Bread Financial Holdings, Inc. $BFH Stock Position Decreased by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its position 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 (SEC). The fund owned 8,781 shares of the company’s stock after selling 5,287 shares during the quarter. 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 (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in Bread Financial by 223.4% during the fourth quarter. Millennium Management LLC now owns 665,812 shares of the company’s stock valued at $49,290,000 after acquiring an additional 459,916 shares in the last quarter. Bank of America Corp DE grew its position in Bread Financial by 241.1% in the second quarter. Bank of America Corp DE now owns 537,656 shares of the company’s stock worth $30,711,000 after acquiring an additional 380,039 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Bread Financial by 104.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock worth $36,889,000 after purchasing an additional 376,920 shares during the last quarter. UBS Group AG increased its stake in shares of Bread Financial by 100.4% during the 4th quarter. UBS Group AG now owns 716,725 shares of the company’s stock worth $53,059,000 after purchasing an additional 359,088 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Bread Financial by 899.4% during the 1st quarter. SG Americas Securities LLC now owns 350,061 shares of the company’s stock valued at $26,216,000 after purchasing an additional 315,034 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Stock Performance

Shares of BFH opened at $105.55 on Thursday. The company has a market capitalization 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. Bread Financial Holdings, Inc. has a one year low of $53.83 and a one year high of $109.91. 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 $92.96 and its 200 day moving average price is $81.32.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, April 23rd. The company reported $4.18 earnings per share (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 net margin of 11.90% and a return on equity of 18.79%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.86 earnings per share. As a group, analysts expect that Bread Financial Holdings, Inc. will post 10.62 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders 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 yield of 0.9%. Bread Financial’s dividend payout ratio (DPR) is 7.53%.

Insiders Place Their Bets

In related news, Director John J. Fawcett acquired 698 shares of the stock in a transaction dated 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 purchase, the director owned 11,000 shares in the company, valued at approximately $950,730. The trade was a 6.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Roger H. Ballou sold 9,687 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $90.32, for a total transaction of $874,929.84. Following the completion of the sale, the director owned 30,079 shares in the company, valued at approximately $2,716,735.28. The trade was a 24.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

BFH has been the subject of several analyst reports. Bank of America reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Bread Financial in a research note on Wednesday, June 10th. Wolfe Research reaffirmed a “positive” rating on shares of Bread Financial in a research report on Wednesday, June 10th. Evercore reiterated an “outperform” rating and set a $99.00 price target on shares of Bread Financial in a research note on Wednesday, April 29th. Morgan Stanley set a $98.00 price objective on Bread Financial in a report on Friday, April 24th. Finally, Weiss Ratings raised Bread Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. One 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.67.

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.