Livforsakringsbolaget Skandia Omsesidigt Acquires Shares of 14,700 Bread Financial Holdings, Inc. $BFH

Key Points

• Livforsakringsbolaget Skandia Omsesidigt acquired 14,700 shares of Bread Financial, valued at approximately $1.59 million. Institutional investors collectively own 99.52% of BFH, with several major funds increasing their positions.
• Bread Financial reported stronger-than-expected quarterly results, with EPS of $3.55 versus the $2.74 consensus and revenue of $993 million, up 6.9% year over year.
• The company declared a quarterly dividend of $0.23 per share, equivalent to $0.92 annually and a 0.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $112.08.

Livforsakringsbolaget Skandia Omsesidigt bought a new position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 14,700 shares of the company's stock, valued at approximately $1,593,000.

Other hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Bread Financial by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,589 shares of the company's stock valued at $1,482,000 after buying an additional 1,286 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Bread Financial by 46.5% in the 1st quarter. Millennium Management LLC now owns 345,902 shares of the company's stock worth $17,323,000 after acquiring an additional 109,864 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Bread Financial by 104.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company's stock valued at $36,889,000 after acquiring an additional 376,920 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Bread Financial by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,833 shares of the company's stock valued at $7,904,000 after acquiring an additional 4,624 shares in the last quarter. Finally, Strs Ohio acquired a new position in Bread Financial during the 1st quarter valued at about $65,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Insiders Place Their Bets

In other Bread Financial news, Director Praniti Lakhwara sold 2,802 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total value of $297,348.24. Following the transaction, the director directly owned 4,458 shares in the company, valued at $473,082.96. The trade was a 38.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.

Bread Financial Stock Down 2.1%

Shares of NYSE:BFH opened at $105.75 on Friday. The company has a market capitalization of $4.06 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 0.68 and a beta of 1.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.17 and a quick ratio of 1.17. The business has a fifty day moving average price of $105.31 and a two-hundred day moving average price of $90.28. Bread Financial Holdings, Inc. has a 1 year low of $53.83 and a 1 year high of $114.53.

Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.81. The firm had revenue of $993.00 million during the quarter, compared to analyst estimates of $959.32 million. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.The business's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $3.15 EPS. Analysts forecast that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.92 annualized dividend and a yield of 0.9%. Bread Financial's payout ratio is currently 7.18%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wall Street Zen raised Bread Financial from a "hold" rating to a "buy" rating in a report on Saturday, June 13th. Loop Capital began coverage on Bread Financial in a research report on Thursday, May 21st. They set a "buy" rating and a $104.00 target price on the stock. Royal Bank Of Canada reiterated a "sector perform" rating and set a $115.00 price target on shares of Bread Financial in a report on Friday, July 24th. The Goldman Sachs Group raised their price objective on Bread Financial from $94.00 to $108.00 and gave the company a "neutral" rating in a research note on Tuesday, July 7th. Finally, Morgan Stanley set a $107.00 target price on shares of Bread Financial in a research note on Friday, July 24th. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Bread Financial currently has an average rating of "Hold" and a consensus price target of $112.08.

About Bread Financial

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.

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