Victory Capital Management Inc. Purchases 27,919 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Key Points

• Victory Capital Management Inc. increased its holdings in Bread Financial Holdings, Inc. by 42.8%, owning 93,207 shares worth approximately $4.67 million as of the end of the first quarter.
• Multiple institutional investors have significantly increased their stakes in Bread Financial, with 99.52% of the company's stock now owned by such investors.
• Bread Financial reported an earnings per share of $3.14 for the last quarter, exceeding estimates by $1.29, although its revenue showed a slight decline of 1.1% year-over-year.

Victory Capital Management Inc. boosted its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 42.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,207 shares of the company's stock after purchasing an additional 27,919 shares during the period. Victory Capital Management Inc. owned 0.19% of Bread Financial worth $4,668,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BFH. Curat Global LLC bought a new stake in shares of Bread Financial in the 1st quarter valued at about $28,000. Pinnacle Holdings LLC bought a new stake in Bread Financial during the fourth quarter valued at $46,000. Versant Capital Management Inc lifted its stake 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 purchasing an additional 839 shares during the period. GAMMA Investing LLC grew its position in shares of Bread Financial by 28.0% during the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock worth $73,000 after buying an additional 319 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Bread Financial in the fourth quarter worth $200,000. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Trading Down 1.6%

NYSE BFH traded down $0.99 during trading on Wednesday, hitting $61.79. The company had a trading volume of 842,761 shares, compared to its average volume of 663,003. The company's fifty day moving average is $56.57 and its 200-day moving average is $54.41. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 1.07 and a beta of 1.38. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. Bread Financial Holdings, Inc. has a one year low of $38.21 and a one year high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $1.29. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%. The firm had revenue of $929.00 million for the quarter, compared to the consensus estimate of $944.69 million. During the same quarter in the prior year, the business earned $2.66 EPS. The business's revenue for the quarter was down 1.1% on a year-over-year basis. On average, sell-side analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.36%. Bread Financial's dividend payout ratio (DPR) is currently 14.21%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BFH shares. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a research report on Monday, April 28th. Royal Bank Of Canada boosted their price objective on Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. BTIG Research set a $105.00 target price on Bread Financial and gave the stock a "buy" rating in a research note on Monday, July 14th. Morgan Stanley boosted their price objective on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. Finally, Wall Street Zen upgraded Bread Financial from a "hold" rating to a "strong-buy" rating in a research report on Saturday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $64.42.

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.