Bread Financial Holdings, Inc. $BFH Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 37.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,781 shares of the company’s stock after selling 5,287 shares during the period. Sterling Capital Management LLC’s holdings in Bread Financial were worth $658,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in BFH. Dimensional Fund Advisors LP lifted its stake in Bread Financial by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 3,076,004 shares of the company’s stock valued at $171,557,000 after purchasing an additional 16,143 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Bread Financial by 17.3% in the fourth quarter. Franklin Resources Inc. now owns 2,029,894 shares of the company’s stock valued at $150,273,000 after buying an additional 299,439 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Bread Financial by 4.4% in the third quarter. American Century Companies Inc. now owns 1,555,968 shares of the company’s stock valued at $86,776,000 after buying an additional 65,223 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Bread Financial by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,159,731 shares of the company’s stock valued at $85,866,000 after acquiring an additional 14,257 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Bread Financial by 21.6% during the 4th quarter. Allianz Asset Management GmbH now owns 1,147,366 shares of the company’s stock valued at $84,940,000 after acquiring an additional 203,707 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Stock Performance

Shares of Bread Financial stock opened at $105.55 on Thursday. Bread Financial Holdings, Inc. has a 12 month low of $53.83 and a 12 month high of $109.91. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.25. The stock has a market cap of $4.27 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 0.98 and a beta of 1.10. The business has a fifty day simple moving average of $92.96 and a 200-day simple moving average of $81.32.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $4.18 earnings per share for the quarter, beating the consensus estimate of $3.00 by $1.18. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $992.05 million. During the same period in the previous year, the firm earned $2.86 earnings per share. Bread Financial’s quarterly revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Bread Financial Announces Dividend

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

Insider Buying and Selling

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 value of $874,929.84. Following the completion of the sale, the director 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 hyperlink. Also, Director John J. Fawcett bought 698 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of $86.43 per share, with a total value of $60,328.14. Following the purchase, the director directly owned 11,000 shares in the company, valued at approximately $950,730. This trade represents a 6.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BFH. Weiss Ratings upgraded 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 Bread Financial from $80.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Royal Bank Of Canada lifted their price target on Bread Financial from $105.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Friday, June 12th. Zacks Research upgraded Bread Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Finally, BTIG Research upped their price objective on shares of Bread Financial from $105.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $98.67.

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.