Ieq Capital LLC Lowers Stock Holdings in Bread Financial Holdings, Inc. $BFH

Key Points

• Ieq Capital LLC reduced its stake in Bread Financial Holdings by 38.2% during Q1, now holding 9,313 shares valued at approximately $466,000.
• Bread Financial recently announced a $0.21 quarterly dividend, with an annual yield of 1.3%, and a share repurchase plan indicating management's belief that the stock is undervalued.
• Analysts have mixed ratings on Bread Financial, with an average rating of "Hold" and an average price target of $64.91, while recent price targets range from $39.00 to $105.00.

Ieq Capital LLC lowered its stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 38.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,313 shares of the company's stock after selling 5,760 shares during the period. Ieq Capital LLC's holdings in Bread Financial were worth $466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Curat Global LLC acquired a new stake in shares of Bread Financial during the 1st quarter worth about $28,000. Versant Capital Management Inc raised 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 worth $65,000 after acquiring an additional 839 shares in the last quarter. GAMMA Investing LLC raised 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 worth $73,000 after acquiring an additional 319 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of 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 in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Bread Financial during the 4th quarter worth about $214,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett bought 1,027 shares of the stock in a transaction on Wednesday, July 30th. The shares were bought at an average cost of $61.79 per share, for a total transaction of $63,458.33. Following the purchase, 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 position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.85% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BFH shares. BTIG Research set a $105.00 target price on Bread Financial and gave the stock a "buy" rating in a research report on Monday, July 14th. Royal Bank Of Canada raised their target price on Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Barclays reissued an "underweight" rating and set a $52.00 target price (up previously from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Finally, Wall Street Zen lowered Bread Financial from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $64.91.

Bread Financial Stock Performance

BFH traded down $0.01 during trading on Wednesday, hitting $64.21. 444,041 shares of the stock were exchanged, compared to its average volume of 471,262. The firm has a market capitalization of $2.99 billion, a P/E ratio of 10.86, a PEG ratio of 0.58 and a beta of 1.46. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $68.01. The stock has a fifty day moving average price of $61.95 and a two-hundred day moving average price of $54.46. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.36.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly 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. The company had revenue of $929.00 million for the quarter, compared to analyst estimates of $944.69 million. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The firm's revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.66 earnings per share. Bread Financial has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 27th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, August 8th. Bread Financial's dividend payout ratio (DPR) is 14.21%.

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.