Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 62.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,131 shares of the company’s stock after selling 7,000 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Bread Financial were worth $176,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BFH. Charles Schwab Investment Management Inc. increased its position in shares of Bread Financial by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock worth $22,140,000 after purchasing an additional 37,005 shares during the last quarter. Norges Bank acquired a new position in shares of Bread Financial in the 4th quarter worth approximately $14,365,000. Trexquant Investment LP boosted its position in shares of Bread Financial by 222.9% during the 4th quarter. Trexquant Investment LP now owns 24,853 shares of the company’s stock worth $819,000 after purchasing an additional 17,156 shares during the period. Quest Partners LLC acquired a new stake in Bread Financial in the 4th quarter valued at approximately $145,000. Finally, Assetmark Inc. raised its position in Bread Financial by 1,064,362.5% in the fourth quarter. Assetmark Inc. now owns 85,157 shares of the company’s stock valued at $2,805,000 after purchasing an additional 85,149 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Performance

NYSE:BFH opened at $52.47 on Friday. The firm has a market capitalization of $2.60 billion, a PE ratio of 6.61, a price-to-earnings-growth ratio of 0.16 and a beta of 1.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. The business’s fifty day moving average price is $52.38 and its 200 day moving average price is $44.06. Bread Financial Holdings, Inc. has a 12 month low of $26.08 and a 12 month high of $59.66.

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

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders 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 annualized dividend and a dividend yield of 1.60%. Bread Financial’s dividend payout ratio is presently 10.58%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BFH. Keefe, Bruyette & Woods restated an “outperform” rating and set a $67.00 price target on shares of Bread Financial in a research report on Monday, June 17th. Barclays lifted their target price on Bread Financial from $32.00 to $37.00 and gave the company an “underweight” rating in a research report on Friday, July 26th. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th. Bank of America raised their price objective on shares of Bread Financial from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Finally, Jefferies Financial Group upped their target price on shares of Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Bread Financial presently has an average rating of “Hold” and an average target price of $50.00.

About Bread Financial

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.