Bread Financial Holdings, Inc. $BFH Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 11.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,816 shares of the company’s stock after acquiring an additional 995 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Bread Financial were worth $561,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BFH. Quarry LP boosted its stake in shares of Bread Financial by 947.5% during the first quarter. Quarry LP now owns 639 shares of the company’s stock valued at $32,000 after acquiring an additional 578 shares during the last quarter. Strs Ohio purchased a new position in Bread Financial during the first quarter worth about $65,000. GAMMA Investing LLC lifted its position in Bread Financial by 28.0% during the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company’s stock worth $73,000 after buying an additional 319 shares during the period. State of Wyoming purchased a new position in Bread Financial during the first quarter worth about $92,000. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in Bread Financial during the second quarter worth about $166,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Price Performance

BFH stock opened at $61.03 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18. Bread Financial Holdings, Inc. has a 1 year low of $38.21 and a 1 year high of $68.01. The firm has a market cap of $2.85 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 0.54 and a beta of 1.41. The stock has a 50-day simple moving average of $60.98 and a 200-day simple moving average of $56.32.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $1.29. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The business had revenue of $929.00 million during the quarter, compared to analyst estimates of $944.69 million. During the same quarter last year, the firm earned $2.66 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Bread Financial has set its FY 2025 guidance at EPS. On average, equities analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial announced that its board has initiated a share repurchase plan on Wednesday, August 27th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 8th were paid a $0.21 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.4%. Bread Financial’s dividend payout ratio (DPR) is 14.21%.

Insider Activity

In related news, Director John J. Fawcett bought 1,027 shares of the stock in a transaction dated Wednesday, July 30th. The stock was acquired at an average price of $61.79 per share, for a total transaction of $63,458.33. Following the completion of the purchase, the director owned 10,302 shares in the company, valued at $636,560.58. This represents a 11.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BFH shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Bread Financial in a research report on Wednesday, October 8th. BTIG Research set a $105.00 target price on Bread Financial and gave the stock a “buy” rating in a research report on Monday, July 14th. Wall Street Zen downgraded Bread Financial from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Keefe, Bruyette & Woods reduced their target price on Bread Financial from $88.00 to $71.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Finally, Evercore ISI reduced their target price on Bread Financial from $68.00 to $64.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $66.20.

Bread Financial Company Profile

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.