Kodai Capital Management LP Sells 59,659 Shares of Bread Financial Holdings, Inc. $BFH

Key Points

• Kodai Capital Management LP has sold 59,659 shares of Bread Financial Holdings, reducing its ownership by 48.8%, now holding a total of 62,551 shares valued at approximately $3.1 million.
• Wall Street analysts have mixed ratings for Bread Financial, with a consensus rating of "Hold" and an average price target of $64.91, while some firms raised their price targets significantly.
• The company declared a quarterly dividend of $0.21 per share and announced a stock buyback program, signaling potential confidence in the company’s valuation.

Kodai Capital Management LP lessened its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 48.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 62,551 shares of the company's stock after selling 59,659 shares during the period. Kodai Capital Management LP owned 0.13% of Bread Financial worth $3,133,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. State of Wyoming bought a new position in Bread Financial in the first quarter valued at about $92,000. Trexquant Investment LP acquired a new stake in Bread Financial in the first quarter worth about $1,854,000. Jump Financial LLC acquired a new stake in Bread Financial in the first quarter worth about $4,270,000. Martingale Asset Management L P increased its position in Bread Financial by 9.0% in the first quarter. Martingale Asset Management L P now owns 35,033 shares of the company's stock worth $1,754,000 after purchasing an additional 2,903 shares during the period. Finally, Quantbot Technologies LP increased its position in Bread Financial by 424.9% in the first quarter. Quantbot Technologies LP now owns 168,303 shares of the company's stock worth $8,429,000 after purchasing an additional 136,239 shares during the period. Institutional investors own 99.52% of the company's stock.

Bread Financial Stock Up 1.5%

Bread Financial stock traded up $0.98 during midday trading on Thursday, reaching $66.85. The stock had a trading volume of 80,849 shares, compared to its average volume of 808,820. 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's fifty day simple moving average is $61.18 and its 200-day simple moving average is $54.29. The stock has a market capitalization of $3.12 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 1.04 and a beta of 1.46. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $67.33.

Bread Financial (NYSE:BFH - Get Free Report) last posted 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 the consensus estimate of $944.69 million. During the same period last year, the company earned $2.66 earnings per share. The business's revenue was down 1.1% compared to the same quarter last year. Bread Financial has set its FY 2025 guidance at EPS. As a group, analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial declared that its Board of Directors has approved a stock buyback program on Wednesday, August 27th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Bread Financial Dividend Announcement

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

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett bought 1,027 shares of Bread Financial 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 purchase, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on BFH. Morgan Stanley lifted their price objective on Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Barclays reiterated 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. Wall Street Zen cut Bread Financial from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Royal Bank Of Canada raised their target price on Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Finally, BTIG Research set a $105.00 target price on Bread Financial and gave the stock a "buy" rating in a report on Monday, July 14th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Bread Financial presently has a consensus rating of "Hold" and an average target price of $64.91.

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.