Evolve Private Wealth LLC Acquires Shares of 9,419 Bread Financial Holdings, Inc. $BFH

Evolve Private Wealth LLC bought a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) during the 2nd quarter, Holdings Channel.com reports. The fund bought 9,419 shares of the company’s stock, valued at approximately $1,021,000.

A number of other large investors have also modified their holdings of the business. GAMMA Investing LLC grew its holdings in Bread Financial by 2.6% during the second quarter. GAMMA Investing LLC now owns 3,842 shares of the company’s stock worth $416,000 after acquiring an additional 99 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Bread Financial by 5.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,535 shares of the company’s stock worth $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 valued at $46,000 after buying an additional 227 shares in the last quarter. Vista Investment Management boosted its stake in shares of Bread Financial by 1.1% during the 4th quarter. Vista Investment Management now owns 22,858 shares of the company’s stock worth $1,692,000 after acquiring an additional 241 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of Bread Financial by 6.6% during the 4th quarter. Corient Private Wealth LLC now owns 4,206 shares of the company’s stock worth $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.

Insider Buying and Selling at Bread Financial

In other news, Director Praniti Lakhwara sold 2,802 shares of the business’s stock in a transaction dated 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 sale, the director owned 4,458 shares of the company’s stock, valued at approximately $473,082.96. The trade was a 38.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ralph J. Andretta sold 15,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $89.10, for a total transaction of $1,336,500.00. Following the completion of the sale, the chief executive officer owned 582,241 shares in the company, valued at approximately $51,877,673.10. This trade 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. Corporate insiders own 1.30% of the company’s stock.

Bread Financial Price Performance

Shares of NYSE BFH opened at $106.26 on Monday. Bread Financial Holdings, Inc. has a fifty-two week low of $53.83 and a fifty-two week high of $114.53. The business has a 50 day moving average price of $104.82 and a two-hundred day moving average price of $89.33. 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 firm has a market cap of $4.08 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 0.67 and a beta of 1.11.

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 analysts’ consensus estimates of $2.74 by $0.81. The company had revenue of $993.00 million for the quarter, compared to analyst estimates of $959.32 million. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.Bread Financial’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.15 EPS. Sell-side analysts expect that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on BFH shares. TD Cowen lifted their price objective on Bread Financial from $103.00 to $114.00 and gave the stock a “hold” rating in a report on Friday, July 24th. 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. Barclays increased their price objective on shares of Bread Financial from $104.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Wolfe Research restated a “positive” rating on shares of Bread Financial in a report on Wednesday, June 10th. Finally, BTIG Research lifted their target price on shares of Bread Financial from $105.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $110.58.

About Bread Financial

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.