ProShare Advisors LLC Trims Stock Holdings in Bread Financial Holdings, Inc. $BFH

ProShare Advisors LLC cut its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 13.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,419 shares of the company’s stock after selling 1,575 shares during the period. ProShare Advisors LLC’s holdings in Bread Financial were worth $595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Campbell & CO Investment Adviser LLC purchased a new position in Bread Financial during the 2nd quarter worth $1,713,000. Los Angeles Capital Management LLC raised its holdings in shares of Bread Financial by 14.2% in the second quarter. Los Angeles Capital Management LLC now owns 17,837 shares of the company’s stock valued at $1,019,000 after buying an additional 2,218 shares during the last quarter. Prospera Financial Services Inc boosted its stake in shares of Bread Financial by 4.3% during the second quarter. Prospera Financial Services Inc now owns 8,574 shares of the company’s stock worth $490,000 after buying an additional 352 shares during the period. Savant Capital LLC grew its holdings in shares of Bread Financial by 64.0% during the second quarter. Savant Capital LLC now owns 9,386 shares of the company’s stock worth $536,000 after buying an additional 3,664 shares during the last quarter. Finally, Brooktree Capital Management increased its position in Bread Financial by 1.4% in the 2nd quarter. Brooktree Capital Management now owns 156,082 shares of the company’s stock valued at $8,915,000 after acquiring an additional 2,189 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BFH shares. The Goldman Sachs Group increased their price objective on Bread Financial from $60.00 to $68.00 and gave the stock a “sell” rating in a research report on Friday, October 24th. Morgan Stanley set a $55.00 price target on Bread Financial and gave the stock an “underweight” rating in a report on Friday, October 24th. Zacks Research upgraded shares of Bread Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Wall Street Zen cut shares of Bread Financial from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Bread Financial from $88.00 to $71.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Bread Financial currently has a consensus rating of “Hold” and a consensus target price of $70.00.

Bread Financial Trading Up 1.1%

Shares of BFH stock opened at $60.61 on Wednesday. The business’s fifty day moving average price is $60.84 and its 200 day moving average price is $58.80. The firm has a market capitalization of $2.77 billion, a PE ratio of 6.17, a P/E/G ratio of 0.50 and a beta of 1.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.18. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $68.01.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, October 23rd. The company reported $4.02 EPS for the quarter, beating 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 company had revenue of $161.00 million during the quarter, compared to the consensus estimate of $974.30 million. During the same quarter last year, the company earned $1.83 earnings per share. Bread Financial’s quarterly revenue was down 1.2% compared to the same quarter last year. Bread Financial has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 7th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, November 7th. This is an increase from Bread Financial’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 1.5%. Bread Financial’s dividend payout ratio (DPR) is currently 9.37%.

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

Bread Financial Company 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.