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

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 bought 1,027 shares of the stock in a transaction that occurred on Wednesday, July 30th. The stock was acquired at an average price of $61.79 per share, for a total transaction of $63,458.33. Following the completion of the transaction, the director 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Bread Financial Stock Performance

Bread Financial stock traded down $0.47 during trading hours on Tuesday, hitting $58.95. The company had a trading volume of 328,145 shares, compared to its average volume of 855,636. The firm has a market cap of $2.75 billion, a PE ratio of 9.97, a PEG ratio of 0.98 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 1.18. Bread Financial Holdings, Inc. has a one year low of $38.21 and a one year high of $66.71. The firm has a 50-day moving average of $56.91 and a 200 day moving average of $54.34.

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

Bread Financial Announces Dividend

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 given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 8th. Bread Financial's dividend payout ratio is presently 14.21%.

Analyst Ratings Changes

Several brokerages have recently commented on BFH. Barclays reaffirmed an "underweight" rating and issued a $52.00 target price (up previously from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Royal Bank Of Canada lifted their price objective on Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Morgan Stanley lifted their price objective on Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th. BTIG Research set a $105.00 price target on Bread Financial and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Jefferies Financial Group boosted their price target on Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Bread Financial has an average rating of "Hold" and an average target price of $64.42.

Institutional Investors Weigh In On Bread Financial

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Bread Financial by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 5,848,495 shares of the company's stock worth $357,109,000 after purchasing an additional 36,057 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in Bread Financial in the fourth quarter worth about $104,000. American Century Companies Inc. lifted its position in Bread Financial by 5.8% during the first quarter. American Century Companies Inc. now owns 1,461,844 shares of the company's stock valued at $73,209,000 after purchasing an additional 79,709 shares during the period. Hsbc Holdings PLC raised its position in 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 acquiring an additional 13,679 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Bread Financial by 45.0% during the 1st quarter. Wellington Management Group LLP now owns 1,320,418 shares of the company's stock valued at $66,127,000 after buying an additional 409,877 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Bread Financial Company Profile

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.