Versor Investments LP Invests $247,000 in Bread Financial Holdings, Inc. $BFH

Key Points

• Versor Investments LP acquired 4,937 shares of Bread Financial Holdings, Inc. (NYSE:BFH), valued at approximately $247,000, indicating growing institutional interest in the company.
• Bread Financial shares have a recent price target update, with Royal Bank of Canada increasing it from $65.00 to $74.00 and Barclays raising theirs from $45.00 to $52.00.
• The company reported a quarterly earnings surprise, with earnings per share of $3.14, significantly beating analysts' expectations of $1.85, although revenue was down from the previous year.

Versor Investments LP acquired a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,937 shares of the company's stock, valued at approximately $247,000.

A number of other large investors also recently modified their holdings of the business. Algert Global LLC boosted its stake in shares of Bread Financial by 8.6% during the 1st quarter. Algert Global LLC now owns 85,517 shares of the company's stock worth $4,283,000 after buying an additional 6,780 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Bread Financial by 5.8% during the 1st quarter. American Century Companies Inc. now owns 1,461,844 shares of the company's stock worth $73,209,000 after buying an additional 79,709 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Bread Financial by 49.3% during the 1st quarter. Public Sector Pension Investment Board now owns 184,990 shares of the company's stock worth $9,264,000 after buying an additional 61,092 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Bread Financial by 43.6% in the 1st quarter. Invesco Ltd. now owns 529,049 shares of the company's stock valued at $26,495,000 after purchasing an additional 160,580 shares during the period. Finally, Mizuho Markets Americas LLC raised its holdings in shares of Bread Financial by 31.8% in the 1st quarter. Mizuho Markets Americas LLC now owns 308,173 shares of the company's stock valued at $15,433,000 after purchasing an additional 74,423 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett bought 1,027 shares of the stock in a transaction dated Wednesday, July 30th. The shares were bought at an average cost of $61.79 per share, with a total value of $63,458.33. Following the completion of the acquisition, the director owned 10,302 shares of the company's stock, valued at $636,560.58. This trade represents a 11.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.85% of the company's stock.

Wall Street Analyst Weigh In

BFH has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Royal Bank Of Canada upped their target price on shares of Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Barclays reaffirmed an "underweight" rating and issued a $52.00 target price (up from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. BTIG Research set a $105.00 target price on shares of Bread Financial and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Morgan Stanley upped their target price on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a report on Monday, May 12th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $64.91.

Bread Financial Stock Performance

Bread Financial stock traded up $1.61 during trading hours on Wednesday, hitting $65.47. The company had a trading volume of 650,744 shares, compared to its average volume of 532,027. The firm has a market cap of $3.05 billion, a PE ratio of 11.08, a PEG ratio of 1.01 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 1.18. Bread Financial Holdings, Inc. has a one year low of $38.21 and a one year high of $66.71. The firm has a 50-day moving average of $60.04 and a 200 day moving average of $54.13.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $1.85 by $1.29. The firm had revenue of $929.00 million for the quarter, compared to analysts' expectations of $944.69 million. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The business's revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.66 EPS. Bread Financial has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial declared that its Board of Directors has approved a stock buyback program on Wednesday, August 27th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.3%. Bread Financial's dividend payout ratio (DPR) is currently 14.21%.

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.