Deutsche Bank AG Sells 55,375 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Deutsche Bank AG decreased its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 581,468 shares of the company's stock after selling 55,375 shares during the quarter. Deutsche Bank AG owned about 1.17% of Bread Financial worth $35,504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hennessy Advisors Inc. bought a new stake in shares of Bread Financial during the 4th quarter valued at about $3,480,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Bread Financial during the 4th quarter worth approximately $213,000. Janney Montgomery Scott LLC grew its stake in Bread Financial by 15.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,651 shares of the company's stock worth $1,322,000 after purchasing an additional 2,944 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Bread Financial by 3.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 84,876 shares of the company's stock worth $5,183,000 after buying an additional 2,995 shares during the last quarter. Finally, KBC Group NV increased its holdings in Bread Financial by 36.1% in the fourth quarter. KBC Group NV now owns 2,103 shares of the company's stock valued at $128,000 after buying an additional 558 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BFH. Jefferies Financial Group boosted their target price on Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. Morgan Stanley boosted their price objective on shares of Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Barclays lifted their target price on Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a research note on Friday, January 31st. The Goldman Sachs Group reduced their price target on shares of Bread Financial from $68.00 to $58.00 and set a "sell" rating for the company in a research report on Tuesday, March 18th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $60.27.

Bread Financial Stock Down 1.0%

Shares of BFH stock traded down $0.52 during trading hours on Monday, reaching $53.43. 66,653 shares of the stock were exchanged, compared to its average volume of 872,878. The business's fifty day moving average is $48.59 and its two-hundred day moving average is $55.78. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month high of $66.71. The firm has a market capitalization of $2.49 billion, a P/E ratio of 9.62, a P/E/G ratio of 1.25 and a beta of 1.33.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.86 EPS for the quarter, topping analysts' consensus estimates of $2.10 by $0.76. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. The business had revenue of $970.00 million during the quarter, compared to the consensus estimate of $956.17 million. During the same period in the prior year, the firm posted $2.73 EPS. The business's revenue for the quarter was down 2.1% on a year-over-year basis. As a group, research analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 9th will be paid a $0.21 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.57%. Bread Financial's dividend payout ratio is currently 14.92%.

Bread Financial declared that its Board of Directors has authorized a share buyback program on Wednesday, March 5th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to buy up to 6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

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.