Great Lakes Advisors LLC Sells 4,058 Shares of Bread Financial Holdings, Inc. $BFH

Key Points

• Great Lakes Advisors LLC reduced its stake in Bread Financial Holdings by 1.6%, selling 4,058 shares and now holds about 0.54% of the company, valued at approximately $12.6 million.
• Institutional investors own 99.52% of Bread Financial's stock, demonstrating strong institutional confidence in the company.
• Shares of Bread Financial are currently trading at $65.51, with a recent earnings report showing a significant beat of estimates at $3.14 EPS against a consensus of $1.85.

Great Lakes Advisors LLC lessened its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,093 shares of the company's stock after selling 4,058 shares during the quarter. Great Lakes Advisors LLC owned 0.54% of Bread Financial worth $12,625,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BFH. Cetera Investment Advisers bought a new stake in Bread Financial during the 4th quarter worth approximately $214,000. Jefferies Financial Group Inc. bought a new stake in shares of Bread Financial during the fourth quarter worth approximately $1,735,000. Interval Partners LP bought a new position in Bread Financial in the fourth quarter valued at approximately $1,090,000. Lighthouse Investment Partners LLC bought a new position in Bread Financial in the fourth quarter valued at approximately $7,523,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Bread Financial by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,303 shares of the company's stock valued at $1,728,000 after acquiring an additional 1,076 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, Director John J. Fawcett purchased 1,027 shares of the firm's stock in a transaction dated Wednesday, July 30th. The stock was bought at an average cost of $61.79 per share, with a total value of $63,458.33. Following the purchase, the director directly 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 SEC, which can be accessed through this link. 0.85% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BFH has been the topic of a number of recent research reports. Barclays reaffirmed an "underweight" rating and issued a $52.00 price objective (up from $45.00) on shares of Bread Financial in a research note on Tuesday, July 8th. Wall Street Zen downgraded shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. 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 research note on Friday, July 25th. Finally, BTIG Research set a $105.00 target price on shares of Bread Financial and gave the company a "buy" rating in a research note on Monday, July 14th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $64.91.

Bread Financial Stock Down 0.1%

BFH traded down $0.05 during trading on Thursday, reaching $64.02. The company had a trading volume of 667,583 shares, compared to its average volume of 473,681. 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 Holdings, Inc. has a 12 month low of $38.21 and a 12 month high of $68.01. The business's fifty day moving average price is $62.02 and its 200 day moving average price is $54.52. The company has a market cap of $2.99 billion, a P/E ratio of 10.83, a PEG ratio of 0.58 and a beta of 1.46.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, topping the consensus estimate of $1.85 by $1.29. The company 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 business's quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the business earned $2.66 EPS. Bread Financial has set its FY 2025 guidance at EPS. Equities analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial declared that its Board of Directors has authorized a stock repurchase program on Wednesday, August 27th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.21 per share. 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 (DPR) is currently 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.