Bread Financial Holdings, Inc. (NYSE:BFH) Director John J. Fawcett Acquires 1,027 Shares

Key Points

• John J. Fawcett, a director at Bread Financial Holdings, acquired 1,027 shares at $61.79 each, increasing his ownership by 11.07% to a total of 10,302 shares.
• The company recently reported a quarterly earnings per share of $3.14, surpassing estimates of $1.85, although revenue decreased by 1.1% year-over-year.
• Bread Financial announced a quarterly dividend of $0.21 per share, with an ex-dividend date on August 8th and a yield of 1.4%.

Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) Director John J. Fawcett acquired 1,027 shares of the company's stock in a transaction dated Wednesday, July 30th. The stock was acquired at an average cost of $61.79 per share, for a total transaction of $63,458.33. Following the completion of the purchase, the director directly owned 10,302 shares in the company, valued at $636,560.58. This trade represents a 11.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bread Financial Stock Performance

BFH stock opened at $61.26 on Friday. The firm has a market cap of $2.86 billion, a PE ratio of 10.37, a P/E/G ratio of 1.05 and a beta of 1.38. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average of $56.77 and a 200-day moving average of $54.44. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $1.85 by $1.29. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%. The business had revenue of $929.00 million during the quarter, compared to analyst estimates of $944.69 million. During the same period in the prior year, the company earned $2.66 earnings per share. Bread Financial's revenue was down 1.1% compared to the same quarter last year. As a group, sell-side analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 8th. Bread Financial's dividend payout ratio is 14.21%.

Hedge Funds Weigh In On Bread Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Bread Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 5,848,495 shares of the company's stock worth $357,109,000 after buying an additional 36,057 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of Bread Financial in the fourth quarter worth $104,000. American Century Companies Inc. raised its position in shares of Bread Financial by 5.8% in the first quarter. American Century Companies Inc. now owns 1,461,844 shares of the company's stock worth $73,209,000 after buying an additional 79,709 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Bread Financial by 1.0% in the fourth quarter. Hsbc Holdings PLC now owns 1,452,509 shares of the company's stock worth $89,299,000 after buying an additional 13,679 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Bread Financial by 45.0% in the first quarter. Wellington Management Group LLP now owns 1,320,418 shares of the company's stock worth $66,127,000 after buying an additional 409,877 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BFH has been the topic of a number of research reports. Wall Street Zen raised Bread Financial from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. BTIG Research set a $105.00 price target on Bread Financial and gave the stock a "buy" rating in a research note on Monday, July 14th. Morgan Stanley upped their price target on Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th. Barclays reaffirmed an "underweight" rating and set a $52.00 price target (up from $45.00) on shares of Bread Financial in a research note on Tuesday, July 8th. Finally, Jefferies Financial Group upped their price target on Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $64.42.

About Bread Financial

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.

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