Algert Global LLC Boosts Stock Position in Bread Financial Holdings, Inc. $BFH

Key Points

• Algert Global LLC increased its stake in Bread Financial Holdings, Inc. (BFH) by 8.6%, acquiring an additional 6,780 shares, bringing its total to 85,517 shares valued at approximately $4.28 million.
• Bread Financial recently reported an earnings per share (EPS) of $3.14 for the last quarter, significantly surpassing the consensus estimate of $1.85, despite a 1.1% decrease in revenue year-over-year.
• The company has declared a quarterly dividend of $0.21 per share, resulting in an annualized yield of 1.4%, with a payout ratio of 14.21%.

Algert Global LLC lifted its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,517 shares of the company's stock after buying an additional 6,780 shares during the quarter. Algert Global LLC owned approximately 0.18% of Bread Financial worth $4,283,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BFH. Curat Global LLC purchased a new stake in shares of Bread Financial in the first quarter worth approximately $28,000. Versant Capital Management Inc raised its holdings in shares of Bread Financial by 182.8% in the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock worth $65,000 after buying an additional 839 shares during the period. GAMMA Investing LLC raised its holdings in shares of Bread Financial by 28.0% in the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock worth $73,000 after buying an additional 319 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in shares of Bread Financial in the fourth quarter worth approximately $104,000. Finally, Marshall Wace LLP purchased a new position in Bread Financial during the 4th quarter worth $200,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Bread Financial

In other Bread Financial news, Director John J. Fawcett bought 1,027 shares of Bread Financial stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.62% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BFH has been the topic of several research reports. Morgan Stanley raised their price objective on Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. BTIG Research set a $105.00 price objective on Bread Financial and gave the stock a "buy" rating in a report on Monday, July 14th. JMP Securities restated a "market perform" rating on shares of Bread Financial in a report on Monday, April 28th. Barclays restated an "underweight" rating and set a $52.00 price objective (up from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada raised their price objective on Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $64.91.

Bread Financial Stock Up 4.8%

Shares of NYSE:BFH traded up $2.8620 on Friday, reaching $62.4320. The company had a trading volume of 501,015 shares, compared to its average volume of 574,693. Bread Financial Holdings, Inc. has a 52-week low of $38.21 and a 52-week high of $66.71. The firm's 50 day simple moving average is $59.33 and its 200-day simple moving average is $53.98. The firm has a market capitalization of $2.91 billion, a PE ratio of 10.56, a PEG ratio of 0.98 and a beta of 1.42. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36.

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

Bread Financial Dividend Announcement

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

Bread Financial 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.