Louisiana State Employees Retirement System Buys Shares of 19,600 Bread Financial Holdings, Inc. $BFH

Louisiana State Employees Retirement System purchased a new position in Bread Financial Holdings, Inc. (NYSE:BFH) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,600 shares of the company’s stock, valued at approximately $1,468,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kemnay Advisory Services Inc. acquired a new position in Bread Financial in the 4th quarter valued at approximately $28,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Bread Financial during the 4th quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. grew its position in Bread Financial by 141.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock worth $31,000 after acquiring an additional 329 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Bread Financial by 127.2% in the second quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock worth $41,000 after purchasing an additional 398 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Bread Financial by 8,300.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 840 shares of the company’s stock worth $47,000 after acquiring an additional 830 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Bread Financial

In other news, Director Roger H. Ballou sold 9,687 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $90.32, for a total transaction of $874,929.84. Following the sale, the director owned 30,079 shares in the company, valued at approximately $2,716,735.28. This represents a 24.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 completion of the transaction, the chief executive officer directly owned 582,241 shares of the company’s stock, valued at $51,877,673.10. This represents a 2.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on BFH. Morgan Stanley set a $98.00 price target on Bread Financial in a report on Friday, April 24th. Wall Street Zen raised shares of Bread Financial from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Bread Financial in a research note on Wednesday, June 10th. Loop Capital assumed coverage on shares of Bread Financial in a report on Thursday, May 21st. They issued a “buy” rating and a $104.00 target price on the stock. Finally, Weiss Ratings upgraded shares of Bread Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bread Financial has an average rating of “Moderate Buy” and a consensus price target of $98.67.

Bread Financial Trading Down 3.1%

Bread Financial stock opened at $102.10 on Friday. The business has a 50 day moving average price of $93.18 and a two-hundred day moving average price of $81.52. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.25. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 0.96 and a beta of 1.10. Bread Financial Holdings, Inc. has a 12 month low of $53.83 and a 12 month high of $109.91.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, April 23rd. The company reported $4.18 EPS for the quarter, topping the consensus estimate of $3.00 by $1.18. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $992.05 million. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.Bread Financial’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $2.86 earnings per share. As a group, equities analysts forecast that Bread Financial Holdings, Inc. will post 10.62 EPS for the current year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.23 per share. The ex-dividend date was Friday, May 29th. This represents a $0.92 dividend on an annualized basis and a yield of 0.9%. Bread Financial’s dividend payout ratio is 7.53%.

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.