Bread Financial Holdings, Inc. $BFH Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its holdings in Bread Financial by 8.4%, bringing its stake to 186,305 shares valued at approximately $9.33 million.
• Bread Financial reported $3.14 EPS for the quarter, significantly exceeding estimates, with a revenue of $929 million, slightly below expectations.
• The company declared a quarterly dividend of $0.21 per share, with a record date of August 8th, representing a 1.4% dividend yield.

Russell Investments Group Ltd. trimmed its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,305 shares of the company's stock after selling 17,071 shares during the period. Russell Investments Group Ltd. owned about 0.40% of Bread Financial worth $9,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC acquired a new stake in Bread Financial during the fourth quarter worth about $104,000. Hsbc Holdings PLC grew its holdings in Bread Financial by 1.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,452,509 shares of the company's stock worth $89,299,000 after acquiring an additional 13,679 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Bread Financial by 10.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,241,566 shares of the company's stock worth $75,810,000 after acquiring an additional 120,237 shares during the period. Pzena Investment Management LLC grew its holdings in Bread Financial by 0.8% in the first quarter. Pzena Investment Management LLC now owns 728,204 shares of the company's stock valued at $36,468,000 after purchasing an additional 6,065 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Bread Financial by 12.1% in the fourth quarter. Northern Trust Corp now owns 601,255 shares of the company's stock worth $36,713,000 after acquiring an additional 65,138 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Trading Up 4.8%

Shares of BFH stock traded up $2.8620 on Friday, hitting $62.4320. The stock had a trading volume of 501,015 shares, compared to its average volume of 574,693. The company's 50 day moving average price is $59.33 and its 200-day moving average price is $53.98. 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 1 year low of $38.21 and a 1 year high of $66.71. The firm has a market capitalization of $2.91 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.98 and a beta of 1.42.

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. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The company had revenue of $929.00 million for the quarter, compared to the consensus estimate of $944.69 million. During the same quarter in the prior year, the business earned $2.66 EPS. Bread Financial's revenue was down 1.1% on a year-over-year basis. Bread Financial has set its FY 2025 guidance at EPS. Analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.3%. Bread Financial's dividend payout ratio is 14.21%.

Insiders Place Their Bets

In related news, Director John J. Fawcett purchased 1,027 shares of the business's stock in a transaction on Wednesday, July 30th. The shares were bought at an average price of $61.79 per share, for a total transaction of $63,458.33. Following the acquisition, the director directly 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.62% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BFH. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Wall Street Zen downgraded Bread Financial from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Barclays reiterated an "underweight" rating and set a $52.00 price objective (up previously from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. BTIG Research set a $105.00 target price on Bread Financial and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Morgan Stanley lifted their target price on Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Bread Financial presently has an average rating of "Hold" and an average price target 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.