Bread Financial Holdings, Inc. $BFH Shares Acquired by SG Americas Securities LLC

Key Points

• SG Americas Securities LLC increased its stake in Bread Financial by 101.9% in Q4, purchasing 17,680 shares to hold 35,027 shares worth about $2.59 million (roughly 0.08% of the company).
• Bread Financial posted a sizable quarterly beat with EPS of $2.07 versus a $0.40 consensus and revenue of $975 million versus $954.7 million, up from $0.41 EPS a year earlier.
• The board authorized a $600 million share buyback (up to ~19% of outstanding shares) and the company recently paid a quarterly dividend of $0.23, implying a ~1.3% yield.

SG Americas Securities LLC increased its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 101.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,027 shares of the company's stock after buying an additional 17,680 shares during the period. SG Americas Securities LLC owned about 0.08% of Bread Financial worth $2,593,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Bread Financial by 141.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company's stock valued at $31,000 after acquiring an additional 329 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Bread Financial by 127.2% in the second quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company's stock worth $41,000 after acquiring an additional 398 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Bread Financial by 8,300.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 840 shares of the company's stock valued at $47,000 after purchasing an additional 830 shares during the last quarter. Quarry LP grew its stake in Bread Financial by 1,509.1% during the 3rd quarter. Quarry LP now owns 885 shares of the company's stock valued at $49,000 after purchasing an additional 830 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its stake in Bread Financial by 136.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 888 shares of the company's stock valued at $49,000 after purchasing an additional 512 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BFH shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $83.00 target price on shares of Bread Financial in a research report on Monday, January 12th. Zacks Research cut shares of Bread Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, December 22nd. Barclays increased their price objective on shares of Bread Financial from $61.00 to $64.00 and gave the company an "underweight" rating in a research note on Friday, January 30th. Evercore raised shares of Bread Financial from a "hold" rating to an "outperform" rating and set a $90.00 price objective for the company in a report on Thursday, February 5th. Finally, Morgan Stanley boosted their target price on shares of Bread Financial from $62.00 to $68.00 and gave the stock an "underweight" rating in a research report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $81.08.

Bread Financial Price Performance

Shares of NYSE:BFH opened at $73.07 on Friday. The company has a market cap of $3.15 billion, a PE ratio of 6.74, a P/E/G ratio of 0.44 and a beta of 1.11. Bread Financial Holdings, Inc. has a fifty-two week low of $38.21 and a fifty-two week high of $82.03. The firm has a 50-day simple moving average of $73.56 and a 200 day simple moving average of $69.14. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.27.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, January 29th. The company reported $2.07 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $1.67. The company had revenue of $975.00 million during the quarter, compared to the consensus estimate of $954.74 million. Bread Financial had a return on equity of 17.92% and a net margin of 11.02%.During the same period in the previous year, the firm posted $0.41 earnings per share. On average, sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial announced that its board has initiated a share repurchase plan on Thursday, February 26th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 19% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a dividend of $0.23 per share. The ex-dividend date was Friday, February 27th. This represents a $0.92 dividend on an annualized basis and a yield of 1.3%. Bread Financial's payout ratio is currently 8.49%.

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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