Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. reduced its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 62.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,598 shares of the company’s stock after selling 2,689 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Bread Financial were worth $71,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arizona State Retirement System boosted its position in Bread Financial by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock valued at $617,000 after buying an additional 279 shares during the last quarter. Point72 DIFC Ltd lifted its stake in shares of Bread Financial by 30.0% in the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after acquiring an additional 397 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Bread Financial by 2.0% in the second 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 last quarter. CWM LLC grew 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 purchasing an additional 550 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its holdings in Bread Financial by 3.3% during the 2nd quarter. Ensign Peak Advisors Inc now owns 18,592 shares of the company’s stock worth $828,000 after purchasing an additional 600 shares during the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Price Performance

Shares of NYSE BFH opened at $48.35 on Friday. The firm’s 50-day simple moving average is $51.58 and its 200 day simple moving average is $44.74. The stock has a market cap of $2.40 billion, a P/E ratio of 6.09, a P/E/G ratio of 0.17 and a beta of 1.94. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. Bread Financial Holdings, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $59.66.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 9.77% and a return on equity of 16.24%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $1.27 earnings per share. Equities analysts expect that Bread Financial Holdings, Inc. will post 7.49 EPS for the current year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.84 annualized dividend and a yield of 1.74%. Bread Financial’s dividend payout ratio is currently 10.58%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays increased 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. The Goldman Sachs Group boosted their price objective on Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a report on Monday, July 29th. Evercore ISI upgraded Bread Financial from an “underperform” rating to an “in-line” rating and lifted their target price for the stock from $42.00 to $45.00 in a research report on Thursday, June 20th. Compass Point raised their price objective on Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $67.00 target price on shares of Bread Financial in a report on Monday, June 17th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Bread Financial has an average rating of “Hold” and a consensus target price of $49.71.

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.