Acadian Asset Management LLC Sells 89,619 Shares of Bread Financial Holdings, Inc. $BFH

Key Points

• Acadian Asset Management LLC decreased its stake in Bread Financial Holdings, Inc. by 32.2%, now holding 188,542 shares valued at approximately $9.44 million.
• Several institutional investors have increased or initiated their positions in Bread Financial, with Goldman Sachs Group Inc. notably growing its stake by 104.8% to own 736,604 shares worth $36.89 million.
• Analyst ratings for Bread Financial are mixed, with an average price target of $64.91 and ratings ranging from "Buy" to "Sell" among various investment firms.

Acadian Asset Management LLC decreased its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 32.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 188,542 shares of the company's stock after selling 89,619 shares during the period. Acadian Asset Management LLC owned about 0.41% of Bread Financial worth $9,438,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers acquired a new position in shares of Bread Financial during the 4th quarter worth approximately $214,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Bread Financial by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,303 shares of the company's stock worth $1,728,000 after purchasing an additional 1,076 shares during the last quarter. Millennium Management LLC increased its position in shares of Bread Financial by 12.6% during the 4th quarter. Millennium Management LLC now owns 236,038 shares of the company's stock worth $14,412,000 after purchasing an additional 26,368 shares during the last quarter. Man Group plc increased its position in shares of Bread Financial by 159.7% during the 4th quarter. Man Group plc now owns 61,389 shares of the company's stock worth $3,748,000 after purchasing an additional 37,749 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Bread Financial by 47.3% during the 4th quarter. ProShare Advisors LLC now owns 15,281 shares of the company's stock worth $933,000 after purchasing an additional 4,909 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BFH shares. BTIG Research set a $105.00 target price on Bread Financial and gave the stock a "buy" rating in a report on Monday, July 14th. Royal Bank Of Canada boosted their target price on Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Barclays reissued an "underweight" rating and set a $52.00 target price (up from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Finally, Wall Street Zen lowered Bread Financial from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $64.91.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett purchased 1,027 shares of Bread Financial stock in a transaction dated Wednesday, July 30th. The stock was bought at an average cost 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.62% of the company's stock.

Bread Financial Trading Up 1.0%

NYSE BFH traded up $0.66 during trading hours on Monday, hitting $63.84. 503,567 shares of the company's stock were exchanged, compared to its average volume of 490,825. The stock has a 50-day simple moving average of $62.16 and a 200 day simple moving average of $54.66. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $68.01. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 0.57 and a beta of 1.46. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $944.69 million. During the same quarter in the prior year, the company earned $2.66 earnings per share. The company's quarterly revenue was down 1.1% on a year-over-year basis. Bread Financial has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 8th were given a $0.21 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.3%. Bread Financial's payout ratio is 14.21%.

Bread Financial announced that its board has initiated a stock buyback plan on Wednesday, August 27th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Bread Financial 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.