Dimensional Fund Advisors LP Has $154.85 Million Holdings in Bread Financial Holdings, Inc. $BFH

Key Points

• Dimensional Fund Advisors LP reduced its stake in Bread Financial Holdings by 2.1%, now holding approximately 3.09 million shares valued at $154.8 million.
• Insider trading activity includes Director John J. Fawcett purchasing 1,027 shares at $61.79 each, increasing his ownership by 11.07%.
• Bread Financial announced a quarterly dividend of $0.21 per share, which will be paid on September 12th, representing a 1.4% yield.

Dimensional Fund Advisors LP trimmed its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,092,090 shares of the company's stock after selling 66,050 shares during the period. Dimensional Fund Advisors LP owned approximately 6.64% of Bread Financial worth $154,849,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Mackenzie Financial Corp boosted its position in shares of Bread Financial by 0.7% in the 1st quarter. Mackenzie Financial Corp now owns 40,918 shares of the company's stock valued at $2,049,000 after purchasing an additional 296 shares during the period. GAMMA Investing LLC boosted its position in Bread Financial by 28.0% during the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock worth $73,000 after acquiring an additional 319 shares during the period. QRG Capital Management Inc. boosted its position in Bread Financial by 10.2% during the 1st quarter. QRG Capital Management Inc. now owns 4,037 shares of the company's stock worth $202,000 after acquiring an additional 373 shares during the period. Envestnet Asset Management Inc. boosted its position in Bread Financial by 4.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 9,404 shares of the company's stock worth $574,000 after acquiring an additional 395 shares during the period. Finally, Hancock Whitney Corp boosted its position in Bread Financial by 6.9% during the 4th quarter. Hancock Whitney Corp now owns 6,404 shares of the company's stock worth $391,000 after acquiring an additional 411 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Bread Financial

In other news, Director John J. Fawcett acquired 1,027 shares of the firm's stock in a transaction dated Wednesday, July 30th. The shares were bought at an average price of $61.79 per share, with a total value of $63,458.33. Following the acquisition, the director owned 10,302 shares of the company's stock, valued at $636,560.58. This trade represents a 11.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.62% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BTIG Research set a $105.00 price objective on Bread Financial and gave the stock a "buy" rating in a research report on Monday, July 14th. Morgan Stanley raised their price objective on Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Wall Street Zen downgraded Bread Financial from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Barclays reaffirmed an "underweight" rating and set a $52.00 price target (up from $45.00) on shares of Bread Financial in a research note on Tuesday, July 8th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $64.91.

Bread Financial Stock Performance

Shares of BFH stock traded up $0.1450 during trading on Tuesday, reaching $62.9950. The company had a trading volume of 23,237 shares, compared to its average volume of 816,423. The firm's 50 day simple moving average is $59.54 and its two-hundred day simple moving average is $53.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 1.18. Bread Financial Holdings, Inc. has a one year low of $38.21 and a one year high of $66.71. The company has a market capitalization of $2.94 billion, a PE ratio of 10.66, a PEG ratio of 0.98 and a beta of 1.42.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $3.14 earnings per share 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 earned $2.66 EPS. The firm's revenue was down 1.1% compared to the same quarter last year. Bread Financial has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.3%. Bread Financial's dividend payout ratio (DPR) is 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.