Federated Hermes Inc. Sells 447 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Federated Hermes Inc. decreased its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,304 shares of the company’s stock after selling 447 shares during the quarter. Federated Hermes Inc. owned about 0.06% of Bread Financial worth $1,350,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BFH. Norges Bank bought a new stake in shares of Bread Financial in the fourth quarter worth about $14,365,000. Jacobs Levy Equity Management Inc. grew its holdings in Bread Financial by 86.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 485,113 shares of the company’s stock valued at $18,066,000 after buying an additional 224,545 shares in the last quarter. Basswood Capital Management L.L.C. bought a new stake in Bread Financial in the 4th quarter worth approximately $7,263,000. Vanguard Group Inc. raised its holdings in shares of Bread Financial by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock worth $217,766,000 after acquiring an additional 216,274 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Bread Financial by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock valued at $51,754,000 after acquiring an additional 212,276 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Trading Down 1.1 %

BFH stock opened at $52.47 on Friday. Bread Financial Holdings, Inc. has a 12 month low of $26.08 and a 12 month high of $59.66. The firm’s 50-day moving average is $52.38 and its 200 day moving average is $44.06. The company has a market capitalization of $2.60 billion, a PE ratio of 6.61, a P/E/G 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.

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

Bread Financial Announces Dividend

The company also recently declared 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, August 9th. Bread Financial’s payout ratio is 10.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Evercore ISI raised shares of Bread Financial from an “underperform” rating to an “in-line” rating and upped their price target for the company from $42.00 to $45.00 in a research note on Thursday, June 20th. 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 research report on Friday, July 26th. BTIG Research assumed coverage on Bread Financial in a research report on Friday, June 7th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. upped their price objective on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, The Goldman Sachs Group raised their price objective on Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Bread Financial presently has an average rating of “Hold” and an average price target 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.