Natixis Advisors LLC Sells 2,381 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Natixis Advisors LLC lowered its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 16.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,239 shares of the company’s stock after selling 2,381 shares during the period. Natixis Advisors LLC’s holdings in Bread Financial were worth $613,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BFH. Curat Global LLC bought a new stake in Bread Financial during the first quarter valued at about $28,000. Versant Capital Management Inc lifted its position in shares of Bread Financial by 182.8% in the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company’s stock valued at $65,000 after acquiring an additional 839 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Bread Financial by 28.0% in the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company’s stock valued at $73,000 after acquiring an additional 319 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Bread Financial in the fourth quarter valued at about $104,000. Finally, Marshall Wace LLP purchased a new position in shares of Bread Financial in the fourth quarter valued at about $200,000. Institutional investors own 99.52% of the company’s stock.

Bread Financial Trading Up 0.3%

BFH opened at $58.41 on Tuesday. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 0.93 and a beta of 1.42. The stock’s 50 day moving average price is $57.76 and its 200-day moving average price is $54.13. Bread Financial Holdings, Inc. has a one year low of $38.21 and a one year high of $66.71. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, July 24th. The company reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $1.29. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%. The firm had revenue of $929.00 million for the quarter, compared to analysts’ expectations of $944.69 million. During the same quarter in the prior year, the firm posted $2.66 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, equities analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.84 annualized dividend and a yield of 1.4%. Bread Financial’s dividend payout ratio is 14.21%.

Analysts Set New Price Targets

BFH has been the topic of several research analyst reports. Barclays restated an “underweight” rating and issued a $52.00 price objective (up from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Wall Street Zen downgraded Bread Financial from a “strong-buy” rating to a “buy” rating in a research report on Saturday. JMP Securities restated a “market perform” rating on shares of Bread Financial in a research report on Monday, April 28th. Royal Bank Of Canada boosted their target price on Bread Financial from $65.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. Finally, BTIG Research set a $105.00 target price on Bread Financial and gave the stock a “buy” rating in a research report on Monday, July 14th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $64.42.

Insider Transactions at Bread Financial

In other news, Director John J. Fawcett acquired 1,027 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The shares were bought at an average price of $61.79 per share, with a total value of $63,458.33. Following the completion of the purchase, the director directly owned 10,302 shares in the company, valued at $636,560.58. This trade represents a 11.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is currently owned by company insiders.

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.