Yousif Capital Management LLC Sells 1,049 Shares of Bread Financial Holdings, Inc. $BFH

Yousif Capital Management LLC lowered its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,076 shares of the company’s stock after selling 1,049 shares during the period. Yousif Capital Management LLC’s holdings in Bread Financial were worth $1,147,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BFH. Wellington Management Group LLP raised its position in shares of Bread Financial by 45.0% in the 1st quarter. Wellington Management Group LLP now owns 1,320,418 shares of the company’s stock worth $66,127,000 after acquiring an additional 409,877 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Bread Financial by 104.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock worth $36,889,000 after buying an additional 376,920 shares during the last quarter. Invesco Ltd. grew its stake in shares of Bread Financial by 43.6% in the 1st quarter. Invesco Ltd. now owns 529,049 shares of the company’s stock worth $26,495,000 after buying an additional 160,580 shares during the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of Bread Financial by 45.6% in the 1st quarter. Jupiter Asset Management Ltd. now owns 506,168 shares of the company’s stock worth $25,349,000 after buying an additional 158,557 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Bread Financial by 424.9% in the 1st quarter. Quantbot Technologies LP now owns 168,303 shares of the company’s stock worth $8,429,000 after buying an additional 136,239 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

BFH has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Bread Financial in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their price target on Bread Financial from $65.00 to $74.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Barclays dropped their price target on Bread Financial from $52.00 to $50.00 and set an “underweight” rating on the stock in a research note on Monday, October 6th. Evercore ISI dropped their price target on Bread Financial from $68.00 to $64.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 30th. Finally, Morgan Stanley raised their target price on Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $66.20.

Insider Buying and Selling

In related news, Director John J. Fawcett purchased 1,027 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The stock was bought at an average price 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 in the company, valued at approximately $636,560.58. The trade was a 11.07% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.62% of the company’s stock.

Bread Financial Price Performance

NYSE:BFH opened at $61.03 on Wednesday. The stock has a market cap of $2.85 billion, a PE ratio of 10.33, a P/E/G ratio of 0.54 and a beta of 1.41. The business’s 50-day simple moving average is $60.98 and its two-hundred day simple moving average is $56.32. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. Bread Financial Holdings, Inc. has a 52 week low of $38.21 and a 52 week high of $68.01.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $1.29. The firm had revenue of $929.00 million during the quarter, compared to analyst estimates of $944.69 million. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.66 earnings per share. Bread Financial has set its FY 2025 guidance at EPS. As a group, analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business also recently declared 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 1.4%. Bread Financial’s dividend payout ratio (DPR) is currently 14.21%.

Bread Financial declared that its board has approved a stock buyback program on Wednesday, August 27th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.