Legal & General Group Plc Buys Shares of 102,960 Bread Financial Holdings, Inc. $BFH

Legal & General Group Plc purchased a new position in Bread Financial Holdings, Inc. (NYSE:BFH) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 102,960 shares of the company’s stock, valued at approximately $11,156,000.

A number of other large investors also recently modified their holdings of BFH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Bread Financial by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,589 shares of the company’s stock worth $1,482,000 after acquiring an additional 1,286 shares during the last quarter. Millennium Management LLC raised its stake in Bread Financial by 46.5% during the 1st quarter. Millennium Management LLC now owns 345,902 shares of the company’s stock valued at $17,323,000 after purchasing an additional 109,864 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Bread Financial by 104.8% in the 1st 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Bread Financial by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,833 shares of the company’s stock worth $7,904,000 after purchasing an additional 4,624 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Bread Financial in the 1st quarter worth $65,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Trading Down 1.5%

Shares of BFH stock opened at $104.15 on Tuesday. Bread Financial Holdings, Inc. has a 52-week low of $53.83 and a 52-week high of $114.53. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 8.12, a P/E/G ratio of 0.67 and a beta of 1.11. 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 firm has a fifty day moving average of $105.31 and a 200-day moving average of $90.56.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.81. The business had revenue of $993.00 million for the quarter, compared to analyst estimates of $959.32 million. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.15 EPS. On average, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, August 31st. This represents a $0.92 dividend on an annualized basis and a yield of 0.9%. Bread Financial’s dividend payout ratio (DPR) is currently 7.18%.

Analyst Ratings Changes

BFH has been the subject of a number of research analyst reports. Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective for the company in a research report on Tuesday, August 25th. Morgan Stanley set a $107.00 target price on Bread Financial in a research report on Friday, July 24th. Zacks Research lowered Bread Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. UBS Group upped their price target on Bread Financial from $120.00 to $127.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, TD Cowen raised their price objective on Bread Financial from $103.00 to $114.00 and gave the stock a “hold” rating in a research report on Friday, July 24th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $112.08.

Insiders Place Their Bets

In other Bread Financial news, Director Praniti Lakhwara sold 2,802 shares of Bread Financial stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total transaction of $297,348.24. Following the sale, the director directly owned 4,458 shares of the company’s stock, valued at approximately $473,082.96. The trade was a 38.60% decrease 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 link. 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.