Bread Financial Holdings, Inc. $BFH is Curat Global LLC’s Largest Position

Curat Global LLC grew its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 81,068.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 450,485 shares of the company’s stock after buying an additional 449,930 shares during the period. Bread Financial makes up 24.3% of Curat Global LLC’s investment portfolio, making the stock its largest position. Curat Global LLC’s holdings in Bread Financial were worth $25,732,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP raised its holdings in shares of Bread Financial by 947.5% in the first quarter. Quarry LP now owns 639 shares of the company’s stock worth $32,000 after buying an additional 578 shares during the last quarter. Strs Ohio purchased a new position in shares of Bread Financial in the first quarter worth $65,000. GAMMA Investing LLC increased its stake in shares of Bread Financial by 28.0% in the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company’s stock worth $73,000 after acquiring an additional 319 shares during the period. State of Wyoming purchased a new position in shares of Bread Financial during the first quarter worth $92,000. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Bread Financial during the second quarter worth $166,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

BFH has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Bread Financial from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday. 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. Morgan Stanley set a $55.00 target price on shares of Bread Financial and gave the stock an “underweight” rating in a report on Friday. 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, The Goldman Sachs Group raised their target price on shares of Bread Financial from $60.00 to $68.00 and gave the stock a “sell” rating in a report on Friday. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Bread Financial presently has an average rating of “Hold” and an average price target of $69.27.

Insider Activity

In related news, Director John J. Fawcett bought 1,027 shares of the company’s stock in a transaction dated Wednesday, July 30th. The shares were acquired at an average price of $61.79 per share, for a total transaction of $63,458.33. Following the completion of the transaction, the director directly owned 10,302 shares in the company, valued at $636,560.58. This trade represents a 11.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is currently owned by company insiders.

Bread Financial Stock Up 0.1%

Shares of NYSE BFH opened at $65.54 on Monday. The company’s 50-day simple moving average is $61.16 and its 200-day simple moving average is $56.81. Bread Financial Holdings, Inc. has a 52-week low of $38.21 and a 52-week high of $68.01. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 6.67, a price-to-earnings-growth ratio of 0.55 and a beta of 1.41. The company has a quick ratio of 1.18, a current ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, October 23rd. The company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $1.91. Bread Financial had a net margin of 10.08% and a return on equity of 15.97%. The business had revenue of $971.00 million for the quarter, compared to analyst estimates of $974.30 million. During the same quarter last year, the business earned $1.83 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Bread Financial has set its FY 2025 guidance at EPS. Equities analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 7th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.4%. This is a positive change from Bread Financial’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, November 7th. Bread Financial’s dividend payout ratio (DPR) is 8.55%.

Bread Financial announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 27th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.