Cubist Systematic Strategies LLC Buys New Holdings in Bread Financial Holdings, Inc. $BFH

Key Points

• Cubist Systematic Strategies LLC has invested approximately $3.07 million in Bread Financial Holdings, acquiring 61,331 shares, which represents 0.13% of the company's stock.
• Several institutional investors, including GAMMA Investing LLC and Envestnet Asset Management Inc., have recently increased their stakes in Bread Financial, indicating strong interest from hedge funds.
• Analysts have set new price targets for Bread Financial, with estimates ranging up to $105.00, while its consensus rating remains a "Hold" with a target price of $64.91.

Cubist Systematic Strategies LLC acquired a new position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 61,331 shares of the company's stock, valued at approximately $3,071,000. Cubist Systematic Strategies LLC owned approximately 0.13% of Bread Financial as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in shares of Bread Financial by 45.0% during the first quarter. Wellington Management Group LLP now owns 1,320,418 shares of the company's stock valued at $66,127,000 after purchasing an additional 409,877 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in Bread Financial by 550.8% in the fourth quarter. Point72 Asset Management L.P. now owns 462,307 shares of the company's stock worth $28,228,000 after purchasing an additional 391,272 shares during the last quarter. Invesco Ltd. grew its position in Bread Financial by 43.6% in the 1st quarter. Invesco Ltd. now owns 529,049 shares of the company's stock worth $26,495,000 after purchasing an additional 160,580 shares during the period. Jupiter Asset Management Ltd. raised its stake in Bread Financial by 45.6% during the 1st quarter. Jupiter Asset Management Ltd. now owns 506,168 shares of the company's stock valued at $25,349,000 after buying an additional 158,557 shares during the last quarter. Finally, Quantbot Technologies LP lifted its holdings in shares of Bread Financial by 424.9% during the 1st quarter. Quantbot Technologies LP now owns 168,303 shares of the company's stock valued at $8,429,000 after buying an additional 136,239 shares during the period. Institutional investors own 99.52% of the company's stock.

Bread Financial Stock Performance

BFH traded down $0.05 during midday trading on Thursday, reaching $64.02. The company had a trading volume of 667,583 shares, compared to its average volume of 473,681. The business has a 50-day moving average of $62.02 and a two-hundred day moving average of $54.52. 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 Holdings, Inc. has a 1 year low of $38.21 and a 1 year high of $68.01. The company has a market cap of $2.99 billion, a P/E ratio of 10.83, a P/E/G ratio of 0.58 and a beta of 1.46.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $1.29. The company had revenue of $929.00 million during 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 was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.66 EPS. Bread Financial has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal 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 paid 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 dividend yield of 1.3%. Bread Financial's dividend payout ratio is 14.21%.

Bread Financial announced that its Board of Directors has initiated a share buyback program on Wednesday, August 27th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently commented on BFH. Barclays reaffirmed an "underweight" rating and issued a $52.00 price objective (up previously from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Wall Street Zen downgraded Bread Financial from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Royal Bank Of Canada increased their price objective on shares of Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Finally, BTIG Research set a $105.00 target price on shares of Bread Financial and gave the company a "buy" rating in a research report on Monday, July 14th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $64.91.

Insider Activity 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 purchased at an average cost of $61.79 per share, for a total transaction of $63,458.33. Following the transaction, the director directly owned 10,302 shares of the company's stock, valued at approximately $636,560.58. This trade represents a 11.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.85% of the stock is owned by 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.