Hsbc Holdings PLC Invests $98.76 Million in Bread Financial Holdings, Inc. $BFH

Hsbc Holdings PLC acquired a new position in Bread Financial Holdings, Inc. (NYSE:BFH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 907,458 shares of the company’s stock, valued at approximately $98,764,000. Hsbc Holdings PLC owned approximately 2.36% of Bread Financial at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in Bread Financial by 2.6% during the second quarter. GAMMA Investing LLC now owns 3,842 shares of the company’s stock valued at $416,000 after buying an additional 99 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Bread Financial by 5.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,535 shares of the company’s stock valued at $262,000 after acquiring an additional 187 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Bread Financial by 58.7% in the 1st quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock valued at $46,000 after acquiring an additional 227 shares during the last quarter. Vista Investment Management boosted its holdings in Bread Financial by 1.1% during the 4th quarter. Vista Investment Management now owns 22,858 shares of the company’s stock valued at $1,692,000 after acquiring an additional 241 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in Bread Financial by 6.6% during the 4th quarter. Corient Private Wealth LLC now owns 4,206 shares of the company’s stock valued at $311,000 after acquiring an additional 259 shares during the period. 99.52% of the stock is currently owned by institutional investors.

Insider Transactions at Bread Financial

In other Bread Financial news, CEO Ralph J. Andretta sold 15,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 582,241 shares in the company, valued at $51,877,673.10. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Praniti Lakhwara sold 2,802 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total transaction of $297,348.24. Following the completion of the sale, the director owned 4,458 shares of the company’s stock, valued at $473,082.96. This trade represents a 38.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BFH shares. Morgan Stanley set a $107.00 price target on shares of Bread Financial in a report on Friday, July 24th. UBS Group increased their target price on shares of Bread Financial from $120.00 to $127.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Bread Financial in a research note on Wednesday, June 10th. Zacks Research downgraded Bread Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Seaport Research Partners restated a “buy” rating and set a $119.00 price target on shares of Bread Financial in a report on Monday, July 27th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Bread Financial presently has an average rating of “Hold” and an average target price of $112.08.

Bread Financial Stock Down 0.0%

Shares of Bread Financial stock opened at $107.60 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $105.13 and its two-hundred day simple moving average is $89.97. The company has a market cap of $4.13 billion, a P/E ratio of 8.39, a PEG ratio of 0.68 and a beta of 1.11. Bread Financial Holdings, Inc. has a 12-month low of $53.83 and a 12-month high of $114.53.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The business had revenue of $993.00 million during the quarter, compared to analyst estimates of $959.32 million. During the same period in the prior year, the business earned $3.15 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts anticipate that Bread Financial Holdings, Inc. will post 12.1 EPS for the current year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.23 per share. The ex-dividend date is Monday, August 31st. This represents a $0.92 annualized dividend and a dividend yield of 0.9%. Bread Financial’s payout ratio is currently 7.18%.

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.