Bridgeway Capital Management LLC Sells 6,230 Shares of Bread Financial Holdings, Inc. $BFH

Bridgeway Capital Management LLC lowered its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 341,090 shares of the company’s stock after selling 6,230 shares during the period. Bread Financial accounts for 0.5% of Bridgeway Capital Management LLC’s holdings, making the stock its 20th biggest position. Bridgeway Capital Management LLC owned about 0.75% of Bread Financial worth $25,251,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kemnay Advisory Services Inc. bought a new stake in shares of Bread Financial during the 4th quarter worth approximately $28,000. Cullen Frost Bankers Inc. bought a new stake in shares of Bread Financial during the 4th quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Bread Financial by 141.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock worth $31,000 after purchasing an additional 329 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake 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 worth $41,000 after purchasing an additional 398 shares in the last quarter. Finally, First Horizon Corp bought a new stake in shares of Bread Financial during the 4th quarter worth approximately $56,000. Institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Down 0.1%

BFH stock opened at $101.52 on Thursday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $4.10 billion, a PE ratio of 8.31, a PEG ratio of 0.88 and a beta of 1.12. Bread Financial Holdings, Inc. has a 1-year low of $51.37 and a 1-year high of $105.20. The business’s 50 day simple moving average is $88.43 and its 200 day simple moving average is $78.95.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, April 23rd. The company reported $4.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $1.18. The business had revenue of $1.02 billion for 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 firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.86 EPS. As a group, research analysts anticipate that Bread Financial Holdings, Inc. will post 10.65 EPS for the current year.

Bread Financial declared that its Board of Directors has approved a share repurchase plan on Thursday, February 26th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 19% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.9%. Bread Financial’s payout ratio is presently 7.53%.

Insider Buying and Selling

In related news, Director Roger H. Ballou sold 9,687 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $90.32, for a total transaction of $874,929.84. Following the transaction, the director directly owned 30,079 shares of the company’s stock, valued at approximately $2,716,735.28. The trade was a 24.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ralph J. Andretta sold 15,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 582,241 shares in the company, valued at approximately $51,877,673.10. This represents 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. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BFH shares. Zacks Research upgraded Bread Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Loop Capital started coverage on Bread Financial in a research note on Thursday, May 21st. They set a “buy” rating and a $104.00 price objective on the stock. TD Cowen upped their price objective on Bread Financial from $80.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Evercore reiterated an “outperform” rating and set a $99.00 price objective on shares of Bread Financial in a research note on Wednesday, April 29th. Finally, Wolfe Research reiterated a “positive” rating on shares of Bread Financial in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.42.

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.