23,174 Shares in Bread Financial Holdings, Inc. $BFH Purchased by Vista Investment Management

Vista Investment Management acquired a new position in Bread Financial Holdings, Inc. (NYSE:BFH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,174 shares of the company’s stock, valued at approximately $2,511,000. Vista Investment Management owned 0.06% of Bread Financial as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BFH. BlackRock Inc. purchased a new stake in shares of Bread Financial during the 2nd quarter worth approximately $421,314,000. Millennium Management LLC lifted its stake in Bread Financial by 223.4% in the fourth quarter. Millennium Management LLC now owns 665,812 shares of the company’s stock valued at $49,290,000 after purchasing an additional 459,916 shares during the last quarter. Bank of America Corp DE lifted its stake in Bread Financial by 241.1% in the second quarter. Bank of America Corp DE now owns 537,656 shares of the company’s stock valued at $30,711,000 after purchasing an additional 380,039 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Bread Financial by 104.8% during the first quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock valued at $36,889,000 after purchasing an additional 376,920 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Bread Financial during the second quarter valued at $39,468,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Stock Performance

NYSE BFH opened at $106.26 on Friday. The company’s 50 day simple moving average is $104.82 and its two-hundred day simple moving average is $89.21. 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 Holdings, Inc. has a 1 year low of $53.83 and a 1 year high of $114.53. The stock has a market capitalization of $4.08 billion, a PE ratio of 8.29, a P/E/G ratio of 0.67 and a beta of 1.11.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The firm had revenue of $993.00 million during the quarter, compared to analyst estimates of $959.32 million. During the same period in the previous year, the business earned $3.15 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts predict that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, August 31st. Bread Financial’s dividend payout ratio is currently 7.18%.

Insider Transactions at Bread Financial

In other Bread Financial news, Director Praniti Lakhwara sold 2,802 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was 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 of the company’s stock, valued at $473,082.96. This trade represents a 38.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ralph J. Andretta sold 15,000 shares of Bread Financial stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $89.10, for a total value of $1,336,500.00. Following the sale, the chief executive officer owned 582,241 shares of the company’s stock, valued at approximately $51,877,673.10. This trade represents a 2.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BFH has been the topic of several research reports. Wall Street Zen upgraded Bread Financial from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Morgan Stanley set a $107.00 price target on Bread Financial in a research note on Friday, July 24th. BTIG Research lifted their price objective on Bread Financial from $105.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Loop Capital started coverage on Bread Financial in a research note on Thursday, May 21st. They issued a “buy” rating and a $104.00 price objective on the stock. Finally, UBS Group upped their price objective on shares of Bread Financial from $120.00 to $127.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $110.58.

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.