Wellington Management Group LLP Has $54.01 Million Stake in Bread Financial Holdings, Inc. $BFH

Wellington Management Group LLP reduced its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 39.8% during the second quarter, Holdings Channel.com reports. The firm owned 498,428 shares of the company’s stock after selling 329,842 shares during the quarter. Wellington Management Group LLP’s holdings in Bread Financial were worth $54,005,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Bread Financial by 2.6% during the second quarter. GAMMA Investing LLC now owns 3,842 shares of the company’s stock worth $416,000 after buying an additional 99 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Bread Financial by 5.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,535 shares of the company’s stock valued at $262,000 after buying an additional 187 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Bread Financial by 58.7% during the first quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock valued at $46,000 after buying an additional 227 shares during the last quarter. Vista Investment Management increased its position in shares of Bread Financial by 1.1% during the fourth quarter. Vista Investment Management now owns 22,858 shares of the company’s stock worth $1,692,000 after acquiring an additional 241 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in shares of Bread Financial by 6.6% during the fourth quarter. Corient Private Wealth LLC now owns 4,206 shares of the company’s stock worth $311,000 after acquiring an additional 259 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Insider Activity

In other news, Director Praniti Lakhwara sold 2,802 shares of the firm’s stock in a transaction 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 completion of the sale, the director directly owned 4,458 shares of the company’s stock, valued at $473,082.96. This trade represents a 38.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Bread Financial Price Performance

Shares of NYSE BFH opened at $108.83 on Friday. Bread Financial Holdings, Inc. has a twelve month low of $53.83 and a twelve month high of $114.53. The stock’s 50 day moving average price is $105.39 and its 200-day moving average price is $91.24. The company has a market capitalization of $4.18 billion, a PE ratio of 8.49, a PEG ratio of 0.67 and a beta of 1.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.25.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.81. The company had revenue of $993.00 million during the quarter, compared to the consensus estimate of $959.32 million. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.Bread Financial’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $3.15 earnings per share. On average, equities analysts anticipate that Bread Financial Holdings, Inc. will post 12.1 EPS for the current year.

Bread Financial Announces Dividend

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

Analysts Set New Price Targets

BFH has been the topic of several recent research reports. UBS Group raised their price target on shares of Bread Financial from $120.00 to $127.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Seaport Research Partners reissued a “buy” rating and set a $119.00 price objective on shares of Bread Financial in a report on Monday, July 27th. Wall Street Zen raised Bread Financial from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Wolfe Research raised Bread Financial from a “peer perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research report on Tuesday, August 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Bread Financial in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.08.

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.