Diversified Trust Co Acquires 8,375 Shares of Bread Financial Holdings, Inc. $BFH

Diversified Trust Co lifted its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 215.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,265 shares of the company’s stock after acquiring an additional 8,375 shares during the quarter. Diversified Trust Co’s holdings in Bread Financial were worth $919,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Bread Financial by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,589 shares of the company’s stock valued at $1,482,000 after purchasing an additional 1,286 shares during the last quarter. Millennium Management LLC raised its stake in shares of Bread Financial by 46.5% during the 1st quarter. Millennium Management LLC now owns 345,902 shares of the company’s stock worth $17,323,000 after purchasing an additional 109,864 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Bread Financial by 104.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock worth $36,889,000 after buying an additional 376,920 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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 buying an additional 4,624 shares during the last quarter. Finally, Strs Ohio bought a new position in Bread Financial during the first quarter valued at about $65,000. 99.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BFH has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Bread Financial in a report on Wednesday, June 10th. Loop Capital initiated coverage on shares of Bread Financial in a research note on Thursday, May 21st. They issued a “buy” rating and a $104.00 target price on the stock. Morgan Stanley set a $98.00 target price on shares of Bread Financial in a research report on Friday, April 24th. Weiss Ratings upgraded shares of Bread Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Finally, TD Cowen raised their price target on shares of Bread Financial from $80.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $96.42.

Insider Activity

In related news, CEO Ralph J. Andretta sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $51,877,673.10. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roger H. Ballou sold 9,687 shares of Bread Financial stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $90.32, for a total transaction of $874,929.84. Following the completion of the transaction, the director owned 30,079 shares of the company’s stock, valued at $2,716,735.28. This represents a 24.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.30% of the company’s stock.

Bread Financial Stock Up 1.1%

BFH stock opened at $104.97 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 0.94 and a beta of 1.12. Bread Financial Holdings, Inc. has a fifty-two week low of $53.83 and a fifty-two week high of $105.70. The stock has a fifty day moving average of $90.95 and a 200-day moving average of $80.14.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $4.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $1.18. The business had revenue of $1.02 billion for 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%.The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.86 EPS. As a group, equities research analysts predict that Bread Financial Holdings, Inc. will post 10.62 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.23 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.92 annualized dividend and a dividend yield of 0.9%. Bread Financial’s dividend payout ratio (DPR) is presently 7.53%.

Bread Financial declared that its board has approved a share buyback program on Thursday, February 26th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 19% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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.