DekaBank Deutsche Girozentrale Takes Position in Bread Financial Holdings, Inc. (NYSE:BFH)

DekaBank Deutsche Girozentrale purchased a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,131 shares of the company’s stock, valued at approximately $369,000.

Several other institutional investors have also recently made changes to their positions in BFH. Rockefeller Capital Management L.P. grew its stake in Bread Financial by 169.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 842 shares of the company’s stock valued at $31,000 after purchasing an additional 530 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Bread Financial by 42.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,011 shares of the company’s stock worth $38,000 after acquiring an additional 300 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Bread Financial in the third quarter worth about $44,000. Quarry LP boosted its holdings in Bread Financial by 903.7% in the first quarter. Quarry LP now owns 1,887 shares of the company’s stock worth $57,000 after acquiring an additional 1,699 shares in the last quarter. Finally, State of Wyoming acquired a new stake in Bread Financial in the second quarter worth about $62,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Down 0.7 %

Bread Financial stock opened at $33.54 on Wednesday. The stock has a market capitalization of $1.66 billion, a PE ratio of 2.34, a price-to-earnings-growth ratio of 0.12 and a beta of 1.93. Bread Financial Holdings, Inc. has a 12 month low of $23.19 and a 12 month high of $41.89. The business has a 50 day simple moving average of $36.79 and a 200-day simple moving average of $32.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.18 and a quick ratio of 1.18.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of ($0.67) by $1.57. The business had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $984.36 million. Bread Financial had a return on equity of 26.24% and a net margin of 13.87%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.68) earnings per share. On average, analysts anticipate that Bread Financial Holdings, Inc. will post 7.03 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 9th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Thursday, February 8th. Bread Financial’s payout ratio is 5.87%.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $30.88, for a total transaction of $926,400.00. Following the completion of the sale, the insider now directly owns 302,973 shares in the company, valued at $9,355,806.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 165,000 shares of company stock worth $5,417,850. 0.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Evercore ISI downgraded Bread Financial from an “in-line” rating to an “underperform” rating and lifted their target price for the stock from $29.00 to $33.00 in a report on Wednesday, January 3rd. JPMorgan Chase & Co. lifted their price target on Bread Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Wolfe Research upgraded Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research report on Thursday, April 4th. Oppenheimer upgraded Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research report on Friday, January 26th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $36.00 price target on shares of Bread Financial in a research report on Friday, January 26th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Bread Financial presently has an average rating of “Hold” and an average price target of $36.55.

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.