Quantbot Technologies LP Acquires 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 raised its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 424.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,303 shares of the company's stock after acquiring an additional 136,239 shares during the quarter. 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 institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in Bread Financial by 45.0% during the first quarter. Wellington Management Group LLP now owns 1,320,418 shares of the company's stock valued at $66,127,000 after acquiring an additional 409,877 shares during the last quarter. Northern Trust Corp boosted its position in Bread Financial by 0.9% during the first quarter. Northern Trust Corp now owns 606,546 shares of the company's stock valued at $30,376,000 after acquiring an additional 5,291 shares during the last quarter. Versor Investments LP bought a new stake in Bread Financial during the first quarter valued at $247,000. Algert Global LLC boosted its position in Bread Financial by 8.6% during the first quarter. Algert Global LLC now owns 85,517 shares of the company's stock valued at $4,283,000 after acquiring an additional 6,780 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Bread Financial by 5.8% during the first quarter. American Century Companies Inc. now owns 1,461,844 shares of the company's stock valued at $73,209,000 after acquiring an additional 79,709 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. BTIG Research set a $105.00 price target on shares of Bread Financial and gave the company a "buy" rating in a research report on Monday, July 14th. Morgan Stanley upped their price target on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. Royal Bank Of Canada increased their price objective on shares of Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Barclays reissued an "underweight" rating and set a $52.00 price objective (up previously from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Finally, JMP Securities reissued a "market perform" rating on shares of Bread Financial in a research report on Monday, April 28th. Four equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $64.91.

Bread Financial Stock Down 0.5%

Shares of BFH traded down $0.2850 on Wednesday, reaching $59.5850. The company's stock had a trading volume of 371,528 shares, compared to its average volume of 657,707. 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 twelve month low of $38.21 and a twelve month high of $66.71. The stock has a market capitalization of $2.78 billion, a PE ratio of 10.08, a PEG ratio of 0.94 and a beta of 1.42. The firm has a fifty day moving average of $58.98 and a 200-day moving average of $54.10.

Bread Financial (NYSE:BFH - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $3.14 earnings per share 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 company 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 firm's revenue was down 1.1% compared to the same quarter last year. Bread Financial has set its FY 2025 guidance at EPS. Equities analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 8th. Bread Financial's dividend payout ratio is currently 14.21%.

Insider Buying and Selling

In other news, Director John J. Fawcett acquired 1,027 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was purchased at an average price of $61.79 per share, for a total transaction of $63,458.33. Following the purchase, the director owned 10,302 shares in the company, valued at approximately $636,560.58. This represents a 11.07% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.85% of the company's stock.

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.