Bread Financial Holdings, Inc. $BFH Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. raised its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 43.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,078 shares of the company’s stock after purchasing an additional 21,471 shares during the quarter. Bessemer Group Inc.’s holdings in Bread Financial were worth $5,323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Millennium Management LLC grew its holdings in shares of Bread Financial by 223.4% during the fourth quarter. Millennium Management LLC now owns 665,812 shares of the company’s stock valued at $49,290,000 after buying an additional 459,916 shares during the last quarter. Bank of America Corp DE raised its stake in Bread Financial by 241.1% in the 2nd quarter. Bank of America Corp DE now owns 537,656 shares of the company’s stock worth $30,711,000 after acquiring an additional 380,039 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Bread Financial by 104.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock worth $36,889,000 after acquiring an additional 376,920 shares during the last quarter. UBS Group AG lifted its position in Bread Financial by 100.4% during the 4th quarter. UBS Group AG now owns 716,725 shares of the company’s stock worth $53,059,000 after acquiring an additional 359,088 shares during the period. Finally, SG Americas Securities LLC lifted its position in Bread Financial by 899.4% during the 1st quarter. SG Americas Securities LLC now owns 350,061 shares of the company’s stock worth $26,216,000 after acquiring an additional 315,034 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on BFH shares. Loop Capital began coverage on Bread Financial in a research note on Thursday, May 21st. They set a “buy” rating and a $104.00 price target on the stock. Zacks Research cut Bread Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Wolfe Research reaffirmed a “positive” rating on shares of Bread Financial in a report on Wednesday, June 10th. Royal Bank Of Canada upped their target price on Bread Financial from $105.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, June 12th. Finally, Weiss Ratings upgraded shares of Bread Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Bread Financial has a consensus rating of “Hold” and a consensus target price of $108.25.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, CEO Ralph J. Andretta sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $89.10, for a total value of $1,336,500.00. Following the sale, the chief executive officer owned 582,241 shares in the company, valued at approximately $51,877,673.10. This represents a 2.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John J. Fawcett acquired 698 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of $86.43 per share, for a total transaction of $60,328.14. Following the purchase, the director directly owned 11,000 shares in the company, valued at approximately $950,730. This trade represents a 6.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.30% of the stock is currently owned by corporate insiders.

Bread Financial Stock Performance

NYSE BFH opened at $99.55 on Tuesday. The stock has a 50-day simple moving average of $95.95 and a two-hundred day simple moving average of $83.42. The firm has a market capitalization of $4.02 billion, a P/E ratio of 8.15, a PEG ratio of 0.88 and a beta of 1.10. Bread Financial Holdings, Inc. has a fifty-two week low of $53.83 and a fifty-two week high of $109.91. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.15 and a current ratio of 1.15.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $4.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $1.18. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $992.05 million. During the same quarter in the previous year, the firm posted $2.86 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts forecast that Bread Financial Holdings, Inc. will post 10.98 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, May 29th. Bread Financial’s dividend payout ratio (DPR) is currently 7.53%.

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.