Great Lakes Advisors LLC Cuts Stock Holdings in 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 decreased its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 1.6% during the first quarter, according to its most recent 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 about 0.54% of Bread Financial worth $12,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of BFH. Cetera Investment Advisers bought a new stake in Bread Financial during the 4th quarter valued at $214,000. Jefferies Financial Group Inc. bought a new stake in Bread Financial during the 4th quarter valued at $1,735,000. Interval Partners LP bought a new stake in Bread Financial during the 4th quarter valued at $1,090,000. Lighthouse Investment Partners LLC bought a new stake in Bread Financial during the 4th quarter valued at $7,523,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Bread Financial by 4.0% during the 4th 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 period. Institutional investors own 99.52% of the company's stock.

Insider Transactions at Bread Financial

In related news, Director John J. Fawcett bought 1,027 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The stock was 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 of the company's stock, valued at approximately $636,560.58. The trade was a 11.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.62% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. BTIG Research set a $105.00 target price on shares of Bread Financial and gave the company a "buy" rating in a report on Monday, July 14th. Barclays reaffirmed an "underweight" rating and issued a $52.00 price target (up previously from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Wall Street Zen cut shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada upped 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. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Bread Financial currently has an average rating of "Hold" and an average target price of $64.91.

Bread Financial Price Performance

Shares of Bread Financial stock traded down $0.77 during trading on Friday, hitting $63.16. The stock had a trading volume of 616,181 shares, compared to its average volume of 490,825. Bread Financial Holdings, Inc. has a 12 month low of $38.21 and a 12 month high of $68.01. The business's 50-day moving average is $62.07 and its 200 day moving average is $54.60. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 10.69, a P/E/G ratio of 0.57 and a beta of 1.46. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36.

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

Bread Financial declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 27th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 8th were given a $0.21 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.84 annualized dividend and a yield of 1.3%. Bread Financial's payout ratio is 14.21%.

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.