Cibc World Market Inc. Takes $529,000 Position in Bread Financial Holdings, Inc. $BFH

Cibc World Market Inc. acquired a new position in Bread Financial Holdings, Inc. (NYSE:BFH) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,882 shares of the company’s stock, valued at approximately $529,000.

Several other large investors have also recently modified their holdings of BFH. Fifth Third Bancorp boosted its stake in shares of 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 purchasing an additional 17,269 shares in the last quarter. UBS Group AG increased its position in shares of 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 purchasing an additional 359,088 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 purchasing an additional 215,253 shares in the last quarter. Bank of America Corp DE lifted its holdings in Bread Financial by 18.1% during the 1st quarter. Bank of America Corp DE now owns 630,225 shares of the company’s stock valued at $47,198,000 after purchasing an additional 96,771 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in Bread Financial by 240.1% during 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. Institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Down 2.1%

Shares of BFH opened at $105.75 on Friday. The business’s fifty day moving average price is $105.31 and its two-hundred day moving average price is $90.28. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 0.68 and a beta of 1.11. Bread Financial Holdings, Inc. has a 52 week low of $53.83 and a 52 week high of $114.53. 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 (NYSE:BFH) last released 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. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.The company had revenue of $993.00 million during the quarter, compared to the consensus estimate of $959.32 million. During the same quarter in the previous year, the company posted $3.15 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current year.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 yield of 0.9%. The ex-dividend date of this dividend is Monday, August 31st. Bread Financial’s payout ratio is currently 7.18%.

Insider Transactions at Bread Financial

In other news, Director Praniti Lakhwara sold 2,802 shares of the firm’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 transaction, the director owned 4,458 shares of the company’s stock, valued at approximately $473,082.96. This trade represents a 38.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

BFH has been the topic of several research analyst reports. Loop Capital initiated coverage on shares of Bread Financial in a research note on Thursday, May 21st. They set a “buy” rating and a $104.00 price objective on the stock. UBS Group increased their price target on Bread Financial from $120.00 to $127.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Wolfe Research raised Bread Financial from a “peer perform” rating to an “outperform” rating and set a $130.00 price target for the company in a report on Tuesday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Bread Financial in a research report on Friday, July 24th. Finally, Morgan Stanley set a $107.00 price objective on Bread Financial in a research note on Friday, July 24th. 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. According to MarketBeat, Bread Financial has an average rating of “Hold” and a consensus price target of $112.08.

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.