14,700 Shares in Bread Financial Holdings, Inc. $BFH Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Bread Financial Holdings, Inc. (NYSE:BFH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,700 shares of the company’s stock, valued at approximately $1,593,000.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Bread Financial during the second quarter worth $421,314,000. Hsbc Holdings PLC purchased a new stake in Bread Financial during the 2nd quarter worth about $98,764,000. Bank of America Corp DE purchased a new stake in Bread Financial during the 2nd quarter worth about $65,806,000. Empowered Funds LLC bought a new position in Bread Financial in the 2nd quarter worth about $50,051,000. Finally, Millennium Management LLC grew its holdings in Bread Financial by 223.4% during the 4th 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 in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Stock Down 2.1%

BFH stock opened at $105.75 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $105.31 and its 200 day moving average is $90.28. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 0.68 and a beta of 1.11. Bread Financial Holdings, Inc. has a 1-year low of $53.83 and a 1-year high of $114.53.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The business had revenue of $993.00 million during the quarter, compared to analyst estimates of $959.32 million. During the same period in the previous year, the business posted $3.15 earnings per share. Bread Financial’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts predict that Bread Financial Holdings, Inc. will post 12.1 EPS for the current fiscal year.

Bread Financial Dividend Announcement

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

Insider Activity

In related news, Director Praniti Lakhwara sold 2,802 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total value of $297,348.24. Following the completion of the transaction, the director directly owned 4,458 shares in the company, valued at approximately $473,082.96. The trade was a 38.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

BFH has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of Bread Financial from $120.00 to $127.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Bread Financial in a report on Wednesday, June 10th. BTIG Research raised their price target on shares of Bread Financial from $105.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Loop Capital began coverage on shares of Bread Financial in a research report on Thursday, May 21st. They set a “buy” rating and a $104.00 price target for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bread Financial in a report on Friday, July 24th. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Bread Financial currently has an average rating of “Hold” and a consensus price target of $112.08.

Bread Financial 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.