9,419 Shares in Bread Financial Holdings, Inc. $BFH Bought by Evolve Private Wealth LLC

Key Points

• Evolve Private Wealth LLC initiated a 9,419-share position in Bread Financial valued at approximately $1.02 million. Institutional investors collectively own 99.52% of the company.
• Bread Financial reported quarterly EPS of $3.55, beating estimates of $2.74, while revenue rose 6.9% year over year to $993 million.
• The company declared a quarterly dividend of $0.23 per share, equivalent to an annualized $0.92 dividend and a 0.9% yield. Analysts maintain an average “Hold” rating with a consensus price target of $110.58.

Evolve Private Wealth LLC bought a new stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,419 shares of the company's stock, valued at approximately $1,021,000.

A number of other institutional investors also recently bought and sold shares of BFH. C M Bidwell & Associates Ltd. purchased a new position in shares of Bread Financial in the 2nd quarter valued at about $115,000. Allworth Financial LP acquired a new position in Bread Financial in the second quarter valued at approximately $74,000. MJP Associates Inc. ADV purchased a new position in Bread Financial in the second quarter valued at approximately $252,000. Great Lakes Advisors LLC acquired a new stake in Bread Financial during the second quarter worth approximately $5,655,000. Finally, Pzena Investment Management LLC acquired a new stake in Bread Financial during the second quarter worth approximately $35,479,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Ralph J. Andretta sold 15,000 shares of the business's stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $89.10, for a total value of $1,336,500.00. Following the transaction, the chief executive officer owned 582,241 shares in the company, valued at $51,877,673.10. The trade was a 2.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Praniti Lakhwara sold 2,802 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total value of $297,348.24. Following the sale, the director directly owned 4,458 shares of the company's stock, valued at approximately $473,082.96. This represents a 38.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.30% of the company's stock.

Bread Financial Stock Up 0.3%

Shares of NYSE:BFH opened at $106.26 on Monday. The stock has a market cap of $4.08 billion, a P/E ratio of 8.29, a P/E/G ratio of 0.67 and a beta of 1.11. The firm has a fifty day moving average price of $104.82 and a 200 day moving average price of $89.33. 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 Holdings, Inc. has a 1-year low of $53.83 and a 1-year high of $114.53.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $993.00 million for the quarter, compared to the consensus estimate of $959.32 million. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. Bread Financial's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $3.15 EPS. Sell-side analysts predict that Bread Financial Holdings, Inc. will post 12.1 EPS for the current 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. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Bread Financial in a report on Friday, July 24th. Morgan Stanley set a $107.00 price target on shares of Bread Financial in a research note on Friday, July 24th. Evercore reissued an "outperform" rating and issued a $116.00 price target on shares of Bread Financial in a research report on Monday, July 6th. BTIG Research upped their price objective on shares of Bread Financial from $105.00 to $132.00 and gave the company a "buy" rating in a research note on Tuesday, June 30th. Finally, Wall Street Zen raised Bread Financial from a "hold" rating to a "buy" rating in a report on Saturday, June 13th. Eight equities research 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.com, the company currently has an average rating of "Hold" and an average price target of $110.58.

Bread Financial 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.

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