Trexquant Investment LP Purchases New Shares in Bread Financial Holdings, Inc. $BFH

Key Points

• Trexquant Investment LP has made a new investment of approximately $1.85 million in Bread Financial Holdings, acquiring 37,022 shares during the first quarter.
• Bread Financial reported earnings per share (EPS) of $3.14 for the last quarter, exceeding analysts' expectations, though the revenue was down 1.1% from the previous year.
• The company announced a quarterly dividend of $0.21 per share, reflecting a dividend yield of 1.3%, which will be issued to stockholders of record on August 8th.

Trexquant Investment LP bought a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,022 shares of the company's stock, valued at approximately $1,854,000. Trexquant Investment LP owned about 0.08% of Bread Financial as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Curat Global LLC purchased a new stake in Bread Financial during the first quarter valued at approximately $28,000. Versant Capital Management Inc lifted its position in Bread Financial by 182.8% during the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock valued at $65,000 after acquiring an additional 839 shares during the last quarter. GAMMA Investing LLC lifted its position in Bread Financial by 28.0% during the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after acquiring an additional 319 shares during the last quarter. QRG Capital Management Inc. lifted its position in Bread Financial by 10.2% during the first quarter. QRG Capital Management Inc. now owns 4,037 shares of the company's stock valued at $202,000 after acquiring an additional 373 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Bread Financial during the fourth quarter valued at approximately $214,000. Hedge funds and other institutional investors own 99.52% of the company's stock.

Bread Financial Stock Performance

Shares of Bread Financial stock traded down $0.01 during trading on Wednesday, hitting $64.21. 444,041 shares of the company's stock were exchanged, compared to its average volume of 471,262. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18. The business has a 50-day simple moving average of $61.95 and a 200-day simple moving average of $54.46. Bread Financial Holdings, Inc. has a 52-week low of $38.21 and a 52-week high of $68.01. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.58 and a beta of 1.46.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $944.69 million. During the same quarter last year, the company posted $2.66 earnings per share. 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. On average, research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial declared that its Board of Directors has initiated a stock buyback program on Wednesday, August 27th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Bread Financial Dividend Announcement

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 dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 8th. Bread Financial's dividend payout ratio (DPR) is 14.21%.

Insider Activity

In other Bread Financial news, Director John J. Fawcett bought 1,027 shares of Bread Financial stock in a transaction that occurred on Wednesday, July 30th. The stock was purchased at an average price of $61.79 per share, with a total value of $63,458.33. Following the completion of the acquisition, the director directly owned 10,302 shares in the company, valued at approximately $636,560.58. This trade represents a 11.07% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.85% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. BTIG Research set a $105.00 price target on shares of 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 price target (up previously from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Wall Street Zen cut shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada raised their price target on shares of Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Bread Financial has a consensus rating of "Hold" and a consensus target price of $64.91.

Bread Financial Company Profile

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.