Hsbc Holdings PLC Sells 188,047 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Hsbc Holdings PLC decreased its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 11.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,475,549 shares of the company’s stock after selling 188,047 shares during the period. Hsbc Holdings PLC owned about 2.98% of Bread Financial worth $65,559,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Pzena Investment Management LLC lifted its position in shares of Bread Financial by 14.0% in the fourth quarter. Pzena Investment Management LLC now owns 807,557 shares of the company’s stock worth $26,601,000 after purchasing an additional 99,029 shares in the last quarter. Jennison Associates LLC bought a new stake in Bread Financial during the 1st quarter worth about $631,000. Bridgeway Capital Management LLC boosted its stake in shares of Bread Financial by 10.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 528,003 shares of the company’s stock worth $17,392,000 after buying an additional 50,474 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Bread Financial in the 1st quarter valued at about $623,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Bread Financial by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock valued at $22,140,000 after acquiring an additional 37,005 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Price Performance

Shares of NYSE BFH opened at $53.06 on Friday. The firm has a market cap of $2.63 billion, a P/E ratio of 6.68, a price-to-earnings-growth ratio of 0.16 and a beta of 1.95. The business’s 50 day moving average is $52.28 and its 200-day moving average is $43.96. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. Bread Financial Holdings, Inc. has a 1-year low of $26.08 and a 1-year high of $59.66.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $1.06. The company had revenue of $939.00 million during the quarter, compared to the consensus estimate of $922.01 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 earnings per share. Equities research analysts predict that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 9th were given a dividend of $0.21 per share. The ex-dividend date was Friday, August 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.58%. Bread Financial’s payout ratio is presently 10.58%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Royal Bank of Canada raised their price target on Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. BTIG Research initiated coverage on shares of Bread Financial in a report on Friday, June 7th. They set a “neutral” rating on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a research report on Thursday, June 20th. JPMorgan Chase & Co. lifted their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, Compass Point upped their target price on shares of Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $50.00.

Bread Financial Profile

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.