Wellington Management Group LLP Has $54.01 Million Holdings in Bread Financial Holdings, Inc. $BFH

Wellington Management Group LLP decreased its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 39.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 498,428 shares of the company’s stock after selling 329,842 shares during the quarter. Wellington Management Group LLP owned approximately 1.30% of Bread Financial worth $54,005,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new position in Bread Financial during the 2nd quarter worth $421,314,000. Hsbc Holdings PLC bought a new stake in shares of Bread Financial in the 2nd quarter valued at about $98,764,000. Bank of America Corp DE acquired a new stake in shares of Bread Financial in the second quarter valued at about $65,806,000. Empowered Funds LLC acquired a new stake in shares of Bread Financial in the second quarter valued at about $50,051,000. Finally, Millennium Management LLC raised its position in shares of Bread Financial by 223.4% during the fourth quarter. Millennium Management LLC now owns 665,812 shares of the company’s stock worth $49,290,000 after acquiring an additional 459,916 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BFH shares. Morgan Stanley set a $107.00 price objective on Bread Financial in a research note on Friday, July 24th. Zacks Research upgraded shares of Bread Financial from a “hold” rating to a “strong-buy” rating in a report on Monday. The Goldman Sachs Group boosted their price target on shares of Bread Financial from $94.00 to $108.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Bread Financial in a research note on Wednesday, June 10th. Finally, Seaport Research Partners reiterated a “buy” rating and set a $119.00 price objective on shares of Bread Financial in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $112.08.

Bread Financial Price Performance

Bread Financial stock opened at $108.83 on Friday. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 0.67 and a beta of 1.10. 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. The stock’s 50 day moving average price is $105.39 and its two-hundred day moving average price is $91.24.

Bread Financial (NYSE:BFH) last released its 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. The company had revenue of $993.00 million for the quarter, compared to the consensus estimate of $959.32 million. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. Bread Financial’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.15 EPS. On average, equities analysts predict that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current year.

Bread Financial Dividend Announcement

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. The ex-dividend date is Monday, August 31st. This represents a $0.92 annualized dividend and a dividend yield of 0.8%. Bread Financial’s dividend payout ratio is currently 7.18%.

Insider Buying and Selling at Bread Financial

In other news, Director Praniti Lakhwara sold 2,802 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total transaction of $297,348.24. Following the transaction, the director owned 4,458 shares of the company’s stock, valued at $473,082.96. This represents a 38.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

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.