Hsbc Holdings PLC Boosts Stock Position in Bread Financial Holdings, Inc. $BFH

Hsbc Holdings PLC lifted its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 9.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 880,116 shares of the company’s stock after purchasing an additional 78,229 shares during the period. Hsbc Holdings PLC’s holdings in Bread Financial were worth $65,383,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. boosted its stake in Bread Financial by 5.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,535 shares of the company’s stock worth $262,000 after buying an additional 187 shares during the last quarter. Vista Investment Management increased its stake in shares of Bread Financial by 1.1% in the 4th quarter. Vista Investment Management now owns 22,858 shares of the company’s stock worth $1,692,000 after acquiring an additional 241 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Bread Financial by 6.6% during the 4th quarter. Corient Private Wealth LLC now owns 4,206 shares of the company’s stock worth $311,000 after acquiring an additional 259 shares during the period. Versor Investments LP raised its holdings in shares of Bread Financial by 3.8% during the 4th quarter. Versor Investments LP now owns 8,183 shares of the company’s stock worth $606,000 after acquiring an additional 300 shares during the period. Finally, New Age Alpha Advisors LLC boosted its position in shares of Bread Financial by 5.1% during the 4th quarter. New Age Alpha Advisors LLC now owns 6,494 shares of the company’s stock valued at $481,000 after acquiring an additional 318 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BFH shares. Royal Bank Of Canada upped their price objective on shares of Bread Financial from $105.00 to $115.00 and gave the company a “sector perform” rating in a report on Friday, June 12th. Weiss Ratings upgraded shares of Bread Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. TD Cowen increased their price target on shares of Bread Financial from $80.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Barclays raised their price target on shares of Bread Financial from $67.00 to $70.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Finally, Morgan Stanley set a $98.00 price target on shares of Bread Financial in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Bread Financial currently has an average rating of “Moderate Buy” and a consensus target price of $98.67.

Bread Financial Price Performance

BFH stock opened at $102.10 on Monday. The business’s fifty day moving average price is $93.37 and its 200 day moving average price is $81.71. Bread Financial Holdings, Inc. has a 12-month low of $53.83 and a 12-month high of $109.91. 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 company has a market capitalization of $4.13 billion, a PE ratio of 8.36, a P/E/G ratio of 0.90 and a beta of 1.10.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, April 23rd. The company reported $4.18 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $1.18. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $992.05 million. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.Bread Financial’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the business posted $2.86 EPS. On average, sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 10.92 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.92 annualized dividend and a dividend yield of 0.9%. Bread Financial’s dividend payout ratio (DPR) is presently 7.53%.

Insider Activity

In other Bread Financial news, Director Roger H. Ballou sold 9,687 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $90.32, for a total transaction of $874,929.84. Following the sale, the director directly owned 30,079 shares in the company, valued at $2,716,735.28. This represents a 24.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John J. Fawcett bought 698 shares of Bread Financial stock in a transaction on Thursday, May 21st. The shares were acquired at an average price of $86.43 per share, for a total transaction of $60,328.14. Following the completion of the acquisition, the director owned 11,000 shares in the company, valued at $950,730. This represents a 6.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 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.