Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Denali Advisors LLC

Denali Advisors LLC lessened its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 24.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,174 shares of the company’s stock after selling 38,228 shares during the period. Denali Advisors LLC owned about 0.23% of Bread Financial worth $4,289,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BFH. Federated Hermes Inc. lifted its holdings in Bread Financial by 10,794.2% during the 3rd quarter. Federated Hermes Inc. now owns 33,663 shares of the company’s stock worth $1,151,000 after buying an additional 33,354 shares during the last quarter. Natixis Advisors L.P. bought a new stake in shares of Bread Financial in the 3rd quarter worth approximately $384,000. AQR Capital Management LLC lifted its holdings in shares of Bread Financial by 22.1% in the 3rd quarter. AQR Capital Management LLC now owns 209,051 shares of the company’s stock worth $7,150,000 after purchasing an additional 37,782 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Bread Financial in the 3rd quarter worth approximately $852,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Bread Financial in the 3rd quarter worth approximately $13,687,000. Institutional investors own 99.52% of the company’s stock.

Bread Financial Price Performance

Shares of NYSE:BFH traded down $0.02 during midday trading on Wednesday, reaching $45.39. 273,101 shares of the company’s stock were exchanged, compared to its average volume of 794,254. The company’s 50 day simple moving average is $41.05 and its two-hundred day simple moving average is $37.20. The firm has a market capitalization of $2.25 billion, a PE ratio of 5.77, a price-to-earnings-growth ratio of 0.20 and a beta of 1.98. Bread Financial Holdings, Inc. has a 12 month low of $26.08 and a 12 month high of $46.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $998.96 million. During the same period in the prior year, the business earned $9.08 earnings per share. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. Equities research analysts expect that Bread Financial Holdings, Inc. will post 5.63 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 10th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Thursday, May 9th. Bread Financial’s dividend payout ratio is 10.58%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank of Canada raised their price target on Bread Financial from $38.00 to $45.00 and gave the stock a “sector perform” rating in a report on Thursday, June 20th. BMO Capital Markets raised their target price on Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. BTIG Research initiated coverage on Bread Financial in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Wolfe Research upgraded Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research note on Thursday, April 4th. Finally, Barclays reduced their target price on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research note on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Bread Financial currently has a consensus rating of “Hold” and an average price target of $40.92.

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.