Diversified Trust Co Purchases 8,375 Shares of Bread Financial Holdings, Inc. $BFH

Diversified Trust Co raised its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 215.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 12,265 shares of the company’s stock after purchasing an additional 8,375 shares during the period. Diversified Trust Co’s holdings in Bread Financial were worth $919,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of BFH. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Bread Financial by 38,301.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 215,815 shares of the company’s stock valued at $15,977,000 after purchasing an additional 215,253 shares during the period. Hudson Bay Capital Management LP bought a new stake in shares of Bread Financial during the 3rd quarter valued at about $14,090,000. UBS Group AG grew its stake in Bread Financial by 100.4% during the fourth quarter. UBS Group AG now owns 716,725 shares of the company’s stock worth $53,059,000 after purchasing an additional 359,088 shares during the period. Moran Wealth Management LLC acquired a new stake in Bread Financial during the fourth quarter worth approximately $2,824,000. Finally, SG Americas Securities LLC increased its holdings in Bread Financial by 101.9% in the fourth quarter. SG Americas Securities LLC now owns 35,027 shares of the company’s stock worth $2,593,000 after purchasing an additional 17,680 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Bread Financial Stock Performance

NYSE BFH opened at $104.97 on Thursday. The company has a market cap of $4.24 billion, a P/E ratio of 8.60, a PEG ratio of 0.94 and a beta of 1.12. The company has a fifty day simple moving average of $90.95 and a 200 day simple moving average of $80.14. The company has a current ratio of 1.15, a quick ratio of 1.15 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 $105.70.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, April 23rd. The company reported $4.18 earnings per share for the quarter, topping the consensus estimate of $3.00 by $1.18. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $992.05 million. Bread Financial had a net margin of 11.90% and a return on equity of 18.79%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.86 earnings per share. Sell-side analysts predict that Bread Financial Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Bread Financial announced that its Board of Directors has approved a stock buyback plan on Thursday, February 26th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the company to buy up to 19% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Bread Financial Announces Dividend

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

Insiders Place Their Bets

In other Bread Financial news, Director Roger H. Ballou sold 9,687 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $90.32, for a total transaction of $874,929.84. Following the transaction, the director directly owned 30,079 shares in the company, valued at approximately $2,716,735.28. This trade represents a 24.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John J. Fawcett acquired 698 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were bought at an average price of $86.43 per share, for a total transaction of $60,328.14. Following the completion of the purchase, the director owned 11,000 shares in the company, valued at approximately $950,730. This represents a 6.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays increased their price target on Bread Financial from $67.00 to $70.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Bread Financial in a research note on Wednesday, June 10th. Weiss Ratings upgraded shares of Bread Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Wall Street Zen raised shares of Bread Financial from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Zacks Research upgraded shares of Bread Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.42.

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.