Bread Financial Holdings, Inc. $BFH Position Reduced by Vanguard Group Inc.

Key Points

• The Vanguard Group Inc. reduced its stake in Bread Financial Holdings, Inc. by 5.5%, now owning approximately 11.87% of the company, valued at $276.77 million.
• Bread Financial reported earnings of $3.14 per share for the latest quarter, significantly surpassing analyst expectations of $1.85, although revenue fell short at $929 million.
• The company announced a quarterly dividend of $0.21 per share, with a yield of 1.4%, to be paid on September 12th.

Vanguard Group Inc. lessened its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 5.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,526,579 shares of the company's stock after selling 321,916 shares during the period. Vanguard Group Inc. owned 11.87% of Bread Financial worth $276,771,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Bread Financial by 4.4% in 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. Summit Investment Advisors Inc. lifted its holdings in shares of Bread Financial by 3.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,202 shares of the company's stock worth $318,000 after acquiring an additional 184 shares during the last quarter. Barclays PLC lifted its holdings in shares of Bread Financial by 3,844.5% in the 4th quarter. Barclays PLC now owns 87,696 shares of the company's stock worth $5,355,000 after acquiring an additional 90,038 shares during the last quarter. Mariner LLC lifted its holdings in Bread Financial by 15.0% during the 4th quarter. Mariner LLC now owns 7,544 shares of the company's stock valued at $461,000 after buying an additional 985 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Bread Financial in the 4th quarter worth approximately $200,000. Institutional investors own 99.52% of the company's stock.

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett acquired 1,027 shares of the stock in a transaction on Wednesday, July 30th. The shares were bought at an average cost of $61.79 per share, with a total value of $63,458.33. Following the transaction, the director owned 10,302 shares of the company's stock, valued at approximately $636,560.58. This trade represents a 11.07% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.85% of the stock is owned by company insiders.

Bread Financial Price Performance

BFH stock traded down $0.0950 during mid-day trading on Thursday, hitting $59.5450. The company had a trading volume of 133,947 shares, compared to its average volume of 825,620. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month high of $66.71. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 10.07, a P/E/G ratio of 0.94 and a beta of 1.42. The company has a 50-day moving average price of $58.98 and a 200 day moving average price of $54.10.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $3.14 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $1.29. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The business had revenue of $929.00 million for the quarter, compared to analyst estimates of $944.69 million. During the same period last year, the company posted $2.66 earnings per share. The company's quarterly revenue was down 1.1% compared to the same quarter last year. Bread Financial has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, August 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.4%. Bread Financial's dividend payout ratio is 14.21%.

Analysts Set New Price Targets

BFH has been the topic of several recent research reports. Morgan Stanley upped their price objective on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a report on Monday, May 12th. BTIG Research set a $105.00 price target on shares of Bread Financial and gave the company a "buy" rating in a research report on Monday, July 14th. Barclays reiterated an "underweight" rating and issued a $52.00 price objective (up from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Royal Bank Of Canada upped their target price on shares of Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Finally, 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. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Bread Financial currently has an average rating of "Hold" and a consensus target price of $64.91.

Bread Financial Company 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.