8,245 Shares in Bread Financial Holdings, Inc. $BFH Acquired by Tweedy Browne Co LLC

Key Points

• Tweedy Browne Co LLC acquired 8,245 shares of Bread Financial Holdings, Inc. (NYSE:BFH), valued at approximately $471,000 during the second quarter.
• Bread Financial reported $3.14 earnings per share for the latest quarter, surpassing expectations by $1.29, while revenue declined 1.1% year-over-year.
• The company declared a quarterly dividend of $0.21, resulting in an annualized yield of 1.5% and a payout ratio of 14.21%.

Tweedy Browne Co LLC purchased a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,245 shares of the company's stock, valued at approximately $471,000.

Other large investors have also recently made changes to their positions in the company. Mackenzie Financial Corp boosted its holdings in Bread Financial by 0.7% in the first quarter. Mackenzie Financial Corp now owns 40,918 shares of the company's stock valued at $2,049,000 after purchasing an additional 296 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Bread Financial by 28.0% in the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after purchasing an additional 319 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Bread Financial by 10.2% in the first quarter. QRG Capital Management Inc. now owns 4,037 shares of the company's stock valued at $202,000 after purchasing an additional 373 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Bread Financial by 1.4% in the first quarter. Federated Hermes Inc. now owns 31,082 shares of the company's stock valued at $1,557,000 after purchasing an additional 441 shares during the last quarter. Finally, Hancock Whitney Corp boosted its holdings in Bread Financial by 7.5% in the first quarter. Hancock Whitney Corp now owns 6,886 shares of the company's stock valued at $345,000 after purchasing an additional 482 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Stock Performance

Bread Financial stock opened at $57.67 on Friday. The firm has a 50 day simple moving average of $60.92 and a 200-day simple moving average of $55.99. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $68.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 0.54 and a beta of 1.41.

Bread Financial (NYSE:BFH - Get Free Report) last posted 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 business had revenue of $929.00 million during 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 for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.66 EPS. Bread Financial has set its FY 2025 guidance at EPS. On average, analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 8th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, August 8th. Bread Financial's dividend payout ratio (DPR) is currently 14.21%.

Bread Financial declared that its board has approved a share repurchase plan on Wednesday, August 27th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have commented on BFH. Keefe, Bruyette & Woods lowered their price target on shares of Bread Financial from $88.00 to $71.00 and set an "outperform" rating on the stock in a report on Wednesday, October 1st. Barclays lowered their target price on shares of Bread Financial from $52.00 to $50.00 and set an "underweight" rating on the stock in a research note on Monday, October 6th. BTIG Research set a $105.00 target price on shares of Bread Financial and gave the stock a "buy" rating in a research note on Monday, July 14th. Morgan Stanley increased their target price on shares of Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a research note on Monday, September 29th. Finally, Royal Bank Of Canada increased their target price on shares of Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Bread Financial has a consensus rating of "Hold" and an average price target of $66.20.

Insider Buying and Selling

In other Bread Financial news, Director John J. Fawcett purchased 1,027 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was bought at an average price of $61.79 per share, with a total value of $63,458.33. Following the transaction, the director directly owned 10,302 shares of the company's stock, valued at approximately $636,560.58. This represents a 11.07% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.85% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding BFH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bread Financial Holdings, Inc. (NYSE:BFH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.