Bread Financial Holdings, Inc. $BFH Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 240.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,689 shares of the company’s stock after purchasing an additional 110,616 shares during the quarter. Intech Investment Management LLC’s holdings in Bread Financial were worth $11,600,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC acquired a new position in Bread Financial during the 3rd quarter worth $1,620,000. Public Sector Pension Investment Board grew its stake in Bread Financial by 12.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 209,029 shares of the company’s stock worth $11,658,000 after purchasing an additional 22,745 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Bread Financial by 44.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 943,659 shares of the company’s stock worth $52,628,000 after purchasing an additional 290,803 shares in the last quarter. Brooktree Capital Management grew its stake in Bread Financial by 5.1% during the 3rd quarter. Brooktree Capital Management now owns 164,084 shares of the company’s stock worth $9,151,000 after purchasing an additional 8,002 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in Bread Financial during the 3rd quarter worth $14,090,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Roger H. Ballou sold 9,687 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $90.32, for a total value of $874,929.84. Following the completion of the sale, the director directly owned 30,079 shares of the company’s stock, valued at approximately $2,716,735.28. The trade was a 24.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John J. Fawcett bought 698 shares of Bread Financial stock in a transaction dated Thursday, May 21st. The stock was purchased at an average cost of $86.43 per share, with a total value of $60,328.14. Following the completion of the acquisition, the director directly owned 11,000 shares in the company, valued at approximately $950,730. The trade was a 6.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.30% of the stock is currently owned by insiders.

Bread Financial Stock Up 0.7%

Shares of NYSE BFH opened at $89.07 on Friday. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 7.30, a price-to-earnings-growth ratio of 0.83 and a beta of 1.12. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.15 and a quick ratio of 1.15. The business has a 50-day moving average of $82.85 and a two-hundred day moving average of $75.94. Bread Financial Holdings, Inc. has a 1 year low of $49.17 and a 1 year high of $99.13.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $4.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $1.18. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $992.05 million. During the same period in the previous year, the business earned $2.86 EPS. Bread Financial’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts forecast that Bread Financial Holdings, Inc. will post 10.59 earnings per share for the current fiscal year.

Bread Financial announced that its board has authorized a stock buyback plan on Thursday, February 26th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the company to repurchase up to 19% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Bread Financial’s payout ratio is presently 7.53%.

Wall Street Analysts Forecast Growth

BFH has been the subject of a number of recent analyst reports. Evercore reaffirmed an “outperform” rating and set a $99.00 price target on shares of Bread Financial in a report on Wednesday, April 29th. Barclays lifted their price target on Bread Financial from $67.00 to $70.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Zacks Research raised Bread Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Loop Capital initiated coverage on Bread Financial in a report on Thursday, May 21st. They set a “buy” rating and a $104.00 price target for the company. Finally, Weiss Ratings raised Bread Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.25.

About Bread Financial

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.