Hsbc Holdings PLC lessened its stake in Bread Financial Holdings, Inc. (NYSE:BFH – Free Report) by 10.1% in the 2nd quarter, Holdings Channel reports. The firm owned 907,458 shares of the company’s stock after selling 102,432 shares during the period. Hsbc Holdings PLC’s holdings in Bread Financial were worth $98,764,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new position in Bread Financial during the fourth quarter worth $28,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Bread Financial in the fourth quarter valued at $29,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Bread Financial in the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of Bread Financial by 127.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock valued at $41,000 after buying an additional 398 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in Bread Financial by 58.7% during the 1st quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock worth $46,000 after acquiring an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on BFH shares. Royal Bank Of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Bread Financial in a report on Friday, July 24th. Wall Street Zen raised shares of Bread Financial from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Bank of America reissued a “buy” rating and issued a $108.00 price objective on shares of Bread Financial in a research note on Wednesday, June 10th. Evercore restated an “outperform” rating and issued a $116.00 price objective on shares of Bread Financial in a report on Monday, July 6th. Finally, Loop Capital started coverage on shares of Bread Financial in a research note on Thursday, May 21st. They set a “buy” rating and a $104.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five 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 an average rating of “Moderate Buy” and a consensus price target of $112.08.
Insiders Place Their Bets
In related news, Director Praniti Lakhwara sold 2,802 shares of Bread Financial stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total value of $297,348.24. Following the completion of the transaction, the director owned 4,458 shares in the company, valued at $473,082.96. The trade was a 38.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.
Bread Financial Trading Down 0.2%
BFH opened at $110.70 on Monday. The business has a fifty day moving average price of $105.48 and a 200 day moving average price of $91.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.17 and a quick ratio of 1.17. Bread Financial Holdings, Inc. has a 12 month low of $53.83 and a 12 month high of $114.53. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 0.70 and a beta of 1.10.
Bread Financial (NYSE:BFH – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.81. The company had revenue of $993.00 million for the quarter, compared to analyst estimates 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 for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.15 EPS. Sell-side analysts expect that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current fiscal year.
Bread Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, August 31st. Bread Financial’s dividend payout ratio is presently 7.18%.
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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