Martingale Asset Management L P Boosts Position in Bread Financial Holdings, Inc. $BFH

Martingale Asset Management L P raised its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 9.0% in the first quarter, Holdings Channel reports. The institutional investor owned 35,033 shares of the company’s stock after buying an additional 2,903 shares during the quarter. Martingale Asset Management L P’s holdings in Bread Financial were worth $1,754,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Curat Global LLC purchased a new position in Bread Financial during the 1st quarter valued at about $28,000. Versant Capital Management Inc grew its holdings in Bread Financial by 182.8% during the 1st quarter. Versant Capital Management Inc now owns 1,298 shares of the company’s stock valued at $65,000 after buying an additional 839 shares in the last quarter. GAMMA Investing LLC grew its holdings in Bread Financial by 28.0% during the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company’s stock valued at $73,000 after buying an additional 319 shares in the last quarter. Marshall Wace LLP purchased a new position in Bread Financial during the 4th quarter valued at about $200,000. Finally, Cetera Investment Advisers purchased a new position in Bread Financial during the 4th quarter valued at about $214,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

BFH has been the subject of a number of recent analyst reports. Barclays reaffirmed an “underweight” rating and set a $52.00 target price (up previously from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Royal Bank Of Canada lifted their target price on Bread Financial from $65.00 to $74.00 and gave the company a “sector perform” rating in a report on Friday, July 25th. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research report on Monday, April 28th. BTIG Research set a $105.00 price target on Bread Financial and gave the company a “buy” rating in a research report on Monday, July 14th. Finally, Wall Street Zen downgraded Bread Financial from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $64.91.

Insiders Place Their Bets

In other news, Director John J. Fawcett bought 1,027 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The stock was bought at an average price of $61.79 per share, for a total transaction of $63,458.33. Following the transaction, the director directly owned 10,302 shares of the company’s stock, valued at $636,560.58. This represents a 11.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.85% of the stock is owned by insiders.

Bread Financial Stock Performance

NYSE:BFH opened at $62.4320 on Friday. The business has a 50 day moving average of $59.33 and a 200 day moving average of $54.10. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.94 and a beta of 1.42. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $66.71. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 1.18.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $1.29. The company had revenue of $929.00 million during the quarter, compared to the consensus estimate of $944.69 million. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.Bread Financial’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.66 EPS. Bread Financial has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be given a $0.21 dividend. The ex-dividend date is Friday, August 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.3%. Bread Financial’s payout ratio is presently 14.21%.

About Bread Financial

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.