Canada Pension Plan Investment Board Acquires Shares of 10,300 Bread Financial Holdings, Inc. $BFH

Canada Pension Plan Investment Board acquired a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 10,300 shares of the company’s stock, valued at approximately $1,116,000.

Other institutional investors also recently modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new stake in Bread Financial in the 4th quarter valued at $28,000. Cullen Frost Bankers Inc. acquired a new position in Bread Financial during the fourth quarter worth $29,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Bread Financial in the second quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of Bread Financial by 127.2% in the second quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock valued at $41,000 after buying an additional 398 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Bread Financial by 58.7% during the first quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock valued at $46,000 after buying an additional 227 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Stock Performance

Shares of BFH stock opened at $104.15 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50-day moving average of $105.31 and a 200-day moving average of $90.56. Bread Financial Holdings, Inc. has a one year low of $53.83 and a one year high of $114.53. The company has a market cap of $4.00 billion, a P/E ratio of 8.12, a P/E/G ratio of 0.67 and a beta of 1.11.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The business had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $959.32 million. During the same period in the previous year, the company earned $3.15 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts forecast that Bread Financial Holdings, Inc. will post 12.1 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, August 31st. Bread Financial’s payout ratio is presently 7.18%.

Insider Activity

In other news, Director Praniti Lakhwara sold 2,802 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total value of $297,348.24. Following the completion of the transaction, the director directly owned 4,458 shares of the company’s stock, valued at $473,082.96. This represents a 38.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BFH. Morgan Stanley set a $107.00 target price on shares of Bread Financial in a report on Friday, July 24th. Evercore reiterated an “outperform” rating and set a $116.00 price target on shares of Bread Financial in a research note on Monday, July 6th. Barclays boosted their price objective on Bread Financial from $104.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Bread Financial in a report on Wednesday, June 10th. Finally, Wolfe Research raised Bread Financial from a “peer perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research report on Tuesday, August 25th. Eight research 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $112.08.

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.