Bread Financial Holdings, Inc. $BFH Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its stake in Bread Financial Holdings by 13.7% during the 1st quarter, now owning approximately 2.69% of the company's shares valued at $62.2 million.
• Bread Financial reported $3.14 EPS, exceeding analyst estimates of $1.85, though its revenue was down 1.1% year-over-year at $929 million.
• The company announced a quarterly dividend of $0.21 per share, with an annualized dividend yield of 1.4% and a dividend payout ratio of 14.21%.

Hsbc Holdings PLC reduced its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 13.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,253,837 shares of the company's stock after selling 198,672 shares during the quarter. Hsbc Holdings PLC owned approximately 2.69% of Bread Financial worth $62,216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BFH. Castlekeep Investment Advisors LLC acquired a new position in shares of Bread Financial during the fourth quarter worth about $104,000. Wellington Management Group LLP grew its position in shares of Bread Financial by 45.0% during 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. Point72 Asset Management L.P. boosted its holdings in Bread Financial by 550.8% in the fourth quarter. Point72 Asset Management L.P. now owns 462,307 shares of the company's stock valued at $28,228,000 after purchasing an additional 391,272 shares in the last quarter. Azora Capital LP purchased a new position in Bread Financial in the fourth quarter valued at approximately $13,545,000. Finally, Invesco Ltd. increased its stake in Bread Financial by 43.6% in the first quarter. Invesco Ltd. now owns 529,049 shares of the company's stock valued at $26,495,000 after purchasing an additional 160,580 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Royal Bank Of Canada increased their price target on shares of Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Morgan Stanley increased their price target on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. Barclays reiterated an "underweight" rating and issued a $52.00 price target (up from $45.00) on shares of Bread Financial in a research note on Tuesday, July 8th. Finally, BTIG Research set a $105.00 price target on shares of Bread Financial and gave the company a "buy" rating in a research note on Monday, July 14th. Four investment 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. Based on data from MarketBeat, Bread Financial has an average rating of "Hold" and an average price target of $64.91.

Insider Buying and Selling at Bread Financial

In other news, Director John J. Fawcett acquired 1,027 shares of the firm's stock in a transaction dated Wednesday, July 30th. The stock was acquired at an average cost of $61.79 per share, with a total value of $63,458.33. Following the completion of the acquisition, the director owned 10,302 shares of the company's stock, valued at $636,560.58. The trade was a 11.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.62% of the company's stock.

Bread Financial Stock Performance

Shares of BFH stock traded up $0.76 during trading hours on Tuesday, hitting $63.61. The stock had a trading volume of 171,086 shares, compared to its average volume of 817,277. The firm has a market capitalization of $2.97 billion, a PE ratio of 10.79, a PEG ratio of 0.98 and a beta of 1.42. Bread Financial Holdings, Inc. has a twelve month low of $38.21 and a twelve month high of $66.71. The stock's 50 day moving average is $59.54 and its 200 day moving average is $53.99. 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 (NYSE:BFH - Get Free Report) last posted 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. The business had revenue of $929.00 million during the quarter, compared to the consensus estimate of $944.69 million. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The company's revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.66 earnings per share. Bread Financial has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

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

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.