Sparta 24 Ltd., an institutional investor, has recently increased its holdings in Bread Financial Holdings, Inc. by 6.7% during the first quarter of this year. The company now owns 71,167 shares of Bread Financial’s stock, adding an additional 4,500 shares to their portfolio. This increase means that Bread Financial makes up approximately 1.8% of Sparta 24 Ltd.’s holdings and is currently their 15th largest holding. According to the latest filing with the Securities and Exchange Commission (SEC), Sparta 24 Ltd.’s stake in Bread Financial is estimated to be worth $2,158,000.
In other news related to Bread Financial, the company recently released its quarterly earnings data on July 27th. According to the report, Bread Financial exceeded expectations with a reported earnings per share of $1.27 for the quarter, surpassing the consensus estimate of $0.23 by an impressive $1.04. The company also demonstrated strong financial performance in terms of return on equity with a figure of 20.52% and a net margin of 10.05%. Furthermore, Bread Financial generated revenue of $952.00 million for the quarter, which greatly outperformed analysts’ expectations of $0.41 million.
Looking ahead, research analysts anticipate that Bread Financial Holdings will continue to thrive throughout the rest of the year and are forecasting earnings per share of approximately $12.94 for current fiscal year.
These recent developments highlight a positive trend for both Sparta 24 Ltd., as it strengthens its position in Bread Financial Holdings, and for Bread Financial itself due to its impressive financial performance in the most recent quarter.
Investors who are interested in acquiring more information about Bread Financial can obtain our latest research report on the company.
Please note that all mentioned information is accurate as of September 13, 2023.
Bread Financial Holdings, Inc.
BFH
Buy
Updated on: 05/12/2023
Financial Health
Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Buy
DCF: Strong Buy
ROE: Neutral
Bread Financial Holdings, Inc. Attracts Hedge Funds with Mixed Analyst Sentiment
September 13, 2023 – Bread Financial Holdings, Inc. (BFH) has recently attracted the attention of several hedge funds, resulting in increased trading activity. Notably, Turtle Creek Asset Management Inc. saw a significant rise in its stake of Bread Financial by 15.9% during the first quarter. This increase amounted to an acquisition of an additional 678,429 shares, bringing their total ownership to 4,944,810 shares worth approximately $149,927,000.
Another notable investor is Vanguard Group Inc., which acquired a new position in Bread Financial during the third quarter for an estimated value of about $155,419,000. Similarly, BlackRock Inc., one of the world’s largest asset management firms, boosted its stake in Bread Financial by 0.8% during the first quarter. Their additional purchase of 38,371 shares elevated their total ownership to 4,889,894 shares valued at $148,262,000.
Wellington Management Group LLP also demonstrated their confidence in Bread Financial during this period by increasing their position by a staggering 2,548.3%. This growth was fueled by their acquisition of an impressive number of shares totaling 2,567,157 and raising their ownership to 2,667,897 shares amounting to $80,891,000.
Furthermore Dimensional Fund Advisors LP showed a strong belief in the company as well by raising their stake in Bread Financial by an astounding 62.1%. The acquisition of an additional 830,855 shares brought their total holding to 2,
169,
566
shares valued at $65,
779,
000
dollars.
It is important to note that as of present day almost all the company’s stock owned belongs to institutional investors with them owning around approximately “99.52%” according our calculation
On September
5th research obtained from Bloomberg.com reveals that Raymond James reaffirmed a “sector perform” rating with a price target of $43.00 on shares of Bread Financial. Interestingly, this price objective was reduced from an earlier target of $46.00 suggesting some uncertainty or skepticism regarding the stock’s potential performance.
Additionally, Royal Bank of Canada also downgraded Bread Financial from an “outperform” rating to a “sector perform” rating alongside lowering their price target from $46.00 to $43.00.
In contrast JPMorgan Chase & Co showed faith in Bread Financial by upping their price objective on the stock from $41.00 to $49.00 and giving it an “overweight” rating.
Of the eight research analysts that have explored the stock, six have rated it as a hold while two have assigned it a buy rating thus making it evident that there is mixed sentiment among experts on its future prospects.
According to data obtained from Bloomberg.com, the stock currently possesses a consensus rating of “Hold” with an average target price of about $42.13.
In another development within the company,
on July 31st director Roger H. Ballou purchased 2,400 shares at an average price of approximately $41.78 per share equaling a total transaction value of $100,272.
Following this acquisition he now owns 34,842 shares valued at roughly
$1,
455,
698
in total assets.
During trading on Wednesday, BFH opened at a price of $35.77.
Over the past year, its lowest recorded value stood at $23.19 whereas its highest recorded value reached $44.52 million demonstrating significant volatility.
With a current ratio and quick ratio both standing at 1.17,
Bread Financial showcases financial stability.
The company maintains a debt-to-equity ratio of 0.50 signifying responsible leverage management.
Bread Financial Holdings boasts a market capitalization worth approximately
$1,
800,
000,
000
making it a sizable player within the industry.
With a price-to-earnings ratio of 3.56 and a P/E/G ratio of 0.09, the stock appears to be undervalued or potentially presenting low growth prospects according to some analysts.
However, its beta of 1.97 suggests greater volatility compared to the broader market.
Currently, BFH’s 50-day moving average price is $37.36, while its two-hundred day moving average price sits at $32.64.
These figures indicate some recent positive momentum in the stock’s performance as it surpasses its longer-term average.
In conclusion, Bread Financial Holdings has experienced notable trading activity among hedge funds and institutional investors alike.
Recent acquisitions by Turtle Creek Asset Management Inc., Vanguard Group Inc., BlackRock Inc., Wellington Management Group LLP, and Dimensional Fund Advisors LP have sparked curiosity in the market.
Brokerages have expressed varying sentiments on the stock, with suggestions that it warrants further analysis due to its mixed ratings from experts.
As director Roger H. Ballou demonstrated confidence in the company by acquiring additional shares,
hopes for future growth and stability are fostered.
However, with fluctuating values over the course of one year and perplexing financial metrics,
potential investors need
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