Bread Financial Holdings, Inc. $BFH Shares Newly Bought by Copeland Capital Management LLC

Key Points

• Copeland Capital Management acquired 563,209 Bread Financial shares worth approximately $55.1 million, representing a 1.47% stake. Institutional investors collectively own 99.52% of the company.
• Analyst sentiment is mixed but leans positive: eight analysts rate BFH a Buy, seven rate it Hold, and one rates it Sell, with a consensus price target of $112.29.
• Bread Financial exceeded quarterly earnings expectations, reporting $3.55 in EPS and $993 million in revenue, while revenue grew 6.9% year over year. The company also maintains a quarterly dividend of $0.23 per share, or $0.92 annualized.

Copeland Capital Management LLC bought a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 563,209 shares of the company's stock, valued at approximately $55,054,000. Copeland Capital Management LLC owned approximately 1.47% of Bread Financial at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Bread Financial by 5.6% in the third quarter. GAMMA Investing LLC now owns 4,056 shares of the company's stock worth $396,000 after purchasing an additional 214 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Bread Financial by 248.6% in the third quarter. Farther Finance Advisors LLC now owns 2,172 shares of the company's stock worth $212,000 after acquiring an additional 1,549 shares during the period. Argent Capital Management LLC boosted its position in Bread Financial by 3.8% during the third quarter. Argent Capital Management LLC now owns 12,801 shares of the company's stock worth $1,251,000 after purchasing an additional 465 shares in the last quarter. QRG Capital Management Inc. grew its stake in Bread Financial by 10.1% in the 2nd quarter. QRG Capital Management Inc. now owns 4,127 shares of the company's stock valued at $447,000 after acquiring an additional 380 shares during the period. Finally, Engineers Gate Manager LP increased its stake in shares of Bread Financial by 238.9% during the second quarter. Engineers Gate Manager LP now owns 25,470 shares of the company's stock worth $2,760,000 after purchasing an additional 17,955 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Analyst Ratings Changes

BFH has been the subject of a number of recent research reports. Evercore set a $118.00 target price on shares of Bread Financial in a research report on Thursday, October 1st. Barclays boosted their price objective on shares of Bread Financial from $109.00 to $110.00 and gave the company an "equal weight" rating in a report on Monday, October 5th. BTIG Research upped their price target on Bread Financial from $105.00 to $132.00 and gave the stock a "buy" rating in a research note on Tuesday, June 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Bread Financial in a research note on Friday, July 24th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $115.00 price target on shares of Bread Financial in a report on Friday, July 24th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $112.29.

Insiders Place Their Bets

In related news, Director Praniti Lakhwara sold 2,802 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total value of $297,348.24. Following the completion of the sale, the director directly owned 4,458 shares in the company, valued at approximately $473,082.96. This represents a 38.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by company insiders.

Bread Financial Stock Up 0.8%

Shares of Bread Financial stock opened at $102.39 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $3.93 billion, a P/E ratio of 7.35, a PEG ratio of 0.80 and a beta of 1.15. Bread Financial Holdings, Inc. has a one year low of $55.80 and a one year high of $114.53. The firm has a fifty day moving average of $105.57 and a two-hundred day moving average of $97.22.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The company had revenue of $993.00 million for the quarter, compared to analyst estimates of $959.32 million. During the same period in the previous year, the firm earned $3.15 EPS. The business's revenue was up 6.9% on a year-over-year basis. On average, analysts forecast that Bread Financial Holdings, Inc. will post 12.12 earnings per share for the current year.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, August 31st. Bread Financial's dividend payout ratio (DPR) is 7.18%.

Bread Financial Profile

Bread Financial Corporation NYSE: BFH is a financial services company that provides payment, lending and savings solutions to consumers and businesses. The company works with merchants and brands to offer private-label and co-branded credit cards, installment loans, buy now, pay later services and other financing options at the point of sale.

Its consumer products and services include Bread Pay payment solutions, credit card programs issued through its banking subsidiaries, and Bread Savings deposit products.

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