DekaBank Deutsche Girozentrale Invests $369,000 in Bread Financial Holdings, Inc. (NYSE:BFH)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Denali Advisors LLC raised its stake in Bread Financial by 46.8% in the fourth quarter. Denali Advisors LLC now owns 153,402 shares of the company’s stock valued at $5,053,000 after purchasing an additional 48,900 shares in the last quarter. Quantbot Technologies LP grew its position in Bread Financial by 477.6% during the third quarter. Quantbot Technologies LP now owns 39,614 shares of the company’s stock valued at $1,355,000 after acquiring an additional 32,756 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Bread Financial during the third quarter valued at approximately $913,000. American Century Companies Inc. grew its position in Bread Financial by 16.5% during the third quarter. American Century Companies Inc. now owns 610,872 shares of the company’s stock valued at $20,892,000 after acquiring an additional 86,315 shares during the last quarter. Finally, First Hawaiian Bank grew its position in Bread Financial by 17.2% during the fourth quarter. First Hawaiian Bank now owns 8,479 shares of the company’s stock valued at $279,000 after acquiring an additional 1,245 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Stock Performance

NYSE:BFH opened at $33.54 on Wednesday. The stock has a market cap of $1.66 billion, a P/E ratio of 2.34, a price-to-earnings-growth ratio of 0.12 and a beta of 1.93. The firm’s fifty day simple moving average is $36.79 and its 200 day simple moving average is $32.88. Bread Financial Holdings, Inc. has a twelve month low of $23.19 and a twelve month high of $41.89. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.48.

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

Bread Financial Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on BFH. Barclays reduced their price target on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 9th. JPMorgan Chase & Co. increased their price target on shares of Bread Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $36.00 target price on shares of Bread Financial in a report on Friday, January 26th. Oppenheimer upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a report on Friday, January 26th. Finally, Evercore ISI cut shares of Bread Financial from an “in-line” rating to an “underperform” rating and raised their target price for the stock from $29.00 to $33.00 in a report on Wednesday, January 3rd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.55.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, major shareholder Turtle Creek Asset Management sold 30,000 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 302,973 shares of the company’s stock, valued at $9,355,806.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 165,000 shares of company stock valued at $5,417,850. 0.62% of the stock is currently owned by company insiders.

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.