Vista Investment Management Buys New Shares in Bread Financial Holdings, Inc. $BFH

Vista Investment Management purchased a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) during the second quarter, Holdings Channel reports. The firm purchased 23,174 shares of the company’s stock, valued at approximately $2,511,000.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Bread Financial during the second quarter worth about $421,314,000. Dimensional Fund Advisors LP increased its position in shares of Bread Financial by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,086,060 shares of the company’s stock valued at $231,111,000 after purchasing an additional 9,854 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Bread Financial by 17.3% during the 4th quarter. Franklin Resources Inc. now owns 2,029,894 shares of the company’s stock valued at $150,273,000 after buying an additional 299,439 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Bread Financial by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,159,731 shares of the company’s stock valued at $85,866,000 after buying an additional 14,257 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Bread Financial by 21.6% during the 4th quarter. Allianz Asset Management GmbH now owns 1,147,366 shares of the company’s stock valued at $84,940,000 after buying an additional 203,707 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Performance

Shares of NYSE:BFH opened at $106.26 on Friday. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 0.67 and a beta of 1.11. The company has a 50-day moving average price of $104.82 and a 200-day moving average price of $89.21. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Bread Financial Holdings, Inc. has a 12 month low of $53.83 and a 12 month high of $114.53.

Bread Financial (NYSE:BFH) last released its quarterly earnings data 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 return on equity of 18.42% and a net margin of 11.95%.The business had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $959.32 million. During the same quarter last year, the business posted $3.15 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts anticipate that Bread Financial Holdings, Inc. will post 12.1 EPS for the current year.

Bread Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays upped their target price on Bread Financial from $104.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. BTIG Research lifted their price target on shares of Bread Financial from $105.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Zacks Research lowered shares of Bread Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. The Goldman Sachs Group upped their price objective on shares of Bread Financial from $94.00 to $108.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Finally, Loop Capital began coverage on shares of Bread Financial in a report on Thursday, May 21st. They set a “buy” rating and a $104.00 target price on the stock. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $110.58.

Insider Buying and Selling at Bread Financial

In other news, CEO Ralph J. Andretta sold 15,000 shares of Bread Financial stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $89.10, for a total transaction of $1,336,500.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Praniti Lakhwara sold 2,802 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total transaction of $297,348.24. Following the transaction, the director owned 4,458 shares in the company, valued at $473,082.96. This represents a 38.60% decrease in their position. The SEC filing for this sale provides additional information. 1.30% of the stock is currently owned by corporate insiders.

Bread Financial Company Profile

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.