Algert Global LLC Buys 6,780 Shares of 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 boosted its stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,517 shares of the company's stock after purchasing an additional 6,780 shares during the quarter. Algert Global LLC owned approximately 0.18% of Bread Financial worth $4,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Curat Global LLC bought a new position in Bread Financial in the 1st quarter worth about $28,000. Versant Capital Management Inc boosted its position in shares of Bread Financial by 182.8% during the 1st quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock valued at $65,000 after acquiring an additional 839 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Bread Financial by 28.0% during the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after acquiring an additional 319 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Bread Financial during the 4th quarter valued at about $104,000. Finally, Marshall Wace LLP bought a new stake in shares of Bread Financial during the 4th quarter valued at about $200,000. Institutional investors own 99.52% of the company's stock.

Insider Activity

In other Bread Financial news, Director John J. Fawcett purchased 1,027 shares of the stock in a transaction dated Wednesday, July 30th. The shares were purchased 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 directly owned 10,302 shares in the company, valued at $636,560.58. This trade represents a 11.07% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.62% of the stock is currently owned by insiders.

Bread Financial Price Performance

Shares of BFH stock opened at $60.26 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The business's fifty day moving average is $58.73 and its 200 day moving average is $54.03. Bread Financial Holdings, Inc. has a twelve month low of $38.21 and a twelve month high of $66.71. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.96 and a beta of 1.42.

Bread Financial (NYSE:BFH - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $3.14 EPS for the quarter, topping the consensus estimate 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 in the previous year, the company posted $2.66 earnings per share. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. Research analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently declared 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 8th. Bread Financial's dividend payout ratio is presently 14.21%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BFH shares. BTIG Research set a $105.00 price target on Bread Financial and gave the company a "buy" rating in a research report on Monday, July 14th. Wall Street Zen downgraded Bread Financial from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Royal Bank Of Canada lifted their price target on Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Barclays reissued 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, JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $64.42.

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.

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