DekaBank Deutsche Girozentrale Sells 7,000 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

DekaBank Deutsche Girozentrale cut its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 62.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,131 shares of the company’s stock after selling 7,000 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Bread Financial were worth $176,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of Bread Financial by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock valued at $22,140,000 after buying an additional 37,005 shares in the last quarter. Norges Bank bought a new stake in shares of Bread Financial in the fourth quarter worth $14,365,000. Trexquant Investment LP increased its holdings in Bread Financial by 222.9% in the fourth quarter. Trexquant Investment LP now owns 24,853 shares of the company’s stock valued at $819,000 after purchasing an additional 17,156 shares during the period. Quest Partners LLC acquired a new position in shares of Bread Financial in the fourth quarter worth approximately $145,000. Finally, Assetmark Inc. boosted its stake in shares of Bread Financial by 1,064,362.5% in the 4th quarter. Assetmark Inc. now owns 85,157 shares of the company’s stock valued at $2,805,000 after purchasing an additional 85,149 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Stock Performance

BFH stock opened at $52.47 on Friday. The stock has a market capitalization of $2.60 billion, a PE ratio of 6.61, a price-to-earnings-growth ratio of 0.16 and a beta of 1.95. The stock’s 50 day simple moving average is $52.38 and its 200 day simple moving average is $44.06. Bread Financial Holdings, Inc. has a 12-month low of $26.08 and a 12-month high of $59.66. 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 (NYSE:BFH) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.66 EPS for the quarter, topping the consensus estimate of $1.60 by $1.06. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The company had revenue of $939.00 million during the quarter, compared to analyst estimates of $922.01 million. During the same quarter in the previous year, the company posted $1.27 earnings per share. Bread Financial’s revenue was down 1.4% compared to the same quarter last year. As a group, research analysts forecast that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were given a dividend of $0.21 per share. The ex-dividend date was Friday, August 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.60%. Bread Financial’s dividend payout ratio is currently 10.58%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th. JPMorgan Chase & Co. raised their price objective on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group boosted their target price on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. Barclays increased their target price on shares of Bread Financial from $32.00 to $37.00 and gave the company an “underweight” rating in a research report on Friday, July 26th. Finally, BTIG Research initiated coverage on Bread Financial in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Bread Financial currently has an average rating of “Hold” and a consensus price target of $50.00.

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.