Sierra Summit Advisors LLC Takes $874,000 Position in Bread Financial Holdings, Inc. $BFH

Sierra Summit Advisors LLC purchased a new position in Bread Financial Holdings, Inc. (NYSE:BFH) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,666 shares of the company’s stock, valued at approximately $874,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Bread Financial by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,589 shares of the company’s stock valued at $1,482,000 after buying an additional 1,286 shares during the period. Millennium Management LLC lifted its holdings in Bread Financial by 46.5% during the first quarter. Millennium Management LLC now owns 345,902 shares of the company’s stock worth $17,323,000 after buying an additional 109,864 shares during the period. Goldman Sachs Group Inc. lifted 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 worth $36,889,000 after buying an additional 376,920 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Bread Financial by 3.0% during the 1st 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 acquiring an additional 4,624 shares in the last quarter. Finally, Strs Ohio bought a new stake in Bread Financial during the 1st quarter valued at $65,000. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Stock Performance

Shares of BFH stock opened at $102.10 on Friday. Bread Financial Holdings, Inc. has a 12-month low of $53.83 and a 12-month high of $109.91. The business’s fifty day simple moving average is $93.37 and its 200-day simple moving average is $81.66. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.25. The company has a market cap of $4.13 billion, a PE ratio of 8.36, a PEG ratio of 0.90 and a beta of 1.10.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $4.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $1.18. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $992.05 million. During the same quarter last year, the firm earned $2.86 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that Bread Financial Holdings, Inc. will post 10.92 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.23 dividend. 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 dividend payout ratio (DPR) is 7.53%.

Insiders Place Their Bets

In other news, Director Roger H. Ballou sold 9,687 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $90.32, for a total transaction of $874,929.84. Following the transaction, the director owned 30,079 shares in the company, valued at $2,716,735.28. This represents a 24.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John J. Fawcett acquired 698 shares of the business’s stock in a transaction dated 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 acquisition, the director owned 11,000 shares of the company’s stock, valued at approximately $950,730. This represents a 6.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BFH shares. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Bread Financial in a research report on Wednesday, June 10th. Zacks Research raised Bread Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Weiss Ratings upgraded Bread Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Barclays boosted their target price on shares of Bread Financial from $67.00 to $70.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Finally, Bank of America reissued a “buy” rating and set a $108.00 price target on shares of Bread Financial in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.67.

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.