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

Several other hedge funds and other institutional investors also recently bought and sold shares of BFH. Mackenzie Financial Corp boosted its holdings in Bread Financial by 0.7% during the first quarter. Mackenzie Financial Corp now owns 40,918 shares of the company's stock worth $2,049,000 after buying an additional 296 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Bread Financial by 28.0% in the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after purchasing an additional 319 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Bread Financial by 10.2% in the first quarter. QRG Capital Management Inc. now owns 4,037 shares of the company's stock valued at $202,000 after buying an additional 373 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Bread Financial by 4.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 9,404 shares of the company's stock worth $574,000 after buying an additional 395 shares in the last quarter. Finally, Hancock Whitney Corp lifted its stake in Bread Financial by 6.9% in the fourth quarter. Hancock Whitney Corp now owns 6,404 shares of the company's stock valued at $391,000 after buying an additional 411 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

Wall Street Analysts Forecast Growth

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

Bread Financial Stock Performance

Shares of Bread Financial stock traded up $1.17 during trading hours on Wednesday, reaching $65.03. The company had a trading volume of 171,614 shares, compared to its average volume of 815,478. The firm has a market cap of $3.03 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42. Bread Financial Holdings, Inc. has a one year low of $38.21 and a one year high of $66.71. The business has a fifty day simple moving average of $59.78 and a 200 day simple moving average of $54.05. 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 released its quarterly earnings data on Thursday, July 24th. The company reported $3.14 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 firm had revenue of $929.00 million for the quarter, compared to the consensus estimate of $944.69 million. During the same quarter in the previous year, the business 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, analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The firm 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 of this dividend is Friday, August 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.3%. Bread Financial's dividend payout ratio (DPR) is presently 14.21%.

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett purchased 1,027 shares of the stock in a transaction that occurred on Wednesday, July 30th. The stock was purchased at an average price of $61.79 per share, with a total value of $63,458.33. Following the acquisition, the director owned 10,302 shares in the company, valued at approximately $636,560.58. The trade was a 11.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.62% of the company's stock.

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.