Exchange Traded Concepts LLC Has $5.46 Million Holdings in Bread Financial Holdings, Inc. $BFH

Key Points

• Exchange Traded Concepts LLC increased its holdings in Bread Financial Holdings by 5.9% during Q2, acquiring 5,342 additional shares for a total of approximately $5.46 million.
• Bread Financial recently reported $3.14 EPS for the quarter, exceeding estimates significantly, despite a slight year-over-year revenue decline.
• The company announced a quarterly dividend of $0.21 per share, resulting in an annualized yield of 1.3% and reflecting a payout ratio of 14.21%.

Exchange Traded Concepts LLC raised its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 5.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,591 shares of the company's stock after buying an additional 5,342 shares during the period. Exchange Traded Concepts LLC owned about 0.21% of Bread Financial worth $5,460,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BFH. Curat Global LLC acquired a new stake in Bread Financial during the first quarter valued at $28,000. Quarry LP raised its stake in shares of Bread Financial by 947.5% during the 1st quarter. Quarry LP now owns 639 shares of the company's stock worth $32,000 after purchasing an additional 578 shares in the last quarter. Versant Capital Management Inc grew its position in Bread Financial by 182.8% in the first 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. Strs Ohio acquired a new position in Bread Financial during the first quarter worth $65,000. Finally, GAMMA Investing LLC raised its stake in shares of Bread Financial by 28.0% in the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after acquiring an additional 319 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Bread Financial

In other news, Director John J. Fawcett bought 1,027 shares of the stock in a transaction dated Wednesday, July 30th. The stock was bought at an average cost of $61.79 per share, with a total value of $63,458.33. Following the purchase, the director owned 10,302 shares of the company's stock, valued at approximately $636,560.58. This represents a 11.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.62% of the company's stock.

Bread Financial Price Performance

Shares of NYSE BFH traded up $0.12 during midday trading on Tuesday, reaching $62.75. 143,548 shares of the company traded hands, compared to its average volume of 795,676. Bread Financial Holdings, Inc. has a 12 month low of $38.21 and a 12 month high of $68.01. The stock's 50-day simple moving average is $62.33 and its 200-day simple moving average is $55.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $2.93 billion, a PE ratio of 10.60, a PEG ratio of 0.58 and a beta of 1.46.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $929.00 million during the quarter, compared to analysts' expectations of $944.69 million. During the same period last year, the firm posted $2.66 EPS. The business's revenue was down 1.1% on a year-over-year basis. Bread Financial has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

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

Bread Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

BFH has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Barclays reissued an "underweight" rating and issued a $52.00 price objective (up from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Royal Bank Of Canada increased their price target on shares of Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Finally, BTIG Research set a $105.00 price target on Bread Financial and gave the company a "buy" rating in a report on Monday, July 14th. Four equities research 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. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $64.91.

About Bread Financial

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.