Squarepoint Ops LLC Lowers Stock Position in Bread Financial Holdings, Inc. $BFH

Key Points

• Squarepoint Ops LLC cut its Bread Financial stake by 94.4% in the second quarter, selling 192,135 shares and retaining 11,418 shares valued at approximately $1.24 million. Institutional investors still own 99.52% of BFH.
• Bread Financial reported quarterly earnings of $3.55 per share, exceeding estimates of $2.74, while revenue rose 6.9% year over year to $993 million. Shares recently traded near $108, with a consensus analyst rating of “Moderate Buy” and an average price target of $112.29.
• The company declared a quarterly dividend of $0.23 per share, equivalent to an annualized $0.92 dividend and a 0.8% yield. More recent operating updates showed improved credit metrics and 5.6% loan growth, though broader consumer-credit deterioration remains a risk.

Squarepoint Ops LLC decreased its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 94.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,418 shares of the company's stock after selling 192,135 shares during the period. Squarepoint Ops LLC's holdings in Bread Financial were worth $1,237,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of Bread Financial by 27.2% in the 2nd quarter. Allworth Financial LP now owns 679 shares of the company's stock valued at $74,000 after buying an additional 145 shares during the period. Nykredit A S purchased a new position in Bread Financial in the second quarter worth $201,000. Corient Private Wealth LP raised its position in Bread Financial by 8.5% in the second quarter. Corient Private Wealth LP now owns 4,816 shares of the company's stock worth $522,000 after acquiring an additional 377 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Bread Financial in the second quarter valued at $303,000. Finally, HB Wealth Management LLC lifted its holdings in Bread Financial by 21.0% in the second quarter. HB Wealth Management LLC now owns 3,579 shares of the company's stock valued at $388,000 after acquiring an additional 622 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Trading Up 0.7%

Shares of BFH stock opened at $108.36 on Thursday. The stock has a market cap of $4.16 billion, a P/E ratio of 8.45, a P/E/G ratio of 0.68 and a beta of 1.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.25. Bread Financial Holdings, Inc. has a fifty-two week low of $53.83 and a fifty-two week high of $114.53. The business has a fifty day simple moving average of $106.23 and a 200-day simple moving average of $93.42.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.74 by $0.81. The business had revenue of $993.00 million for the quarter, compared to analyst estimates of $959.32 million. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.15 EPS. On average, analysts forecast that Bread Financial Holdings, Inc. will post 12.12 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.23 per share. The ex-dividend date was Monday, August 31st. This represents a $0.92 dividend on an annualized basis and a yield of 0.8%. Bread Financial's payout ratio is presently 7.18%.

Trending Headlines about Bread Financial

Here are the key news stories impacting Bread Financial this week:

• Positive Sentiment: Bread Financial reported meaningful year-over-year improvement in its August credit metrics. The net principal loss rate declined to 6.40% from 7.57%, while the delinquency rate fell to 5.36% from 5.84%. Average credit card and other loans grew 5.6% to $18.59 billion, indicating both better credit performance and portfolio expansion. Bread Financial Provides Performance Update for August 2026
• Positive Sentiment: The company renewed its long-term credit card program agreement with Signet Jewelers, preserving a relationship with a major retail partner and supporting the durability of Bread Financial’s private-label and co-brand card business. Bread Financial and Signet Jewelers Renew Credit Card Program Agreement
• Positive Sentiment: Zacks added BFH to both its Rank #1 “Strong Buy” list and its best-value stocks list. That classification may reinforce investor interest in the shares, which trade at a relatively modest earnings multiple. New Strong Buy Stocks for September 15th
• Positive Sentiment: EVP Dennis James McCarthy purchased 16 shares at an average price of $108.14. Although the transaction is small relative to his existing holdings, insider buying can provide a modest confidence signal. SEC insider transaction filing
• Neutral Sentiment: Analyst commentary and management’s Barclays financial-services conference presentation put BFH back on investors’ radar, but the available reports do not identify a material estimate change or new guidance. Analyst Insights on Bread Financial
• Negative Sentiment: Industry data showing credit-card delinquencies and charge-offs ticking higher remains a risk for BFH. Even with the company’s improved August results, investors may remain concerned about consumer-credit deterioration, recessionary pressure and future loan-loss provisions. August Credit Pulse

Analyst Ratings Changes

BFH has been the topic of a number of recent analyst reports. Evercore reaffirmed an "outperform" rating and set a $116.00 price target on shares of Bread Financial in a research note on Monday, July 6th. TD Cowen raised their price objective on shares of Bread Financial from $103.00 to $114.00 and gave the company a "hold" rating in a research note on Friday, July 24th. The Goldman Sachs Group boosted their price objective on shares of Bread Financial from $94.00 to $108.00 and gave the stock a "neutral" rating in a report on Tuesday, July 7th. Barclays upped their target price on shares of Bread Financial from $104.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. Finally, Bank of America reiterated a "buy" rating and set a $108.00 price target on shares of Bread Financial in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Bread Financial currently has an average rating of "Moderate Buy" and a consensus price target of $112.29.

Insider Activity

In other news, Director Praniti Lakhwara sold 2,802 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total value of $297,348.24. Following the sale, the director directly owned 4,458 shares in the company, valued at $473,082.96. This represents a 38.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

About Bread Financial

Bread Financial Corporation NYSE: BFH is a financial services company that provides payment, lending and savings solutions for consumers and businesses. Its offerings include private-label and co-branded credit cards, installment loans, buy now, pay later financing and direct-to-consumer savings products.

The company works with retailers and brands to design and manage customized credit programs, including account servicing, underwriting, transaction processing and customer engagement services.

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