91,394 Shares in Bread Financial Holdings, Inc. $BFH Acquired by Walleye Capital LLC

Key Points

• Walleye Capital acquired 91,394 shares of Bread Financial in the second quarter, worth approximately $9.9 million and representing about 0.24% of the company. Institutional investors collectively own 99.52% of BFH.
• Bread Financial recently reported stronger-than-expected quarterly results, with EPS of $3.55 versus the $2.74 consensus estimate and revenue of $992 million, up 6.9% year over year.
• BFH shares opened at $113.22, near their 52-week high, while analysts maintain a consensus “Hold” rating and an average price target of $110.58. The company also declared a quarterly dividend of $0.23 per share.

Walleye Capital LLC purchased a new position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 91,394 shares of the company's stock, valued at approximately $9,903,000. Walleye Capital LLC owned about 0.24% of Bread Financial as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Fifth Third Bancorp grew its holdings in shares of Bread Financial by 5,814.5% in the 1st quarter. Fifth Third Bancorp now owns 17,566 shares of the company's stock worth $1,315,000 after acquiring an additional 17,269 shares during the last quarter. UBS Group AG lifted its holdings in shares of Bread Financial by 100.4% during the fourth quarter. UBS Group AG now owns 716,725 shares of the company's stock valued at $53,059,000 after purchasing an additional 359,088 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Bread Financial by 38,301.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 215,815 shares of the company's stock valued at $15,977,000 after purchasing an additional 215,253 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Bread Financial by 240.1% in the 4th quarter. Intech Investment Management LLC now owns 156,689 shares of the company's stock valued at $11,600,000 after purchasing an additional 110,616 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Bread Financial by 23.6% in the 1st quarter. California State Teachers Retirement System now owns 54,175 shares of the company's stock valued at $4,057,000 after purchasing an additional 10,347 shares during the period. Institutional investors own 99.52% of the company's stock.

Insider Buying and Selling

In related news, CEO Ralph J. Andretta sold 15,000 shares of the business's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $89.10, for a total transaction of $1,336,500.00. Following the transaction, the chief executive officer directly owned 582,241 shares of the company's stock, valued at approximately $51,877,673.10. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John J. Fawcett acquired 698 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average cost of $86.43 per share, for a total transaction of $60,328.14. Following the completion of the transaction, the director directly owned 11,000 shares of the company's stock, valued at $950,730. This represents a 6.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.30% of the stock is currently owned by corporate insiders.

Bread Financial Stock Up 1.4%

NYSE:BFH opened at $113.22 on Friday. The business's fifty day moving average price is $103.72 and its 200 day moving average price is $87.90. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 0.71 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 1-year low of $53.83 and a 1-year high of $114.12.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, topping analysts' consensus estimates of $2.74 by $0.81. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.The firm had revenue of $992.00 million during the quarter, compared to analyst estimates of $959.32 million. During the same period last year, the company posted $3.15 EPS. The business's quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, August 31st. Bread Financial's dividend payout ratio (DPR) is currently 7.18%.

Analyst Ratings Changes

A number of brokerages recently weighed in on BFH. TD Cowen lifted their price target on Bread Financial from $103.00 to $114.00 and gave the stock a "hold" rating in a research note on Friday, July 24th. Keefe, Bruyette & Woods reiterated an "outperform" rating on shares of Bread Financial in a report on Wednesday, June 10th. Zacks Research downgraded shares of Bread Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. The Goldman Sachs Group boosted their price target on shares of Bread Financial from $94.00 to $108.00 and gave the company a "neutral" rating in a report on Tuesday, July 7th. Finally, BTIG Research upped their price target on shares of Bread Financial from $105.00 to $132.00 and gave the company a "buy" rating in a research report on Tuesday, June 30th. Eight 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, the stock presently has an average rating of "Hold" and a consensus price target of $110.58.

About Bread Financial

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.

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