Xponance Inc. Sells 634 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Xponance Inc. trimmed its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 7.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,639 shares of the company’s stock after selling 634 shares during the quarter. Xponance Inc.’s holdings in Bread Financial were worth $383,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BFH. Castlekeep Investment Advisors LLC acquired a new position in shares of Bread Financial during the fourth quarter worth approximately $104,000. Point72 Asset Management L.P. lifted its position in shares of Bread Financial by 550.8% during the fourth quarter. Point72 Asset Management L.P. now owns 462,307 shares of the company’s stock worth $28,228,000 after purchasing an additional 391,272 shares in the last quarter. Norges Bank acquired a new position in shares of Bread Financial during the fourth quarter worth approximately $23,740,000. Franklin Resources Inc. lifted its position in shares of Bread Financial by 31.1% during the fourth quarter. Franklin Resources Inc. now owns 1,207,404 shares of the company’s stock worth $73,724,000 after purchasing an additional 286,720 shares in the last quarter. Finally, Azora Capital LP acquired a new position in shares of Bread Financial during the fourth quarter worth approximately $13,545,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Trading Down 1.8%

BFH opened at $61.20 on Friday. The firm’s fifty day moving average is $55.17 and its two-hundred day moving average is $54.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $2.85 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38. Bread Financial Holdings, Inc. has a twelve month low of $38.21 and a twelve month high of $66.71.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, April 24th. The company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.76. The company had revenue of $970.00 million for the quarter, compared to analyst estimates of $956.17 million. Bread Financial had a net margin of 5.89% and a return on equity of 12.60%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $2.73 earnings per share. Equities research analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 9th were issued a $0.21 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.84 annualized dividend and a yield of 1.37%. Bread Financial’s dividend payout ratio (DPR) is presently 14.92%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BFH shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Bread Financial in a research report on Monday. Barclays reiterated an “underweight” rating and set a $52.00 target price (up from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. BTIG Research set a $105.00 target price on shares of Bread Financial and gave the stock a “buy” rating in a research report on Monday. Jefferies Financial Group increased their price objective on shares of Bread Financial from $45.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, April 24th. Finally, Morgan Stanley raised their price objective on shares of Bread Financial from $36.00 to $39.00 and gave the company an “underweight” rating in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $63.92.

About Bread Financial

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.