WINTON GROUP Ltd Sells 78,851 Shares of Bread Financial Holdings, Inc. $BFH

Key Points

• WINTON GROUP Ltd cut its Bread Financial stake by 88.6% in the second quarter, selling 78,851 shares and retaining 10,171 shares valued at approximately $1.1 million. Institutional investors collectively own 99.52% of BFH.
• Bread Financial reported stronger-than-expected quarterly results, with EPS of $3.55 versus a $2.74 consensus and revenue of $993 million, up 6.9% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $112.29.
• The company declared a quarterly dividend of $0.23 per share, equivalent to $0.92 annually and a 0.9% yield. A company director also sold 2,802 shares worth roughly $297,000.

WINTON GROUP Ltd trimmed its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 88.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,171 shares of the company's stock after selling 78,851 shares during the quarter. WINTON GROUP Ltd's holdings in Bread Financial were worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new stake in Bread Financial during the 2nd quarter worth approximately $30,000. Kemnay Advisory Services Inc. bought a new position in Bread Financial in the 4th quarter valued at $28,000. Cullen Frost Bankers Inc. acquired a new position in Bread Financial in the fourth quarter worth $29,000. IFP Advisors Inc boosted its stake in Bread Financial by 125.8% in the second quarter. IFP Advisors Inc now owns 490 shares of the company's stock worth $53,000 after purchasing an additional 273 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Bread Financial by 58.7% during the first quarter. Pacer Advisors Inc. now owns 614 shares of the company's stock worth $46,000 after purchasing an additional 227 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BFH. TD Cowen increased their price objective on shares of Bread Financial from $103.00 to $114.00 and gave the stock a "hold" rating in a report on Friday, July 24th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $115.00 target price on shares of Bread Financial in a research report on Friday, July 24th. Seaport Research Partners reissued a "buy" rating and set a $119.00 price target on shares of Bread Financial in a research note on Monday, July 27th. Keefe, Bruyette & Woods reissued an "outperform" rating on shares of Bread Financial in a report on Wednesday, June 10th. Finally, The Goldman Sachs Group boosted their price objective on shares of Bread Financial from $94.00 to $108.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $112.29.

Bread Financial Stock Performance

Shares of NYSE:BFH opened at $106.28 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Bread Financial Holdings, Inc. has a 1-year low of $53.83 and a 1-year high of $114.53. The stock has a market capitalization of $4.08 billion, a P/E ratio of 8.29, a P/E/G ratio of 0.67 and a beta of 1.10. The business has a 50-day moving average price of $105.73 and a two-hundred day moving average price of $92.71.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The company had revenue of $993.00 million for the quarter, compared to analyst estimates of $959.32 million. During the same quarter last year, the firm earned $3.15 EPS. The company's revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts predict that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.23 per share. The ex-dividend date is Monday, August 31st. This represents a $0.92 annualized dividend and a dividend yield of 0.9%. Bread Financial's payout ratio is presently 7.18%.

Insider Activity at Bread Financial

In other news, Director Praniti Lakhwara sold 2,802 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total value of $297,348.24. Following the transaction, the director owned 4,458 shares of the company's stock, valued at $473,082.96. This represents a 38.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.30% of the company's stock.

About Bread Financial

Bread Financial Corporation NYSE: BFH is a financial services company that provides payment, lending and savings solutions for consumers and businesses. Its offerings include private-label and co-branded credit cards, installment loans, buy now, pay later financing and direct-to-consumer savings products.

The company works with retailers and brands to design and manage customized credit programs, including account servicing, underwriting, transaction processing and customer engagement services.

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