Royal Bank of Canada Has $10.91 Million Stake in Bread Financial Holdings, Inc. $BFH

Key Points

• Royal Bank of Canada increased its stake in Bread Financial Holdings by 39%, holding approximately 0.47% of the company, valued at $10.91 million.
• Bread Financial reported a quarterly EPS of $3.14, exceeding analyst estimates, despite a 1.1% decline in revenue compared to the previous year.
• The company plans to distribute a quarterly dividend of $0.21 per share, with a yield of 1.3% and a payout ratio of 14.21%.

Royal Bank of Canada increased its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 39.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 217,773 shares of the company's stock after acquiring an additional 61,047 shares during the quarter. Royal Bank of Canada owned about 0.47% of Bread Financial worth $10,905,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Curat Global LLC bought a new stake in shares of Bread Financial in the first quarter worth $28,000. Quarry LP increased its position in Bread Financial by 947.5% during the first quarter. Quarry LP now owns 639 shares of the company's stock worth $32,000 after acquiring an additional 578 shares during the period. Versant Capital Management Inc grew its stake in Bread Financial by 182.8% during the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock worth $65,000 after buying an additional 839 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Bread Financial in the 1st quarter valued at approximately $92,000. Institutional investors own 99.52% of the company's stock.

Bread Financial Stock Down 0.1%

Shares of Bread Financial stock opened at $64.02 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. The company's fifty day simple moving average is $62.02 and its two-hundred day simple moving average is $54.52. The company has a market cap of $2.99 billion, a P/E ratio of 10.83, a PEG ratio of 0.58 and a beta of 1.46. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month high of $68.01.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $1.29. The business had revenue of $929.00 million for the quarter, compared to the consensus estimate of $944.69 million. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.66 EPS. Bread Financial has set its FY 2025 guidance at EPS. Research analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

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

Bread Financial declared that its board has initiated a stock buyback plan on Wednesday, August 27th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have commented on the company. 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. Barclays reaffirmed an "underweight" rating and issued a $52.00 target price (up from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Wall Street Zen lowered shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Royal Bank Of Canada increased their target price on Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a research report 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 company. According to data from MarketBeat.com, Bread Financial has a consensus rating of "Hold" and an average target price of $64.91.

Insider Buying and Selling

In other news, Director John J. Fawcett acquired 1,027 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The shares were bought at an average cost of $61.79 per share, with a total value of $63,458.33. Following the transaction, the director owned 10,302 shares of the company's stock, valued at $636,560.58. This trade represents a 11.07% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.

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