Bank of Nova Scotia Invests $1.60 Million in Bread Financial Holdings, Inc. $BFH

Bank of Nova Scotia bought a new position in Bread Financial Holdings, Inc. (NYSE:BFH) during the first quarter, according to its most recent filing with the SEC. The firm bought 21,400 shares of the company’s stock, valued at approximately $1,603,000.

Several other institutional investors have also recently bought and sold shares of BFH. Kemnay Advisory Services Inc. bought a new position in shares of Bread Financial in the fourth quarter valued at $28,000. Cullen Frost Bankers Inc. acquired a new position in shares of Bread Financial during the fourth quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Bread Financial by 141.2% during 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 increased its position in shares of Bread Financial by 127.2% during the second quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock worth $41,000 after acquiring an additional 398 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Bread Financial by 8,300.0% in 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 during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Stock Down 0.6%

Bread Financial stock opened at $107.16 on Thursday. Bread Financial Holdings, Inc. has a fifty-two week low of $53.83 and a fifty-two week high of $110.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.15 and a current ratio of 1.17. The firm’s 50-day simple moving average is $98.58 and its 200 day simple moving average is $84.76. The stock has a market cap of $4.33 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.70 and a beta of 1.10.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, beating the consensus estimate 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 $992.00 million during the quarter, compared to analyst estimates of $959.32 million. During the same quarter last year, the business posted $3.15 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts predict that Bread Financial Holdings, Inc. will post 11.82 EPS 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. Stockholders of record on Monday, August 31st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.92 annualized dividend and a dividend yield of 0.9%. Bread Financial’s dividend payout ratio is currently 7.18%.

Analyst Ratings Changes

BFH has been the subject of a number of analyst reports. Barclays lifted their price target on Bread Financial from $104.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Wolfe Research reissued a “positive” rating on shares of Bread Financial in a research note on Wednesday, June 10th. Royal Bank Of Canada restated a “sector perform” rating and issued a $115.00 target price on shares of Bread Financial in a report on Friday, July 24th. TD Cowen lifted their target price on Bread Financial from $103.00 to $114.00 and gave the company a “hold” rating in a research report on Friday, July 24th. Finally, Morgan Stanley set a $107.00 target price on Bread Financial in a research report on Friday, July 24th. Eight research 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $110.00.

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett acquired 698 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were acquired at an average price of $86.43 per share, with a total value of $60,328.14. Following the completion of the transaction, the director owned 11,000 shares in the company, valued at approximately $950,730. This trade represents a 6.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ralph J. Andretta sold 15,000 shares of the company’s stock in a transaction 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 owned 582,241 shares of the company’s stock, valued at $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 currently owned by company insiders.

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.