Invesco Ltd. Grows Stock Position in Bread Financial Holdings, Inc. $BFH

Key Points

• Invesco Ltd. increased its stake in Bread Financial Holdings by 43.6% in Q1, owning 529,049 shares valued at approximately $26.5 million.
• Insider transactions revealed that Director John J. Fawcett acquired 1,027 shares, raising his total ownership to 10,302 shares valued over $636,000.
• Bread Financial recently reported EPS of $3.14 for the last quarter, significantly exceeding analysts' expectations, despite a 1.1% year-over-year revenue decline.

Invesco Ltd. boosted its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 43.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 529,049 shares of the company's stock after purchasing an additional 160,580 shares during the quarter. Invesco Ltd. owned about 1.14% of Bread Financial worth $26,495,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Curat Global LLC bought a new stake in shares of Bread Financial during the 1st quarter worth $28,000. Versant Capital Management Inc grew its holdings 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 buying an additional 839 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Bread Financial by 28.0% during the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock worth $73,000 after purchasing an additional 319 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Bread Financial during the fourth quarter worth about $104,000. Finally, Marshall Wace LLP purchased a new position in shares of Bread Financial during the fourth quarter worth about $200,000. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Stock Up 0.7%

Shares of BFH traded up $0.45 during trading hours on Monday, hitting $62.81. The company had a trading volume of 343,169 shares, compared to its average volume of 574,693. The company has a market capitalization of $2.93 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 0.98 and a beta of 1.42. 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 one year low of $38.21 and a one year high of $66.71. The company's fifty day moving average price is $59.54 and its two-hundred day moving average price is $53.99.

Bread Financial (NYSE:BFH - Get Free Report) last announced its 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. The company had revenue of $929.00 million for the quarter, compared to analyst estimates of $944.69 million. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The firm's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.66 EPS. Bread Financial has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, August 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.3%. Bread Financial's dividend payout ratio is currently 14.21%.

Wall Street Analyst Weigh In

Several analysts have weighed in on BFH shares. Barclays reiterated an "underweight" rating and issued a $52.00 price objective (up previously from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Wall Street Zen cut Bread Financial from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Morgan Stanley increased their target price on Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th. Finally, BTIG Research set a $105.00 price objective on Bread Financial and gave the company a "buy" rating in a research report on Monday, July 14th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $64.91.

Insider Activity at Bread Financial

In other news, Director John J. Fawcett bought 1,027 shares of Bread Financial stock in a transaction on Wednesday, July 30th. The stock was acquired at an average price of $61.79 per share, with a total value of $63,458.33. Following the completion of the acquisition, the director directly owned 10,302 shares of the company's stock, valued at $636,560.58. The trade was a 11.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is owned by insiders.

Bread Financial 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.