Bread Financial Holdings, Inc. $BFH Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management grew its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 123.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,704 shares of the company’s stock after acquiring an additional 19,196 shares during the period. Ritholtz Wealth Management’s holdings in Bread Financial were worth $2,599,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BFH. Hudson Bay Capital Management LP purchased a new stake in Bread Financial in the third quarter valued at $14,090,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Bread Financial by 38,301.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 215,815 shares of the company’s stock valued at $15,977,000 after buying an additional 215,253 shares during the period. UBS Group AG boosted its stake in shares of Bread Financial by 100.4% in the fourth quarter. UBS Group AG now owns 716,725 shares of the company’s stock worth $53,059,000 after buying an additional 359,088 shares during the last quarter. Moran Wealth Management LLC acquired a new stake in Bread Financial during the fourth quarter worth about $2,824,000. Finally, SG Americas Securities LLC raised its position in Bread Financial by 101.9% during the fourth quarter. SG Americas Securities LLC now owns 35,027 shares of the company’s stock valued at $2,593,000 after acquiring an additional 17,680 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Insider Buying and Selling at Bread Financial

In other news, Director Roger H. Ballou sold 9,687 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $90.32, for a total value of $874,929.84. Following the transaction, the director directly owned 30,079 shares of the company’s stock, valued at approximately $2,716,735.28. This trade represents a 24.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John J. Fawcett purchased 698 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average price of $86.43 per share, for a total transaction of $60,328.14. Following the completion of the transaction, the director directly owned 11,000 shares of the company’s stock, valued at $950,730. The trade was a 6.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.30% of the stock is currently owned by insiders.

Bread Financial Stock Up 0.9%

BFH stock opened at $105.90 on Friday. Bread Financial Holdings, Inc. has a 52 week low of $53.83 and a 52 week high of $107.75. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.25. The firm has a 50-day simple moving average of $91.85 and a 200-day simple moving average of $80.55. The stock has a market capitalization of $4.28 billion, a P/E ratio of 8.67, a P/E/G ratio of 0.95 and a beta of 1.12.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $4.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $1.18. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $992.05 million. During the same period in the previous year, the firm posted $2.86 EPS. Bread Financial’s revenue was up 4.9% compared to the same quarter last year. Equities analysts forecast that Bread Financial Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. Bread Financial’s dividend payout ratio is currently 7.53%.

Analysts Set New Price Targets

BFH has been the topic of a number of analyst reports. Royal Bank Of Canada raised their price objective on shares of Bread Financial from $105.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Friday, June 12th. Wall Street Zen upgraded shares of Bread Financial from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Bank of America reiterated a “buy” rating and issued a $108.00 price objective on shares of Bread Financial in a research report on Wednesday, June 10th. TD Cowen raised their target price on Bread Financial from $80.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Finally, Zacks Research upgraded Bread Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Bread Financial currently has an average rating of “Moderate Buy” and a consensus price target of $96.42.

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.