Intech Investment Management LLC Trims Stake in Bread Financial Holdings, Inc. $BFH

Key Points

• Intech Investment Management LLC significantly reduced its stake in Bread Financial Holdings, Inc. by 69.8%, selling over 102,000 shares during the first quarter, and now owns approximately 0.10% of the company with a value of $2.22 million.
• Despite the stake reduction, other investors like Curat Global LLC and Quarry LP have shown interest in Bread Financial, with substantial increases in their holdings during the same period.
• Bread Financial's latest earnings report exceeded analyst expectations with an EPS of $3.14, and the company also announced a dividend of $0.21 per share, reflecting a modest yield of 1.3%.

Intech Investment Management LLC lowered its stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 69.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,392 shares of the company's stock after selling 102,413 shares during the quarter. Intech Investment Management LLC owned approximately 0.10% of Bread Financial worth $2,223,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in BFH. Curat Global LLC purchased a new position in shares of Bread Financial during the 1st quarter worth $28,000. Quarry LP lifted 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 during the period. Versant Capital Management Inc lifted its stake 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 purchasing an additional 839 shares during the period. GAMMA Investing LLC lifted its stake 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 purchasing an additional 319 shares during the period. Finally, State of Wyoming purchased a new position in shares of Bread Financial during the 1st quarter worth $92,000. Hedge funds and other institutional investors own 99.52% of the company's stock.

Bread Financial Stock Up 1.0%

Shares of NYSE BFH opened at $63.84 on Tuesday. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month high of $68.01. The company has a market cap of $2.98 billion, a P/E ratio of 10.80, a P/E/G ratio of 0.57 and a beta of 1.46. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average price of $62.16 and a 200 day moving average price of $54.66.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $944.69 million. During the same period in the prior year, the firm earned $2.66 EPS. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. Bread Financial has set its FY 2025 guidance at EPS. Research analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Dividend Announcement

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

Bread Financial announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 27th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

BFH has been the topic of a number of recent analyst reports. Wall Street Zen lowered Bread Financial from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. 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. Barclays reaffirmed an "underweight" rating and issued a $52.00 target price (up from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Finally, Royal Bank Of Canada increased 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. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Bread Financial currently has an average rating of "Hold" and a consensus target price of $64.91.

Insider Buying and Selling at Bread Financial

In other Bread Financial 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, for a total transaction of $63,458.33. Following the completion of the purchase, the director directly owned 10,302 shares of the company's stock, valued at approximately $636,560.58. The trade was a 11.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.62% of the stock is owned by corporate insiders.

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.

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