Bread Financial Holdings, Inc. $BFH Shares Purchased by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Bread Financial stake by 23.6% in the first quarter to 54,175 shares, while institutional investors and hedge funds collectively own 99.52% of BFH.
• Bread Financial reported quarterly EPS of $3.55, exceeding the $2.74 analyst consensus, while revenue rose 6.9% year over year to $992 million.
• The company declared a quarterly dividend of $0.23 per share, equivalent to an annualized $0.92 and a 0.9% yield; analysts maintain a consensus “Hold” rating with an average price target of $110.58.

California State Teachers Retirement System increased its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 23.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,175 shares of the company's stock after buying an additional 10,347 shares during the quarter. California State Teachers Retirement System owned about 0.13% of Bread Financial worth $4,057,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its position 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 buying an additional 17,269 shares during the period. UBS Group AG grew its position in 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 acquiring an additional 359,088 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in 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 worth $15,977,000 after acquiring an additional 215,253 shares during the last quarter. Intech Investment Management LLC increased its stake in Bread Financial by 240.1% during the fourth quarter. Intech Investment Management LLC now owns 156,689 shares of the company's stock worth $11,600,000 after acquiring an additional 110,616 shares during the last quarter. Finally, Moran Wealth Management LLC purchased a new position in shares of Bread Financial in the 4th quarter worth about $2,824,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Stock Performance

Bread Financial stock opened at $108.22 on Friday. Bread Financial Holdings, Inc. has a 12-month low of $53.83 and a 12-month high of $114.12. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 0.71 and a beta of 1.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.17 and a quick ratio of 1.17. The firm's fifty day moving average price is $101.73 and its 200 day moving average price is $86.52.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, beating analysts' consensus estimates 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 $992.00 million during the quarter, compared to analysts' expectations of $959.32 million. During the same period in the prior year, the company posted $3.15 EPS. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts forecast that Bread Financial Holdings, Inc. will post 11.82 EPS for the current fiscal year.

Bread Financial Dividend Announcement

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

Insiders Place Their Bets

In other Bread Financial news, Director Praniti Lakhwara sold 2,802 shares of the firm's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total transaction of $297,348.24. Following the completion of the transaction, the director directly owned 4,458 shares of the company's stock, valued at $473,082.96. This trade represents a 38.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,336,500.00. Following the completion of the sale, the chief executive officer directly owned 582,241 shares of the company's stock, valued at $51,877,673.10. The trade was a 2.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on BFH. Wolfe Research reissued a "positive" rating on shares of Bread Financial in a research report on Wednesday, June 10th. Zacks Research cut shares of Bread Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Loop Capital assumed coverage on shares of Bread Financial in a research report on Thursday, May 21st. They set a "buy" rating and a $104.00 price target on the stock. UBS Group increased their price target on Bread Financial from $120.00 to $127.00 and gave the company a "buy" rating in a report on Monday. Finally, TD Cowen raised their price objective on Bread Financial from $103.00 to $114.00 and gave the company a "hold" rating in a research report on Friday, July 24th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company 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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