Jefferies Financial Group Inc. Makes New $10.57 Million Investment in Bread Financial Holdings, Inc. $BFH

Jefferies Financial Group Inc. purchased a new stake in Bread Financial Holdings, Inc. (NYSE:BFH) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 97,546 shares of the company’s stock, valued at approximately $10,569,000. Jefferies Financial Group Inc. owned about 0.25% of Bread Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Kemnay Advisory Services Inc. acquired a new position in Bread Financial in the fourth quarter valued at $28,000. Cullen Frost Bankers Inc. acquired a new position in shares of Bread Financial in the 4th quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Bread Financial during the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC increased its position in Bread Financial by 127.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock worth $41,000 after purchasing an additional 398 shares in the last quarter. Finally, Pacer Advisors Inc. raised 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 during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bread Financial

In related news, Director Praniti Lakhwara sold 2,802 shares of Bread Financial stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total value of $297,348.24. Following the completion of the transaction, the director directly owned 4,458 shares in the company, valued at approximately $473,082.96. This trade represents a 38.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BFH shares. UBS Group boosted their price objective on shares of Bread Financial from $120.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Bank of America reaffirmed a “buy” rating and set a $108.00 price target on shares of Bread Financial in a research report on Wednesday, June 10th. Weiss Ratings restated a “buy (b)” rating on shares of Bread Financial in a research note on Friday, July 24th. Loop Capital assumed coverage on Bread Financial in a research report on Thursday, May 21st. They issued a “buy” rating and a $104.00 target price for the company. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Bread Financial in a report on Wednesday, June 10th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Bread Financial presently has a consensus rating of “Hold” and an average target price of $112.08.

Bread Financial Trading Up 0.5%

BFH opened at $108.14 on Friday. Bread Financial Holdings, Inc. has a 12-month low of $53.83 and a 12-month high of $114.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $4.15 billion, a PE ratio of 8.44, a P/E/G ratio of 0.68 and a beta of 1.11. The firm’s fifty day moving average price is $105.24 and its 200 day moving average price is $90.17.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.81. The company had revenue of $993.00 million during the quarter, compared to analyst estimates of $959.32 million. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $3.15 EPS. As a group, research analysts expect that Bread Financial Holdings, Inc. will post 12.1 EPS for the current fiscal year.

Bread Financial Announces Dividend

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

Bread Financial 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.