Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 1.7% in the second quarter, HoldingsChannel reports. The firm owned 15,122 shares of the company’s stock after selling 266 shares during the quarter. Amalgamated Bank’s holdings in Bread Financial were worth $674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Arizona State Retirement System boosted its position in Bread Financial by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock valued at $617,000 after purchasing an additional 279 shares during the period. Louisiana State Employees Retirement System boosted its position in Bread Financial by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock valued at $1,110,000 after purchasing an additional 500 shares during the period. CWM LLC raised its stake in Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after acquiring an additional 550 shares in the last quarter. Quadrature Capital Ltd raised its stake in Bread Financial by 2.4% during the 4th quarter. Quadrature Capital Ltd now owns 25,993 shares of the company’s stock valued at $856,000 after acquiring an additional 611 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in Bread Financial by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 10,011 shares of the company’s stock valued at $373,000 after acquiring an additional 688 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays lifted their target price on Bread Financial from $32.00 to $37.00 and gave the company an “underweight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $67.00 target price on shares of Bread Financial in a research note on Monday, June 17th. Bank of America cut their target price on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday. BTIG Research began coverage on Bread Financial in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Finally, The Goldman Sachs Group boosted their price objective on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.71.

Bread Financial Price Performance

Shares of BFH stock opened at $46.73 on Friday. The stock has a 50 day moving average of $52.05 and a two-hundred day moving average of $44.41. 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 12 month low of $26.08 and a 12 month high of $59.66. The company has a market capitalization of $2.32 billion, a P/E ratio of 5.89, a P/E/G ratio of 0.17 and a beta of 1.95.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $1.06. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $922.01 million. During the same period in the prior year, the firm posted $1.27 EPS. Bread Financial’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts expect that Bread Financial Holdings, Inc. will post 7.49 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.80%. Bread Financial’s dividend payout ratio is 10.58%.

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.