Bread Financial Holdings, Inc. $BFH Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 26.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,102 shares of the company’s stock after selling 2,206 shares during the quarter. HighTower Advisors LLC’s holdings in Bread Financial were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Bread Financial by 28.0% during the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company’s stock worth $73,000 after buying an additional 319 shares during the period. Envestnet Asset Management Inc. raised its holdings in Bread Financial by 15.0% during the 1st 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 during the period. Allianz Asset Management GmbH raised its holdings in Bread Financial by 2.9% during the 1st 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 during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Bread Financial during the 4th quarter worth about $338,000. Finally, Principal Financial Group Inc. raised its holdings in Bread Financial by 1.4% during the 1st 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 during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, Director John J. Fawcett acquired 1,027 shares of Bread Financial 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 completion of the transaction, the director 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Bread Financial Stock Down 1.0%

BFH opened at $65.51 on Wednesday. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $67.33. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 1.04 and a beta of 1.46. The business has a 50 day moving average of $60.98 and a 200-day moving average of $54.21.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $944.69 million. During the same period in the prior year, the business earned $2.66 earnings per share. Bread Financial’s revenue for the quarter 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 announced that its board has authorized a stock repurchase plan on Wednesday, August 27th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be given a $0.21 dividend. 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 is currently 14.21%.

Wall Street Analysts Forecast Growth

BFH has been the topic of several recent analyst reports. Barclays restated an “underweight” rating and set a $52.00 price objective (up previously from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Morgan Stanley boosted their price objective on Bread Financial from $36.00 to $39.00 and gave the stock an “underweight” rating in a report on Monday, May 12th. Royal Bank Of Canada boosted their price objective on Bread Financial from $65.00 to $74.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. BTIG Research set a $105.00 price objective on Bread Financial and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Wall Street Zen downgraded Bread Financial from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Bread Financial currently has an average rating of “Hold” and an average price target of $64.91.

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.