Bread Financial (NYSE:BFH) CEO Ralph Andretta Sells 15,000 Shares of Stock

Bread Financial Holdings, Inc. (NYSE:BFH) CEO Ralph Andretta sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $89.10, for a total value of $1,336,500.00. Following the transaction, the chief executive officer directly owned 582,241 shares of the company’s stock, valued at $51,877,673.10. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bread Financial Stock Up 0.4%

NYSE:BFH opened at $89.45 on Tuesday. The firm has a market capitalization of $3.61 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 0.84 and a beta of 1.12. The stock has a 50 day moving average of $83.17 and a 200-day moving average of $76.21. Bread Financial Holdings, Inc. has a 52 week low of $49.17 and a 52 week high of $99.13. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.25.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, April 23rd. The company reported $4.18 EPS for the quarter, beating the consensus estimate of $3.00 by $1.18. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $992.05 million. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.86 earnings per share. Analysts predict that Bread Financial Holdings, Inc. will post 10.59 EPS for the current year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.92 annualized dividend and a dividend yield of 1.0%. Bread Financial’s dividend payout ratio is 7.53%.

Bread Financial declared that its board has approved a stock buyback plan on Thursday, February 26th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the company to purchase up to 19% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Bread Financial

A number of institutional investors have recently added to or reduced their stakes in BFH. Kemnay Advisory Services Inc. acquired a new stake in Bread Financial in the fourth quarter worth approximately $28,000. Cullen Frost Bankers Inc. acquired a new stake in Bread Financial in the fourth quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. lifted its position in Bread Financial by 141.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock worth $31,000 after purchasing an additional 329 shares during the period. EverSource Wealth Advisors LLC lifted its position in Bread Financial by 127.2% in the second quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock worth $41,000 after purchasing an additional 398 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Bread Financial by 8,300.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 840 shares of the company’s stock valued at $47,000 after acquiring an additional 830 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered Bread Financial from a “buy” rating to a “hold” rating in a report on Saturday. Keefe, Bruyette & Woods increased their price objective on Bread Financial from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Royal Bank Of Canada set a $105.00 price objective on Bread Financial in a report on Friday, April 24th. TD Cowen increased their price objective on Bread Financial from $80.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Finally, Evercore reissued an “outperform” rating and issued a $99.00 price objective on shares of Bread Financial in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Bread Financial currently has an average rating of “Moderate Buy” and a consensus target price of $94.25.

About Bread Financial

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.