Voya Investment Management LLC Has $1.15 Million Stock Holdings in Bread Financial Holdings, Inc. $BFH

Voya Investment Management LLC cut its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 80.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,029 shares of the company's stock after selling 95,691 shares during the period. Voya Investment Management LLC's holdings in Bread Financial were worth $1,153,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Curat Global LLC acquired a new position in shares of Bread Financial during the 1st quarter worth about $28,000. Quarry LP boosted its holdings in shares of Bread Financial by 947.5% during the 1st quarter. Quarry LP now owns 639 shares of the company's stock worth $32,000 after buying an additional 578 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Bread Financial by 182.8% during the 1st quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock worth $65,000 after buying an additional 839 shares during the period. Strs Ohio bought a new stake in shares of Bread Financial during the 1st quarter worth about $65,000. Finally, GAMMA Investing LLC boosted its holdings 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. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Trading Down 2.5%

Shares of NYSE BFH opened at $61.05 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18. Bread Financial Holdings, Inc. has a 52-week low of $38.21 and a 52-week high of $68.01. The firm has a 50 day moving average price of $62.35 and a two-hundred day moving average price of $55.15. The stock has a market cap of $2.85 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 0.57 and a beta of 1.46.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company posted $2.66 EPS. The company's revenue was down 1.1% on a year-over-year basis. Bread Financial has set its FY 2025 guidance at EPS. As a group, equities 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 plan on Wednesday, August 27th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 8th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, August 8th. Bread Financial's dividend payout ratio is 14.21%.

Insider Transactions at Bread Financial

In other Bread Financial news, Director John J. Fawcett purchased 1,027 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was purchased at an average cost of $61.79 per share, for a total transaction of $63,458.33. Following the transaction, the director owned 10,302 shares in the company, valued at $636,560.58. The trade was a 11.07% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.62% of the company's stock.

Wall Street Analyst Weigh In

BFH has been the subject of several research analyst reports. Royal Bank Of Canada lifted their target price 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. Wall Street Zen downgraded shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. BTIG Research set a $105.00 target price on shares of Bread Financial and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Barclays reaffirmed an "underweight" rating and set a $52.00 price target (up previously from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.

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