461,938 Shares in Bread Financial Holdings, Inc. $BFH Purchased by Empowered Funds LLC

Empowered Funds LLC acquired a new position in Bread Financial Holdings, Inc. (NYSE:BFH) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 461,938 shares of the company’s stock, valued at approximately $50,051,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Bread Financial during the second quarter valued at approximately $30,000. Kemnay Advisory Services Inc. bought a new position in Bread Financial during the 4th quarter valued at approximately $28,000. Cullen Frost Bankers Inc. bought a new position in Bread Financial during the 4th quarter valued at approximately $29,000. Pacer Advisors Inc. raised its stake in Bread Financial by 58.7% during 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 last quarter. Finally, Allworth Financial LP bought a new stake in Bread Financial in the second quarter worth $74,000. Institutional investors own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

BFH has been the subject of several analyst reports. Evercore restated an “outperform” rating and set a $116.00 price target on shares of Bread Financial in a report on Monday, July 6th. UBS Group increased their price objective on shares of Bread Financial from $120.00 to $127.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. BTIG Research raised their price objective on shares of Bread Financial from $105.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Morgan Stanley set a $107.00 target price on shares of Bread Financial in a report on Friday, July 24th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Bread Financial in a research note on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $112.08.

Bread Financial Trading Up 0.5%

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

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.81. The business had revenue of $993.00 million during 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 revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.15 EPS. On average, sell-side analysts predict that Bread Financial Holdings, Inc. will post 12.1 EPS for the current year.

Bread Financial Announces Dividend

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

Insiders Place Their Bets

In related news, Director Praniti Lakhwara sold 2,802 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total value of $297,348.24. Following the sale, the director 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.

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.