Nomura Holdings Inc. Boosts Holdings in Bread Financial Holdings, Inc. $BFH

Key Points

• Nomura Holdings Inc. increased its holdings in Bread Financial Holdings by 22.0% during the first quarter, now owning approximately 0.46% of the company valued at $10.66 million.
• Bread Financial reported $3.14 earnings per share, exceeding estimates, and had a revenue of $929 million for the quarter, which is a 1.1% decline from the previous year.
• The company declared a quarterly dividend of $0.21 per share, yielding 1.3%, and announced a stock buyback program, indicating belief in its stock being undervalued.

Nomura Holdings Inc. raised its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 22.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 212,841 shares of the company's stock after purchasing an additional 38,430 shares during the period. Nomura Holdings Inc. owned approximately 0.46% of Bread Financial worth $10,659,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BFH. Curat Global LLC bought a new stake in Bread Financial in the first quarter valued at approximately $28,000. Versant Capital Management Inc raised its holdings in shares of Bread Financial by 182.8% during the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock worth $65,000 after acquiring an additional 839 shares during the period. GAMMA Investing LLC raised its holdings in shares of Bread Financial by 28.0% during the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock worth $73,000 after acquiring an additional 319 shares during the period. State of Wyoming acquired a new stake in shares of Bread Financial during the first quarter worth $92,000. Finally, Castlekeep Investment Advisors LLC acquired a new stake in shares of Bread Financial during the fourth quarter worth $104,000. Institutional investors own 99.52% of the company's stock.

Insiders Place Their Bets

In other Bread Financial news, Director John J. Fawcett bought 1,027 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were purchased at an average price of $61.79 per share, for a total transaction of $63,458.33. Following the acquisition, the director owned 10,302 shares in the company, valued at approximately $636,560.58. This represents a 11.07% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.85% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on BFH shares. Wall Street Zen downgraded shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Morgan Stanley raised their target price on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. Royal Bank Of Canada raised their target price on shares of Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Barclays reissued an "underweight" rating and issued a $52.00 price objective (up previously from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Finally, BTIG Research set a $105.00 price objective on shares of Bread Financial and gave the company a "buy" rating in a report on Monday, July 14th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, Bread Financial has an average rating of "Hold" and a consensus target price of $64.91.

Bread Financial Stock Performance

NYSE:BFH traded down $0.69 on Friday, reaching $66.29. 348,647 shares of the company's stock were exchanged, compared to its average volume of 807,700. The stock has a fifty day simple moving average of $61.39 and a 200-day simple moving average of $54.32. 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 52 week low of $38.21 and a 52 week high of $68.01. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 0.60 and a beta of 1.46.

Bread Financial (NYSE:BFH - Get Free Report) last issued its 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. The firm had revenue of $929.00 million for the quarter, compared to analysts' expectations of $944.69 million. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The business's revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the business earned $2.66 earnings per share. Bread Financial has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial announced that its Board of Directors has approved a share buyback plan on Wednesday, August 27th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Bread Financial Announces Dividend

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

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.