Healthcare of Ontario Pension Plan Trust Fund Takes Position in Bread Financial Holdings, Inc. $BFH

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Bread Financial Holdings, Inc. (NYSE:BFH) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 39,672 shares of the company’s stock, valued at approximately $2,971,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new stake in Bread Financial during the 4th quarter worth approximately $28,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Bread Financial in the 4th quarter worth $29,000. Northwestern Mutual Wealth Management Co. increased its position in Bread Financial by 141.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock worth $31,000 after purchasing an additional 329 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Bread Financial by 127.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock valued at $41,000 after buying an additional 398 shares during the period. Finally, First Horizon Corp purchased a new stake in Bread Financial in the fourth quarter valued at $56,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Insider Buying and Selling at Bread Financial

In other news, Director Praniti Lakhwara sold 2,802 shares of Bread Financial stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total transaction of $297,348.24. Following the completion of the transaction, the director owned 4,458 shares of the company’s stock, valued at $473,082.96. The trade was a 38.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ralph J. Andretta sold 15,000 shares of Bread Financial stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $89.10, for a total transaction of $1,336,500.00. Following the transaction, the chief executive officer owned 582,241 shares of the company’s stock, valued at approximately $51,877,673.10. The trade was a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Bread Financial in a report on Wednesday, June 10th. Wall Street Zen upgraded Bread Financial from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. TD Cowen boosted their target price on shares of Bread Financial from $103.00 to $114.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Bank of America reiterated a “buy” rating and issued a $108.00 price target on shares of Bread Financial in a research note on Wednesday, June 10th. Finally, Wolfe Research reaffirmed a “positive” rating on shares of Bread Financial in a report on Wednesday, June 10th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $110.00.

Bread Financial Stock Performance

Shares of BFH opened at $110.97 on Friday. Bread Financial Holdings, Inc. has a 1 year low of $53.83 and a 1 year high of $111.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.15 and a current ratio of 1.17. The company’s fifty day moving average is $99.09 and its two-hundred day moving average is $84.98. The stock has a market capitalization of $4.26 billion, a P/E ratio of 8.66, a P/E/G ratio of 0.69 and a beta of 1.10.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.81. The firm had revenue of $992.00 million during the quarter, compared to the consensus estimate of $959.32 million. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.15 earnings per share. On average, sell-side analysts predict that Bread Financial Holdings, Inc. will post 11.82 earnings per share for the current year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, August 31st. Bread Financial’s dividend payout ratio (DPR) is currently 7.18%.

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.