Quantinno Capital Management LP Grows Stock Holdings in Bread Financial Holdings, Inc. $BFH

Key Points

• Institutional ownership increased: Quantinno Capital Management raised its Bread Financial stake by 66.9% to 28,170 shares, while institutional investors collectively own 99.52% of BFH.
• Analyst sentiment is cautiously positive: Eight analysts rate BFH a Buy, six Hold, and one Sell, with an average price target of $110.58. Recent targets range as high as $127.
• Strong quarterly performance and dividend: Bread Financial reported quarterly earnings of $3.55 per share, beating estimates by $0.81, while revenue rose 6.9% year over year to $992 million. The company also declared a quarterly dividend of $0.23 per share, representing a 0.9% yield.

Quantinno Capital Management LP grew its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 66.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,170 shares of the company's stock after buying an additional 11,292 shares during the quarter. Quantinno Capital Management LP owned 0.07% of Bread Financial worth $2,110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Bread Financial by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,086,060 shares of the company's stock valued at $231,111,000 after acquiring an additional 9,854 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Bread Financial by 17.3% during the fourth quarter. Franklin Resources Inc. now owns 2,029,894 shares of the company's stock worth $150,273,000 after purchasing an additional 299,439 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Bread Financial by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,159,731 shares of the company's stock valued at $85,866,000 after purchasing an additional 14,257 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Bread Financial by 21.6% in the fourth quarter. Allianz Asset Management GmbH now owns 1,147,366 shares of the company's stock valued at $84,940,000 after purchasing an additional 203,707 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in shares of Bread Financial by 14.7% in the first quarter. Hsbc Holdings PLC now owns 1,009,890 shares of the company's stock valued at $74,667,000 after purchasing an additional 129,774 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BFH. Evercore reiterated an "outperform" rating and set a $116.00 target price on shares of Bread Financial in a report on Monday, July 6th. Bank of America restated a "buy" rating and issued a $108.00 price target on shares of Bread Financial in a research note on Wednesday, June 10th. Wall Street Zen raised Bread Financial from a "hold" rating to a "buy" rating in a research report on Saturday, June 13th. UBS Group increased their price objective on Bread Financial from $120.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Bread Financial in a report on Friday, July 24th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $110.58.

Insider Activity at Bread Financial

In other Bread Financial news, Director Praniti Lakhwara sold 2,802 shares of Bread Financial stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total transaction of $297,348.24. Following the transaction, the director owned 4,458 shares of the company's stock, valued at $473,082.96. The trade was a 38.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ralph J. Andretta sold 15,000 shares of the business's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $89.10, for a total value of $1,336,500.00. Following the completion of the sale, the chief executive officer owned 582,241 shares of the company's stock, valued at approximately $51,877,673.10. This represents a 2.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company's stock.

Bread Financial Trading Down 0.3%

NYSE BFH opened at $107.95 on Tuesday. The firm's fifty day moving average price is $102.10 and its 200 day moving average price is $86.88. Bread Financial Holdings, Inc. has a 12 month low of $53.83 and a 12 month high of $114.12. 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 company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, beating analysts' consensus estimates of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The firm had revenue of $992.00 million during the quarter, compared to analysts' expectations of $959.32 million. During the same period in the previous year, the company earned $3.15 earnings per share. Bread Financial's quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

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

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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