Sei Investments Co. Sells 35,480 Shares of Bread Financial Holdings, Inc. $BFH

Sei Investments Co. lowered its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 22.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 122,177 shares of the company’s stock after selling 35,480 shares during the period. Sei Investments Co.’s holdings in Bread Financial were worth $9,150,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Bread Financial by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,086,060 shares of the company’s stock valued at $231,111,000 after acquiring an additional 9,854 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Bread Financial by 17.3% in the 4th quarter. Franklin Resources Inc. now owns 2,029,894 shares of the company’s stock worth $150,273,000 after purchasing an additional 299,439 shares in the last quarter. Geode Capital Management LLC grew its position in Bread Financial by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,159,731 shares of the company’s stock valued at $85,866,000 after purchasing an additional 14,257 shares during the period. Allianz Asset Management GmbH grew its position in Bread Financial by 21.6% in the 4th quarter. Allianz Asset Management GmbH now owns 1,147,366 shares of the company’s stock valued at $84,940,000 after purchasing an additional 203,707 shares during the period. Finally, Hsbc Holdings PLC grew its position in Bread Financial by 14.7% in the 1st quarter. Hsbc Holdings PLC now owns 1,009,890 shares of the company’s stock valued at $74,667,000 after purchasing an additional 129,774 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Trading Down 2.6%

NYSE BFH opened at $107.69 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $99.51 and a 200 day simple moving average of $85.13. Bread Financial Holdings, Inc. has a 12 month low of $53.83 and a 12 month high of $111.13. The firm has a market capitalization of $4.14 billion, a P/E ratio of 8.40, a PEG ratio of 0.70 and a beta of 1.10.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The firm had revenue of $992.00 million for the quarter, compared to the consensus estimate of $959.32 million. During the same period in the previous year, the firm earned $3.15 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts predict that Bread Financial Holdings, Inc. will post 11.82 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 31st. Bread Financial’s dividend payout ratio (DPR) is presently 7.18%.

Analysts Set New Price Targets

BFH has been the topic of several research reports. Loop Capital began coverage on shares of Bread Financial in a report on Thursday, May 21st. They set a “buy” rating and a $104.00 price objective on the stock. Morgan Stanley set a $107.00 price objective on shares of Bread Financial in a report on Friday, July 24th. Evercore reissued an “outperform” rating and set a $116.00 target price on shares of Bread Financial in a research report on Monday, July 6th. Bank of America restated a “buy” rating and issued a $108.00 target price on shares of Bread Financial in a report on Wednesday, June 10th. Finally, Wolfe Research reaffirmed a “positive” rating on shares of Bread Financial in a research report on Wednesday, June 10th. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Bread Financial currently has an average rating of “Hold” and a consensus target price of $110.00.

Insider Buying and Selling

In related news, CEO Ralph J. Andretta sold 15,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $89.10, for a total transaction of $1,336,500.00. Following the transaction, the chief executive officer directly owned 582,241 shares in the company, valued at approximately $51,877,673.10. The trade was a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John J. Fawcett acquired 698 shares of Bread Financial stock in a transaction on Thursday, May 21st. The stock was purchased at an average cost of $86.43 per share, with a total value of $60,328.14. Following the completion of the transaction, the director directly owned 11,000 shares in the company, valued at $950,730. This represents a 6.78% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.30% of the stock is owned by corporate insiders.

Bread Financial Profile

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.