Pallas Capital Advisors LLC Buys Shares of 5,040 Bread Financial Holdings, Inc. $BFH

Pallas Capital Advisors LLC bought a new position in Bread Financial Holdings, Inc. (NYSE:BFH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,040 shares of the company’s stock, valued at approximately $546,000.

A number of other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Bread Financial by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,589 shares of the company’s stock worth $1,482,000 after purchasing an additional 1,286 shares during the period. Millennium Management LLC grew its position in Bread Financial by 46.5% during the first quarter. Millennium Management LLC now owns 345,902 shares of the company’s stock valued at $17,323,000 after buying an additional 109,864 shares during the period. Goldman Sachs Group Inc. increased its holdings in Bread Financial by 104.8% during the first quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock valued at $36,889,000 after buying an additional 376,920 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Bread Financial by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,833 shares of the company’s stock valued at $7,904,000 after buying an additional 4,624 shares during the last quarter. Finally, Strs Ohio bought a new position in Bread Financial in the first quarter worth approximately $65,000. 99.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. TD Cowen lifted their price target on shares of Bread Financial from $103.00 to $114.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Wolfe Research reiterated a “positive” rating on shares of Bread Financial in a research report on Wednesday, June 10th. Seaport Research Partners reiterated a “buy” rating and set a $119.00 target price on shares of Bread Financial in a research report on Monday, July 27th. Bank of America reissued a “buy” rating and set a $108.00 price target on shares of Bread Financial in a report on Wednesday, June 10th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $115.00 price target on shares of Bread Financial in a research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Bread Financial presently has a consensus rating of “Hold” and a consensus price target of $110.58.

Bread Financial Stock Down 2.3%

BFH opened at $108.53 on Thursday. The company has a market capitalization of $4.17 billion, a PE ratio of 8.47, a price-to-earnings-growth ratio of 0.70 and a beta of 1.11. The firm has a 50-day simple moving average of $104.70 and a two-hundred day simple moving average of $88.88. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.25. Bread Financial Holdings, Inc. has a 52 week low of $53.83 and a 52 week 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.81. The business had revenue of $993.00 million for the quarter, compared to the consensus estimate of $959.32 million. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.15 EPS. Analysts forecast that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm 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. The ex-dividend date is Monday, August 31st. This represents a $0.92 annualized dividend and a yield of 0.8%. Bread Financial’s dividend payout ratio (DPR) is 7.18%.

Insider Buying and Selling at Bread Financial

In other news, Director Praniti Lakhwara sold 2,802 shares of the company’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 sale, the director directly owned 4,458 shares in the company, valued at approximately $473,082.96. This represents a 38.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ralph J. Andretta sold 15,000 shares of Bread Financial stock in a transaction dated 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 completion of the transaction, the chief executive officer 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is 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.