings Channel reports. The institutional investor purchased 4,996 shares of the company’s stock, valued at approximately $541,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BFH. Fifth Third Bancorp increased its stake in shares of Bread Financial by 5,814.5% during the first quarter. Fifth Third Bancorp now owns 17,566 shares of the company’s stock worth $1,315,000 after buying an additional 17,269 shares during the period. UBS Group AG lifted its stake in Bread Financial by 100.4% in the fourth quarter. UBS Group AG now owns 716,725 shares of the company’s stock worth $53,059,000 after acquiring an additional 359,088 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Bread Financial by 38,301.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 215,815 shares of the company’s stock worth $15,977,000 after acquiring an additional 215,253 shares during the last quarter. Bank of America Corp DE grew its holdings in Bread Financial by 18.1% during the 1st quarter. Bank of America Corp DE now owns 630,225 shares of the company’s stock worth $47,198,000 after acquiring an additional 96,771 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in Bread Financial by 240.1% during the 4th quarter. Intech Investment Management LLC now owns 156,689 shares of the company’s stock worth $11,600,000 after acquiring an additional 110,616 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Insider Transactions at Bread Financial

In other Bread Financial news, Director Praniti Lakhwara sold 2,802 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total transaction of $297,348.24. Following the transaction, the director owned 4,458 shares of the company’s stock, valued at approximately $473,082.96. This trade represents a 38.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Bread Financial Stock Up 0.5%

BFH stock opened at $108.14 on Friday. The stock has a market cap of $4.15 billion, a P/E ratio of 8.44, a PEG ratio of 0.68 and a beta of 1.11. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Bread Financial Holdings, Inc. has a twelve month low of $53.83 and a twelve month high of $114.53. The company’s 50 day moving average is $105.24 and its two-hundred day moving average is $90.17.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.81. The business had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $959.32 million. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.15 EPS. Research analysts expect that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, August 31st. Bread Financial’s dividend payout ratio is currently 7.18%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BFH shares. Loop Capital began coverage on shares of Bread Financial in a report on Thursday, May 21st. They issued a “buy” rating and a $104.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Bread Financial in a research note on Friday, July 24th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Bread Financial in a report on Wednesday, June 10th. UBS Group raised their price target on Bread Financial from $120.00 to $127.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Zacks Research downgraded Bread Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $112.08.

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.