Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares in Bread Financial Holdings, Inc. (NYSE:BFH)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment of $1.74 million in Bread Financial Holdings, Inc., purchasing 34,752 shares and acquiring a 0.07% stake in the company.
• Bread Financial reported earnings of $3.14 per share, exceeding analysts' expectations of $1.85, although revenue fell short of forecasts with $929 million compared to the projected $944.69 million.
• The company announced a quarterly dividend of $0.21, set to be paid on September 12, representing an annualized yield of 1.4% based on a payout ratio of 14.21%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 34,752 shares of the company's stock, valued at approximately $1,740,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Bread Financial at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Curat Global LLC purchased a new position in shares of Bread Financial in the 1st quarter valued at $28,000. Pinnacle Holdings LLC purchased a new position in shares of Bread Financial in the 4th quarter valued at $46,000. Versant Capital Management Inc grew its position in shares of Bread Financial by 182.8% in the 1st quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock valued at $65,000 after buying an additional 839 shares during the last quarter. GAMMA Investing LLC grew its position 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 buying an additional 319 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new position in shares of Bread Financial in the 4th quarter valued at $104,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BFH. Royal Bank Of Canada raised 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 from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Morgan Stanley raised their price objective on shares of Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Wall Street Zen raised shares of Bread Financial from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, BTIG Research set a $105.00 price objective on shares of Bread Financial and gave the stock a "buy" rating in a research report on Monday, July 14th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Bread Financial currently has an average rating of "Hold" and a consensus target price of $64.42.

Insider Activity at Bread Financial

In other news, Director John J. Fawcett purchased 1,027 shares of the stock in a transaction dated Wednesday, July 30th. The stock was acquired at an average cost of $61.79 per share, for a total transaction of $63,458.33. Following the completion of the acquisition, the director directly owned 10,302 shares in the company, valued at $636,560.58. This represents a 11.07% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is currently owned by company insiders.

Bread Financial Price Performance

BFH traded down $0.63 during midday trading on Tuesday, reaching $58.79. 168,039 shares of the company's stock were exchanged, compared to its average volume of 855,124. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $2.74 billion, a PE ratio of 9.95, a P/E/G ratio of 0.98 and a beta of 1.42. The business's 50-day moving average price is $56.91 and its 200 day moving average price is $54.34. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $1.29. The company had revenue of $929.00 million during the quarter, compared to analysts' expectations of $944.69 million. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.66 earnings per share. As a group, equities analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Dividend Announcement

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

Bread Financial 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.