Intech Investment Management LLC Has $2.22 Million Stock Position 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 cut its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 69.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,392 shares of the company's stock after selling 102,413 shares during the period. Intech Investment Management LLC owned approximately 0.10% of Bread Financial worth $2,223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp lifted its position in shares of Bread Financial by 0.7% in the first quarter. Mackenzie Financial Corp now owns 40,918 shares of the company's stock valued at $2,049,000 after acquiring an additional 296 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Bread Financial by 28.0% in the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after buying an additional 319 shares in the last quarter. QRG Capital Management Inc. grew its stake in 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 purchasing an additional 373 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Bread Financial by 1.4% during the 1st quarter. Federated Hermes Inc. now owns 31,082 shares of the company's stock worth $1,557,000 after buying an additional 441 shares during the last quarter. Finally, Hancock Whitney Corp lifted its holdings in Bread Financial by 7.5% during the 1st quarter. Hancock Whitney Corp now owns 6,886 shares of the company's stock worth $345,000 after buying an additional 482 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BFH shares. Wall Street Zen cut Bread Financial from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. BTIG Research set a $105.00 price objective on Bread Financial and gave the company a "buy" rating in a research note on Monday, July 14th. Royal Bank Of Canada raised their price objective on 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, Barclays restated an "underweight" rating and set a $52.00 target price (up from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $64.91.

Bread Financial Stock Performance

NYSE BFH traded down $0.60 during trading hours on Friday, hitting $63.46. 1,299,787 shares of the company's stock traded hands, compared to its average volume of 524,299. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. Bread Financial Holdings, Inc. has a 52 week low of $38.21 and a 52 week high of $68.01. The firm has a market capitalization of $2.96 billion, a P/E ratio of 10.74, a P/E/G ratio of 0.58 and a beta of 1.46. The business's fifty day moving average price is $62.32 and its two-hundred day moving average price is $54.94.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $3.14 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $1.29. The firm had revenue of $929.00 million for the quarter, compared to analysts' expectations of $944.69 million. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The business's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.66 earnings per share. Bread Financial has set its FY 2025 guidance at EPS. Equities research analysts predict 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 was paid on Friday, September 12th. Stockholders of record on Friday, August 8th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 8th. Bread Financial's dividend payout ratio is presently 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.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, Director John J. Fawcett acquired 1,027 shares of the business's stock in a transaction on Wednesday, July 30th. The stock was purchased at an average price of $61.79 per share, for a total transaction of $63,458.33. Following the completion of the transaction, the director owned 10,302 shares of the company's stock, valued at $636,560.58. The trade was a 11.07% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.85% of the stock is currently owned by corporate 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.