Quantbot Technologies LP Buys 136,239 Shares of Bread Financial Holdings, Inc. $BFH

Key Points

• Quantbot Technologies LP has significantly increased its stake in Bread Financial Holdings by 424.9%, now owning approximately $8.43 million worth of shares.
• Bread Financial recently announced a quarterly dividend of $0.21 per share, equating to an annualized dividend yield of 1.4%.
• The company's latest earnings report showed a strong performance with earnings per share of $3.14, surpassing analyst expectations by $1.29.

Quantbot Technologies LP boosted its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 424.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 168,303 shares of the company's stock after purchasing an additional 136,239 shares during the period. Quantbot Technologies LP owned about 0.36% of Bread Financial worth $8,429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Curat Global LLC acquired a new stake in Bread Financial during the 1st quarter worth $28,000. Versant Capital Management Inc raised its holdings in shares of Bread Financial by 182.8% in the 1st quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock valued at $65,000 after purchasing an additional 839 shares during the period. GAMMA Investing LLC raised its holdings in shares of Bread Financial by 28.0% in the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after purchasing an additional 319 shares during the period. Castlekeep Investment Advisors LLC bought a new stake in shares of Bread Financial in the 4th quarter valued at about $104,000. Finally, Marshall Wace LLP bought a new stake in shares of Bread Financial in the 4th quarter valued at about $200,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Insider Buying and Selling at Bread Financial

In other news, Director John J. Fawcett purchased 1,027 shares of the business's stock in a transaction dated Wednesday, July 30th. The stock was bought at an average price of $61.79 per share, with a total value of $63,458.33. Following the acquisition, the director owned 10,302 shares in the company, valued at approximately $636,560.58. The trade was a 11.07% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.85% of the company's stock.

Bread Financial Stock Performance

Shares of NYSE:BFH traded up $2.8620 on Friday, reaching $62.4320. 501,015 shares of the company's stock were exchanged, compared to its average volume of 603,911. The company has a fifty day moving average of $59.33 and a 200-day moving average of $54.10. Bread Financial Holdings, Inc. has a twelve month low of $38.21 and a twelve month high of $66.71. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.94 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 (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, topping analysts' consensus estimates of $1.85 by $1.29. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The firm had revenue of $929.00 million for the quarter, compared to analyst estimates of $944.69 million. During the same quarter in the prior year, the business posted $2.66 EPS. 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. On average, research analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Dividend Announcement

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

Analysts Set New Price Targets

BFH has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Morgan Stanley upped their target price on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a report on Monday, May 12th. BTIG Research set a $105.00 target price on shares of Bread Financial and gave the company a "buy" rating in a report on Monday, July 14th. Barclays reiterated an "underweight" rating and issued a $52.00 price target (up previously from $45.00) on shares of Bread Financial in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada upped their price target on shares of Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $64.91.

About Bread Financial

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.