Charles Schwab Investment Management Inc. Decreases Position in Bread Financial Holdings, Inc. $BFH

Key Points

• Charles Schwab Investment Management reduced its position in Bread Financial Holdings, Inc. by 5.6%, owning approximately 1.46% of the company worth $34 million after selling 40,646 shares.
• Director John J. Fawcett bought 1,027 shares at $61.79 each, increasing his ownership to 10,302 shares valued at around $636,560.
• Bread Financial announced a quarterly dividend of $0.21 per share, yielding 1.4%, payable on September 12th to shareholders of record as of August 8th.

Charles Schwab Investment Management Inc. decreased its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 680,011 shares of the company's stock after selling 40,646 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.46% of Bread Financial worth $34,055,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BFH. Curat Global LLC acquired a new stake in Bread Financial in the first quarter valued at approximately $28,000. Versant Capital Management Inc raised its holdings in Bread Financial by 182.8% in the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock valued at $65,000 after acquiring an additional 839 shares in the last quarter. GAMMA Investing LLC raised its holdings in Bread Financial by 28.0% in the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after acquiring an additional 319 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Bread Financial in the fourth quarter valued at approximately $104,000. Finally, Marshall Wace LLP acquired a new stake in Bread Financial in the fourth quarter valued at approximately $200,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Price Performance

BFH stock traded up $0.02 on Thursday, reaching $59.66. 253,173 shares of the company's stock were exchanged, compared to its average volume of 826,394. The stock has a fifty day moving average of $58.98 and a 200-day moving average of $54.10. Bread Financial Holdings, Inc. has a twelve month low of $38.21 and a twelve month high of $66.71. The firm has a market cap of $2.78 billion, a PE ratio of 10.09, a P/E/G ratio of 0.94 and a beta of 1.42. 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 (NYSE:BFH - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $944.69 million. During the same quarter in the prior year, the company posted $2.66 earnings per share. Bread Financial's quarterly revenue was down 1.1% on a year-over-year basis. Bread Financial has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently weighed in on BFH shares. Barclays reaffirmed an "underweight" rating and issued a $52.00 target price (up previously from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Wall Street Zen lowered shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. 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. Finally, 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. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $64.91.

Insider Buying and Selling

In other news, Director John J. Fawcett bought 1,027 shares of the firm's stock in a transaction on Wednesday, July 30th. The shares were bought at an average cost of $61.79 per share, for a total transaction of $63,458.33. Following the completion of the transaction, the director owned 10,302 shares in the company, valued at $636,560.58. This trade represents a 11.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.85% 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.