Bread Financial Holdings, Inc. $BFH Shares Sold by Hsbc Holdings PLC

by · The Cerbat Gem

Hsbc Holdings PLC cut its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH – Free Report) by 21.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 978,946 shares of the company’s stock after selling 274,891 shares during the quarter. Hsbc Holdings PLC owned 2.10% of Bread Financial worth $56,474,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of BFH. Envestnet Asset Management Inc. boosted its stake in Bread Financial by 15.0% during the first quarter. Envestnet Asset Management Inc. now owns 10,816 shares of the company’s stock valued at $542,000 after buying an additional 1,412 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Bread Financial by 19.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,629 shares of the company’s stock worth $783,000 after acquiring an additional 2,579 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Bread Financial by 0.7% in the 1st quarter. Mackenzie Financial Corp now owns 40,918 shares of the company’s stock valued at $2,049,000 after acquiring an additional 296 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Bread Financial by 1.4% during the 1st quarter. Federated Hermes Inc. now owns 31,082 shares of the company’s stock valued at $1,557,000 after purchasing an additional 441 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Bread Financial by 6.9% during the 1st quarter. US Bancorp DE now owns 16,122 shares of the company’s stock valued at $807,000 after purchasing an additional 1,035 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank Of Canada increased their target price on shares of Bread Financial from $64.00 to $70.00 and gave the company a “sector perform” rating in a research note on Friday, October 24th. The Goldman Sachs Group increased their price objective on Bread Financial from $60.00 to $68.00 and gave the company a “sell” rating in a research report on Friday, October 24th. TD Cowen raised their price objective on Bread Financial from $63.00 to $68.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Barclays boosted their target price on Bread Financial from $50.00 to $52.00 and gave the stock an “underweight” rating in a research report on Friday, October 24th. Finally, Cowen reiterated a “hold” rating on shares of Bread Financial in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $70.00.

Get Our Latest Analysis on Bread Financial

Bread Financial Stock Up 0.4%

NYSE:BFH opened at $67.73 on Monday. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 0.50 and a beta of 1.51. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $68.71. The company has a current ratio of 1.19, a quick ratio of 1.18 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average price is $61.15 and its 200 day moving average price is $59.58.

Bread Financial (NYSE:BFH – Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $4.02 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $1.91. Bread Financial had a return on equity of 15.97% and a net margin of 10.08%.The firm had revenue of $161.00 million during the quarter, compared to analyst estimates of $974.30 million. During the same period last year, the company posted $1.83 EPS. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. Bread Financial has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 7th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, November 7th. This is a boost from Bread Financial’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 1.4%. Bread Financial’s payout ratio is presently 9.37%.

Bread Financial announced that its board has initiated a share repurchase program on Wednesday, August 27th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

About Bread Financial

(Free Report)

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.

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