10,300 Shares in Bread Financial Holdings, Inc. $BFH Acquired by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board acquired 10,300 shares of Bread Financial worth approximately $1.12 million during the second quarter. Institutional investors collectively own 99.52% of BFH’s outstanding stock.
• Bread Financial reported quarterly EPS of $3.55, beating estimates of $2.74, while revenue rose 6.9% year over year to $993 million.
• Analyst sentiment is mixed but leans positive: BFH has a consensus “Hold” rating and an average price target of $112.08, while the company declared a quarterly dividend of $0.23 per share.

Canada Pension Plan Investment Board acquired a new stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,300 shares of the company's stock, valued at approximately $1,116,000.

A number of other hedge funds have also recently added to or reduced their stakes in BFH. Legal & General Group Plc bought a new stake in shares of Bread Financial during the second quarter worth $11,156,000. The Manufacturers Life Insurance Company bought a new position in shares of Bread Financial in the 2nd quarter valued at $2,120,000. Group One Trading LLC acquired a new stake in shares of Bread Financial during the 2nd quarter valued at $102,000. Cibc World Market Inc. acquired a new stake in shares of Bread Financial during the 2nd quarter valued at $529,000. Finally, Bank of Nova Scotia bought a new stake in Bread Financial during the 2nd quarter worth $2,319,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Insider Buying and Selling

In other Bread Financial news, Director Praniti Lakhwara sold 2,802 shares of the 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 completion of the sale, the director directly owned 4,458 shares in the company, valued at approximately $473,082.96. This trade represents a 38.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on BFH. UBS Group increased their target price on Bread Financial from $120.00 to $127.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Morgan Stanley set a $107.00 price target on Bread Financial in a report on Friday, July 24th. The Goldman Sachs Group upped their price objective on Bread Financial from $94.00 to $108.00 and gave the company a "neutral" rating in a research note on Tuesday, July 7th. Loop Capital started coverage on shares of Bread Financial in a report on Thursday, May 21st. They issued a "buy" rating and a $104.00 price objective for the company. Finally, Evercore reiterated an "outperform" rating and set a $116.00 target price on shares of Bread Financial in a research report on Monday, July 6th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Bread Financial presently has a consensus rating of "Hold" and an average price target of $112.08.

Bread Financial Price Performance

Shares of BFH opened at $104.15 on Tuesday. Bread Financial Holdings, Inc. has a 1 year low of $53.83 and a 1 year high of $114.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 0.67 and a beta of 1.11. The business has a 50-day moving average of $105.31 and a 200-day moving average of $90.56.

Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.74 by $0.81. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.The business 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 posted $3.15 earnings per share. The firm's revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts anticipate that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.23 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.92 annualized dividend and a yield of 0.9%. Bread Financial's payout ratio is presently 7.18%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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