Bread Financial Holdings, Inc. (NYSE:BFH – Get Free Report) CEO Ralph Andretta sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $89.10, for a total transaction of $1,336,500.00. Following the transaction, the chief executive officer directly owned 582,241 shares in the company, valued at approximately $51,877,673.10. The trade was a 2.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Bread Financial Stock Down 3.4%
Bread Financial stock opened at $88.48 on Thursday. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 7.25, 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 company’s 50-day moving average price is $83.79 and its two-hundred day moving average price is $76.59. Bread Financial Holdings, Inc. has a 52 week low of $49.17 and a 52 week high of $99.13.
Bread Financial (NYSE:BFH – Get Free Report) last released its earnings results on Thursday, April 23rd. The company reported $4.18 EPS for the quarter, beating the consensus estimate of $3.00 by $1.18. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $992.05 million. Bread Financial had a net margin of 11.90% and a return on equity of 18.79%. Bread Financial’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $2.86 EPS. On average, analysts expect that Bread Financial Holdings, Inc. will post 10.59 EPS for the current fiscal year.
Bread Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.92 annualized dividend and a yield of 1.0%. Bread Financial’s dividend payout ratio (DPR) is presently 7.53%.
Institutional Trading of Bread Financial
A number of hedge funds have recently bought and sold shares of BFH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Bread Financial by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,589 shares of the company’s stock valued at $1,482,000 after buying an additional 1,286 shares in the last quarter. Millennium Management LLC lifted its stake in Bread Financial by 46.5% during the first quarter. Millennium Management LLC now owns 345,902 shares of the company’s stock valued at $17,323,000 after buying an additional 109,864 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Bread Financial by 104.8% during the first quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock valued at $36,889,000 after buying an additional 376,920 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Bread Financial by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,833 shares of the company’s stock valued at $7,904,000 after buying an additional 4,624 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Bread Financial during the first quarter valued at about $65,000. 99.52% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on BFH shares. BTIG Research raised their price objective on shares of Bread Financial from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Morgan Stanley set a $98.00 price objective on shares of Bread Financial in a research report on Friday, April 24th. Bank of America set a $92.00 price objective on shares of Bread Financial and gave the company an “overweight” rating in a research report on Wednesday, March 11th. Wall Street Zen lowered shares of Bread Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Barclays raised their price objective on shares of Bread Financial from $67.00 to $70.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bread Financial currently has an average rating of “Moderate Buy” and an average price target of $94.25.
Read Our Latest Stock Analysis 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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