Hsbc Holdings PLC Buys 129,774 Shares of Bread Financial Holdings, Inc. $BFH

Hsbc Holdings PLC grew its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 14.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,009,890 shares of the company’s stock after acquiring an additional 129,774 shares during the quarter. Hsbc Holdings PLC’s holdings in Bread Financial were worth $74,667,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its stake in shares of Bread Financial by 5.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,535 shares of the company’s stock worth $262,000 after purchasing an additional 187 shares during the last quarter. Vista Investment Management raised its holdings in Bread Financial by 1.1% in the fourth quarter. Vista Investment Management now owns 22,858 shares of the company’s stock worth $1,692,000 after purchasing an additional 241 shares in the last quarter. Corient Private Wealth LLC raised its holdings in Bread Financial by 6.6% in the fourth quarter. Corient Private Wealth LLC now owns 4,206 shares of the company’s stock worth $311,000 after purchasing an additional 259 shares in the last quarter. Versor Investments LP lifted its position in shares of Bread Financial by 3.8% during the fourth quarter. Versor Investments LP now owns 8,183 shares of the company’s stock valued at $606,000 after buying an additional 300 shares during the last quarter. Finally, New Age Alpha Advisors LLC lifted its position in shares of Bread Financial by 5.1% during the fourth quarter. New Age Alpha Advisors LLC now owns 6,494 shares of the company’s stock valued at $481,000 after buying an additional 318 shares during the last quarter. 99.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BFH has been the topic of a number of analyst reports. Evercore reaffirmed an “outperform” rating and issued a $116.00 price objective on shares of Bread Financial in a research report on Monday, July 6th. UBS Group increased their target price on shares of Bread Financial from $94.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. The Goldman Sachs Group lifted their price target on shares of Bread Financial from $94.00 to $108.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. Loop Capital initiated coverage on Bread Financial in a research report on Thursday, May 21st. They set a “buy” rating and a $104.00 price target on the stock. Finally, Royal Bank Of Canada increased their price objective on Bread Financial from $105.00 to $115.00 and gave the company a “sector perform” rating in a report on Friday, June 12th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $107.92.

Bread Financial Price Performance

Shares of BFH opened at $99.33 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.15 and a quick ratio of 1.15. The company’s fifty day moving average price is $95.66 and its 200-day moving average price is $83.24. Bread Financial Holdings, Inc. has a 1-year low of $53.83 and a 1-year high of $109.91. The firm has a market capitalization of $4.01 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 0.88 and a beta of 1.10.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, April 23rd. The company reported $4.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $1.18. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $992.05 million. During the same quarter last year, the business posted $2.86 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts predict that Bread Financial Holdings, Inc. will post 10.98 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.23 dividend. 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 dividend payout ratio is currently 7.53%.

Insider Transactions at Bread Financial

In related news, Director Roger H. Ballou sold 9,687 shares of the company’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 value of $874,929.84. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $1,336,500.00. Following the completion of the transaction, the chief executive officer owned 582,241 shares in the company, valued at approximately $51,877,673.10. This trade represents a 2.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.30% of the company’s stock.

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.