Hsbc Holdings PLC Takes $98.76 Million Position in Bread Financial Holdings, Inc. $BFH

Hsbc Holdings PLC bought a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 907,458 shares of the company’s stock, valued at approximately $98,764,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Kemnay Advisory Services Inc. purchased a new position in Bread Financial in the 4th quarter worth about $28,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Bread Financial during the 4th quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Bread Financial during the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Bread Financial by 127.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock valued at $41,000 after acquiring an additional 398 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Bread Financial by 58.7% in the first quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock worth $46,000 after acquiring an additional 227 shares during the period. Institutional investors own 99.52% of the company’s stock.

Bread Financial Price Performance

Shares of Bread Financial stock opened at $107.60 on Thursday. The stock’s 50-day simple moving average is $105.13 and its 200-day simple moving average is $89.97. Bread Financial Holdings, Inc. has a 52 week low of $53.83 and a 52 week high of $114.53. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 0.68 and a beta of 1.11. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.25.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The firm had revenue of $993.00 million during the quarter, compared to analyst estimates of $959.32 million. During the same quarter in the prior year, the business earned $3.15 earnings per share. Bread Financial’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts expect that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BFH shares. BTIG Research boosted their target price on shares of Bread Financial from $105.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Wall Street Zen upgraded Bread Financial from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Wolfe Research raised Bread Financial from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective for the company in a report on Tuesday. UBS Group upped their price objective on Bread Financial from $120.00 to $127.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $115.00 target price on shares of Bread Financial in a report on Friday, July 24th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $112.08.

Insider Activity at Bread Financial

In related news, Director Praniti Lakhwara sold 2,802 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total transaction of $297,348.24. Following the transaction, the director directly owned 4,458 shares in the company, valued at approximately $473,082.96. This represents a 38.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ralph J. Andretta sold 15,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $89.10, for a total value of $1,336,500.00. Following the completion of the sale, the chief executive officer owned 582,241 shares in the company, valued at approximately $51,877,673.10. The trade was a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.

Bread Financial Company Profile

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.