WINTON GROUP Ltd decreased its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH – Free Report) by 10.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,570 shares of the company’s stock after selling 11,625 shares during the period. WINTON GROUP Ltd’s holdings in Bread Financial were worth $7,075,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the business. Daiwa Securities Group Inc. boosted its position in shares of Bread Financial by 5.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,535 shares of the company’s stock valued at $262,000 after purchasing an additional 187 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Bread Financial by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 14,527 shares of the company’s stock worth $810,000 after acquiring an additional 200 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Bread Financial by 0.9% during the third quarter. Illinois Municipal Retirement Fund now owns 25,186 shares of the company’s stock worth $1,405,000 after purchasing an additional 213 shares during the period. Versor Investments LP raised its position in shares of Bread Financial by 3.8% during the fourth quarter. Versor Investments LP now owns 8,183 shares of the company’s stock worth $606,000 after purchasing an additional 300 shares during the period. Finally, New Age Alpha Advisors LLC raised its position in shares of Bread Financial by 5.1% during the fourth quarter. New Age Alpha Advisors LLC now owns 6,494 shares of the company’s stock worth $481,000 after purchasing an additional 318 shares during the period. Institutional investors own 99.52% of the company’s stock.
Bread Financial Trading Down 0.1%
Shares of NYSE BFH opened at $91.10 on Friday. Bread Financial Holdings, Inc. has a one year low of $50.32 and a one year high of $99.13. The firm has a market capitalization of $3.68 billion, a PE ratio of 7.46, a PEG ratio of 0.86 and a beta of 1.12. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $84.44 and a two-hundred day moving average price of $76.89.
Bread Financial declared that its Board of Directors has approved a share repurchase plan on Thursday, February 26th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 19% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Bread Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, May 29th. This represents a $0.92 dividend on an annualized basis and a yield of 1.0%. Bread Financial’s dividend payout ratio (DPR) is presently 7.53%.
Insiders Place Their Bets
In other Bread Financial news, Director John J. Fawcett acquired 698 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average cost of $86.43 per share, for a total transaction of $60,328.14. Following the transaction, the director owned 11,000 shares of the company’s stock, valued at $950,730. The trade was a 6.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ralph J. Andretta sold 15,000 shares of the business’s 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 owned 582,241 shares in the company, 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. Corporate insiders own 1.30% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada set a $105.00 target price on Bread Financial in a research report on Friday, April 24th. Evercore reaffirmed an “outperform” rating and set a $99.00 target price on shares of Bread Financial in a research report on Wednesday, April 29th. Bank of America set a $92.00 target price on Bread Financial and gave the stock an “overweight” rating in a research report on Wednesday, March 11th. BTIG Research boosted their target price on Bread Financial from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Morgan Stanley set a $98.00 target price on Bread Financial in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.25.
View Our Latest Stock Report on Bread Financial
Bread Financial Company 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.
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