Yousif Capital Management LLC Sells 415 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Yousif Capital Management LLC cut its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 28,342 shares of the company’s stock after selling 415 shares during the quarter. Yousif Capital Management LLC’s holdings in Bread Financial were worth $934,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Deutsche Bank AG grew its stake in shares of Bread Financial by 586.5% in the 3rd quarter. Deutsche Bank AG now owns 712,566 shares of the company’s stock worth $24,370,000 after buying an additional 608,769 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Bread Financial in the third quarter worth about $13,687,000. Mizuho Markets Americas LLC grew its position in Bread Financial by 1,331.0% in the third quarter. Mizuho Markets Americas LLC now owns 302,905 shares of the company’s stock worth $10,359,000 after acquiring an additional 281,738 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in Bread Financial by 188.1% during the third quarter. Jupiter Asset Management Ltd. now owns 414,720 shares of the company’s stock worth $14,183,000 after acquiring an additional 270,750 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Bread Financial by 33.5% during the third quarter. Bank of New York Mellon Corp now owns 1,055,263 shares of the company’s stock valued at $36,090,000 after purchasing an additional 265,060 shares during the period. Institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Down 1.0 %

Shares of NYSE BFH opened at $40.81 on Friday. Bread Financial Holdings, Inc. has a 52-week low of $23.19 and a 52-week high of $41.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a 50 day moving average price of $36.73 and a 200 day moving average price of $33.34. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 5.14, a PEG ratio of 0.18 and a beta of 1.92.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.19). Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The firm had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. During the same quarter in the previous year, the firm earned $9.08 earnings per share. The business’s revenue was down 23.1% compared to the same quarter last year. Sell-side analysts expect that Bread Financial Holdings, Inc. will post 5.72 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 10th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 9th. Bread Financial’s payout ratio is 10.58%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on Bread Financial from $31.00 to $33.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Royal Bank of Canada reiterated a “sector perform” rating and set a $36.00 price objective on shares of Bread Financial in a research report on Friday, January 26th. JPMorgan Chase & Co. raised their target price on shares of Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a report on Thursday, April 4th. Finally, Argus downgraded shares of Bread Financial from a “buy” rating to a “hold” rating in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Bread Financial presently has an average rating of “Hold” and a consensus price target of $39.17.

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.