Bread Financial Holdings, Inc. $BFH Shares Sold by Entropy Technologies LP

Key Points

• Entropy Technologies LP reduced its stake in Bread Financial Holdings, Inc. by 44.7% during the first quarter, ending with 8,393 shares valued at approximately $420,000.
• Investors can expect a quarterly dividend of $0.21 per share, with a yield of 1.4% and a dividend payout ratio of 14.21% announced for September 12th.
• Several analysts have revised their price targets for Bread Financial, with Barclays setting theirs at $52.00, while Royal Bank of Canada increased theirs to $74.00.

Entropy Technologies LP reduced its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 44.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,393 shares of the company's stock after selling 6,795 shares during the period. Entropy Technologies LP's holdings in Bread Financial were worth $420,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of 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 acquiring an additional 319 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Bread Financial by 15.0% during the first quarter. Envestnet Asset Management Inc. now owns 10,816 shares of the company's stock worth $542,000 after buying an additional 1,412 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Bread Financial by 2.9% during the first quarter. Allianz Asset Management GmbH now owns 488,316 shares of the company's stock worth $24,455,000 after buying an additional 13,656 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Bread Financial during the fourth quarter worth $338,000. Finally, Principal Financial Group Inc. boosted its holdings in Bread Financial by 1.4% during the first quarter. Principal Financial Group Inc. now owns 244,503 shares of the company's stock worth $12,245,000 after buying an additional 3,416 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Bread Financial

In other news, Director John J. Fawcett acquired 1,027 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The stock was purchased 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 approximately $636,560.58. This trade represents a 11.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BFH. Royal Bank Of Canada increased their price target on shares of Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a report on Monday, April 28th. Morgan Stanley increased their price target on shares of Bread Financial from $36.00 to $39.00 and gave the stock 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 stock a "buy" rating in a report on Monday, July 14th. Finally, Barclays restated an "underweight" rating and set a $52.00 price objective (up from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $64.42.

Bread Financial Price Performance

Shares of NYSE BFH traded up $0.06 during mid-day trading on Monday, reaching $59.76. The company's stock had a trading volume of 219,613 shares, compared to its average volume of 831,478. The stock has a 50-day moving average of $58.55 and a two-hundred day moving average of $54.05. The stock has a market capitalization of $2.79 billion, a P/E ratio of 10.11, a P/E/G ratio of 0.96 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $66.71.

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, beating analysts' consensus estimates of $1.85 by $1.29. The business had revenue of $929.00 million during 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 company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.66 earnings per share. On average, equities research analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

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