Bread Financial Holdings, Inc. $BFH Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 66.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 28,170 shares of the company’s stock after buying an additional 11,292 shares during the period. Quantinno Capital Management LP’s holdings in Bread Financial were worth $2,110,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp increased its position in Bread Financial by 5,814.5% in the 1st quarter. Fifth Third Bancorp now owns 17,566 shares of the company’s stock valued at $1,315,000 after acquiring an additional 17,269 shares during the period. UBS Group AG lifted its position in Bread Financial by 100.4% during the 4th quarter. UBS Group AG now owns 716,725 shares of the company’s stock worth $53,059,000 after acquiring an additional 359,088 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Bread Financial by 38,301.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 215,815 shares of the company’s stock worth $15,977,000 after acquiring an additional 215,253 shares during the period. Intech Investment Management LLC grew its stake in shares of Bread Financial by 240.1% in the 4th quarter. Intech Investment Management LLC now owns 156,689 shares of the company’s stock valued at $11,600,000 after purchasing an additional 110,616 shares during the last quarter. Finally, Moran Wealth Management LLC purchased a new position in shares of Bread Financial in the 4th quarter valued at approximately $2,824,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Price Performance

Shares of NYSE BFH opened at $107.95 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.17. Bread Financial Holdings, Inc. has a one year low of $53.83 and a one year high of $114.12. The firm has a market capitalization of $4.15 billion, a P/E ratio of 8.42, a PEG ratio of 0.69 and a beta of 1.11. The company’s fifty day moving average is $102.10 and its two-hundred day moving average is $86.88.

Bread Financial (NYSE:BFH) last announced its quarterly 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. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The business had revenue of $992.00 million during the quarter, compared to the consensus estimate of $959.32 million. During the same quarter last year, the firm posted $3.15 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. Analysts forecast that Bread Financial Holdings, Inc. will post 12.1 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 dividend on an annualized basis and a yield of 0.9%. Bread Financial’s dividend payout ratio (DPR) is 7.18%.

Analyst Upgrades and Downgrades

BFH has been the subject of several analyst reports. TD Cowen upped their price target on Bread Financial from $103.00 to $114.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Wall Street Zen upgraded shares of Bread Financial from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Zacks Research cut shares of Bread Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. 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 objective for the company. Finally, Evercore restated an “outperform” rating and issued a $116.00 target price on shares of Bread Financial in a research note on Monday, July 6th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $110.58.

Insider Activity

In related news, Director John J. Fawcett purchased 698 shares of Bread Financial stock in a transaction dated Thursday, May 21st. The stock was bought at an average cost of $86.43 per share, for a total transaction of $60,328.14. Following the transaction, the director owned 11,000 shares in the company, valued at approximately $950,730. The trade was a 6.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Praniti Lakhwara sold 2,802 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total value of $297,348.24. Following the sale, the director directly owned 4,458 shares in the company, valued at $473,082.96. This trade represents a 38.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.30% of the company’s stock.

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.