Jump Financial LLC Takes Position in Bread Financial Holdings, Inc. $BFH

Key Points

• Jump Financial LLC made a new investment of $4.27 million in Bread Financial Holdings, acquiring 85,255 shares, which represents approximately 0.18% of the company.
• Bread Financial recently announced a quarterly dividend of $0.21 per share, reflecting an annualized yield of 1.3% and a payout ratio of 14.21%.
• The company's stock closed at $62.81, with a 12-month trading range between $38.21 and $66.71; it reported a net margin of 6.05% and a return on equity of 13.10%.

Jump Financial LLC acquired a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 85,255 shares of the company's stock, valued at approximately $4,270,000. Jump Financial LLC owned about 0.18% of Bread Financial at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Curat Global LLC purchased a new stake in shares of Bread Financial during the 1st quarter worth $28,000. Versant Capital Management Inc lifted 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 valued at $65,000 after acquiring an additional 839 shares during the last quarter. GAMMA Investing LLC lifted its position in 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 acquiring an additional 319 shares during the last quarter. Marshall Wace LLP purchased a new stake in Bread Financial in the fourth quarter valued at $200,000. Finally, Cetera Investment Advisers purchased a new stake in Bread Financial in the fourth quarter valued at $214,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BFH shares. Wall Street Zen cut shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Royal Bank Of Canada boosted their price target 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. BTIG Research set a $105.00 price target on shares of Bread Financial and gave the stock a "buy" rating in a research note on Monday, July 14th. Morgan Stanley upped their target price on shares of Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Finally, Barclays reaffirmed an "underweight" rating and issued a $52.00 price target (up previously 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $64.91.

Bread Financial Trading Down 0.7%

Shares of BFH stock traded down $0.46 during mid-day trading on Friday, reaching $66.23. The company's stock had a trading volume of 583,506 shares, compared to its average volume of 546,634. The company's 50 day simple moving average is $60.56 and its 200-day simple moving average is $54.20. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month high of $67.33. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $3.09 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.05 and a beta of 1.42.

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. The business had revenue of $929.00 million during the quarter, compared to analyst estimates 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 was down 1.1% on a year-over-year basis. During the same period last year, the business earned $2.66 EPS. Bread Financial has set its FY 2025 guidance at EPS. On average, research analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 8th. Bread Financial's dividend payout ratio (DPR) is currently 14.21%.

Bread Financial declared that its Board of Directors has authorized a stock buyback program on Wednesday, August 27th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director John J. Fawcett acquired 1,027 shares of the firm's stock in a transaction on 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 acquisition, the director directly owned 10,302 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 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.