Cibc World Market Inc. Acquires Shares of 4,882 Bread Financial Holdings, Inc. $BFH

Cibc World Market Inc. acquired a new position in Bread Financial Holdings, Inc. (NYSE:BFH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,882 shares of the company’s stock, valued at approximately $529,000.

A number of other large investors have also recently made changes to their positions in BFH. Bank of Nova Scotia purchased a new stake in shares of Bread Financial in the second quarter valued at $2,319,000. Vista Investment Management bought a new stake in shares of Bread Financial in the 2nd quarter worth about $2,511,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Bread Financial during the 2nd quarter worth about $30,000. Quantbot Technologies LP purchased a new position in shares of Bread Financial during the 2nd quarter worth about $541,000. Finally, Evolve Private Wealth LLC bought a new position in Bread Financial during the 2nd quarter valued at about $1,021,000. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Stock Performance

BFH stock opened at $105.75 on Friday. Bread Financial Holdings, Inc. has a 1-year low of $53.83 and a 1-year high of $114.53. The business has a 50-day moving average price of $105.31 and a 200 day moving average price of $90.28. The company has a market capitalization of $4.06 billion, a P/E ratio of 8.25, a PEG ratio of 0.68 and a beta of 1.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.17 and a quick ratio of 1.17.

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, topping the consensus estimate of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The company had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $959.32 million. During the same period in the prior year, the business earned $3.15 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts forecast that Bread Financial Holdings, Inc. will post 12.1 EPS for the current fiscal year.

Bread Financial Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BFH shares. Bank of America reiterated a “buy” rating and issued a $108.00 price target on shares of Bread Financial in a report on Wednesday, June 10th. Zacks Research downgraded Bread Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Morgan Stanley set a $107.00 target price on Bread Financial in a research note on Friday, July 24th. Evercore reiterated an “outperform” rating and issued a $116.00 target price on shares of Bread Financial in a research note on Monday, July 6th. Finally, TD Cowen lifted their target price on Bread Financial from $103.00 to $114.00 and gave the stock a “hold” rating in a research report on Friday, July 24th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $112.08.

Insider Transactions at Bread Financial

In related news, Director Praniti Lakhwara sold 2,802 shares of Bread Financial stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total transaction of $297,348.24. Following the transaction, the director directly owned 4,458 shares of the company’s stock, valued at $473,082.96. This trade represents a 38.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by insiders.

Bread Financial Company 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.