Exchange Traded Concepts LLC Lowers Position in Bread Financial Holdings, Inc. $BFH

Exchange Traded Concepts LLC reduced its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 23.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,017 shares of the company’s stock after selling 23,573 shares during the period. Exchange Traded Concepts LLC owned approximately 0.17% of Bread Financial worth $5,628,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BFH. Northwestern Mutual Wealth Management Co. increased its position in Bread Financial by 141.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock worth $31,000 after purchasing an additional 329 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of 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 buying an additional 398 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Bread Financial by 8,300.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 840 shares of the company’s stock valued at $47,000 after buying an additional 830 shares during the period. Quarry LP lifted its holdings in shares of Bread Financial by 1,509.1% in the 3rd quarter. Quarry LP now owns 885 shares of the company’s stock valued at $49,000 after buying an additional 830 shares during the period. Finally, Salomon & Ludwin LLC boosted its stake in shares of Bread Financial by 136.2% in the third quarter. Salomon & Ludwin LLC now owns 888 shares of the company’s stock valued at $49,000 after buying an additional 512 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

BFH has been the topic of a number of recent analyst reports. Wall Street Zen lowered Bread Financial from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. UBS Group began coverage on shares of Bread Financial in a research report on Thursday, January 8th. They set a “buy” rating and a $92.00 target price on the stock. BTIG Research reaffirmed a “buy” rating and set a $98.00 price target on shares of Bread Financial in a research note on Friday, January 30th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $83.00 price target on shares of Bread Financial in a report on Monday, January 12th. Finally, Evercore upgraded shares of Bread Financial from a “hold” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $81.08.

Bread Financial Price Performance

Bread Financial stock opened at $72.86 on Tuesday. The stock has a market capitalization of $3.14 billion, a P/E ratio of 6.72, a P/E/G ratio of 0.44 and a beta of 1.20. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month high of $82.03. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.17 and a quick ratio of 1.17. The firm’s 50-day moving average is $73.26 and its two-hundred day moving average is $68.93.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $1.67. Bread Financial had a net margin of 11.02% and a return on equity of 17.92%. The business had revenue of $975.00 million during the quarter, compared to analyst estimates of $954.74 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. Equities analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, February 27th. Bread Financial’s dividend payout ratio is currently 8.49%.

Bread Financial announced that its Board of Directors has approved a share buyback plan on Thursday, February 26th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the company to buy up to 19% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.