GSA Capital Partners LLP Invests $2.29 Million in Bread Financial Holdings, Inc. $BFH

GSA Capital Partners LLP acquired a new stake in Bread Financial Holdings, Inc. (NYSE:BFH) in the 2nd quarter, Holdings Channel reports. The firm acquired 21,164 shares of the company’s stock, valued at approximately $2,293,000.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Bread Financial by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,086,060 shares of the company’s stock valued at $231,111,000 after purchasing an additional 9,854 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Bread Financial by 17.3% during the fourth quarter. Franklin Resources Inc. now owns 2,029,894 shares of the company’s stock valued at $150,273,000 after purchasing an additional 299,439 shares during the period. Geode Capital Management LLC boosted its position in shares of Bread Financial by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,159,731 shares of the company’s stock worth $85,866,000 after purchasing an additional 14,257 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Bread Financial by 21.6% during the 4th quarter. Allianz Asset Management GmbH now owns 1,147,366 shares of the company’s stock worth $84,940,000 after purchasing an additional 203,707 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Bread Financial by 14.7% in the 1st quarter. Hsbc Holdings PLC now owns 1,009,890 shares of the company’s stock valued at $74,667,000 after buying an additional 129,774 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Stock Up 1.4%

Shares of NYSE BFH opened at $113.22 on Friday. The stock has a market capitalization of $4.35 billion, a P/E ratio of 8.83, a P/E/G ratio of 0.72 and a beta of 1.11. The company has a 50-day moving average price of $103.72 and a 200-day moving average price of $87.90. Bread Financial Holdings, Inc. has a 1 year low of $53.83 and a 1 year high of $114.12. 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 (NYSE:BFH) last posted its earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, topping 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 company had revenue of $992.00 million for the quarter, compared to analyst estimates of $959.32 million. During the same quarter in the prior year, the business posted $3.15 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Bread Financial Holdings, Inc. will post 12.1 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Bread Financial’s payout ratio is currently 7.18%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Bank of America reaffirmed a “buy” rating and issued a $108.00 target price on shares of Bread Financial in a research report on Wednesday, June 10th. Zacks Research lowered Bread Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. The Goldman Sachs Group increased their price target on Bread Financial from $94.00 to $108.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. TD Cowen raised their price objective on Bread Financial from $103.00 to $114.00 and gave the company a “hold” rating in a research note on Friday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bread Financial in a report on Friday, July 24th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $110.58.

Insider Transactions at Bread Financial

In other news, Director Praniti Lakhwara sold 2,802 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total value of $297,348.24. Following the completion of the sale, the director directly owned 4,458 shares of the company’s stock, valued at $473,082.96. This represents a 38.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John J. Fawcett bought 698 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was bought at an average price of $86.43 per share, for a total transaction of $60,328.14. Following the acquisition, the director directly owned 11,000 shares of the company’s stock, valued at approximately $950,730. This represents a 6.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.30% of the company’s stock.

About Bread Financial

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.