Walleye Capital LLC Buys Shares of 91,394 Bread Financial Holdings, Inc. $BFH

Walleye Capital LLC bought a new position in Bread Financial Holdings, Inc. (NYSE:BFH) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 91,394 shares of the company’s stock, valued at approximately $9,903,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BFH. GAMMA Investing LLC lifted its holdings in shares of Bread Financial by 2.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,842 shares of the company’s stock valued at $416,000 after buying an additional 99 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Bread Financial by 5.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,535 shares of the company’s stock valued at $262,000 after buying an additional 187 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Bread Financial by 58.7% in the first quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock worth $46,000 after buying an additional 227 shares during the last quarter. Vista Investment Management increased its holdings in Bread Financial by 1.1% in the fourth quarter. Vista Investment Management now owns 22,858 shares of the company’s stock worth $1,692,000 after buying an additional 241 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in Bread Financial by 6.6% during the fourth quarter. Corient Private Wealth LLC now owns 4,206 shares of the company’s stock valued at $311,000 after acquiring an additional 259 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Stock Up 1.4%

Shares of Bread Financial stock opened at $113.22 on Friday. The stock has a market capitalization of $4.35 billion, a P/E ratio of 8.83, a PEG ratio of 0.71 and a beta of 1.11. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average price of $103.72 and a two-hundred day moving average price of $87.90. Bread Financial Holdings, Inc. has a 12-month low of $53.83 and a 12-month high of $114.12.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, beating 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 company had revenue of $992.00 million for the quarter, compared to the consensus estimate of $959.32 million. During the same quarter last year, the company posted $3.15 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts expect that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Bread Financial’s dividend payout ratio is currently 7.18%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BFH. The Goldman Sachs Group lifted their target price 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. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Bread Financial in a report on Wednesday, June 10th. TD Cowen lifted their price objective on shares of Bread Financial from $103.00 to $114.00 and gave the company a “hold” rating in a research note on Friday, July 24th. Barclays upped their price objective on shares of Bread Financial from $104.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Finally, Wolfe Research reissued a “positive” rating on shares of Bread Financial in a research report on Wednesday, June 10th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $110.58.

Insider Activity at Bread Financial

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