Ieq Capital LLC Has $466,000 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 reduced its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 38.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,313 shares of the company's stock after selling 5,760 shares during the quarter. Ieq Capital LLC's holdings in Bread Financial were worth $466,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Curat Global LLC acquired a new stake in Bread Financial during the 1st quarter valued at approximately $28,000. Versant Capital Management Inc grew its stake in 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 purchasing an additional 839 shares in the last quarter. GAMMA Investing LLC grew its stake in 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 purchasing an additional 319 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Bread Financial during the 4th quarter valued at approximately $214,000. Finally, QRG Capital Management Inc. grew its position in shares of Bread Financial by 10.2% in 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. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Stock Performance

Bread Financial stock traded down $0.69 during mid-day trading on Friday, hitting $66.29. 348,703 shares of the company's stock traded hands, compared to its average volume of 461,406. The firm has a 50 day moving average price of $61.58 and a 200 day moving average price of $54.27. 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 company has a market cap of $3.09 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 0.60 and a beta of 1.46. Bread Financial Holdings, Inc. has a one year low of $38.21 and a one year high of $68.01.

Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $1.85 by $1.29. The firm had revenue of $929.00 million for the quarter, compared to the consensus estimate 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 for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.66 EPS. Bread Financial has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

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

Bread Financial announced that its Board of Directors has authorized a stock buyback plan on Wednesday, August 27th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently commented on BFH shares. Barclays reiterated an "underweight" rating and issued a $52.00 target price (up previously from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Royal Bank Of Canada lifted 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. Morgan Stanley lifted their target price on Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. 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. 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 analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $64.91.

Insider Buying and Selling at Bread Financial

In other news, Director John J. Fawcett acquired 1,027 shares of the business's stock in a transaction dated Wednesday, July 30th. The stock was acquired at an average price of $61.79 per share, for a total transaction 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 represents a 11.07% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.85% of the stock is currently owned by company insiders.

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.