Bank of New York Mellon Corp Cuts Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Bank of New York Mellon Corp trimmed its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 448,155 shares of the company's stock after selling 26,028 shares during the period. Bank of New York Mellon Corp owned 0.93% of Bread Financial worth $22,444,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Bread Financial by 28.0% during the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock worth $73,000 after acquiring an additional 319 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Bread Financial during the 4th quarter worth $338,000. Janney Montgomery Scott LLC lifted its holdings in shares of Bread Financial by 51.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 32,720 shares of the company's stock worth $1,639,000 after acquiring an additional 11,069 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Bread Financial by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 244,503 shares of the company's stock worth $12,245,000 after acquiring an additional 3,416 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Bread Financial during the 4th quarter worth $23,740,000. 99.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Morgan Stanley boosted their price target on shares of Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th. Barclays reissued an "underweight" rating and issued a $52.00 price target (up from $45.00) on shares of Bread Financial in a research note on Tuesday, July 8th. BTIG Research set a $105.00 price target on shares of Bread Financial and gave the stock a "buy" rating in a research note on Monday, July 14th. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Finally, Jefferies Financial Group boosted their price target on shares of Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $63.92.

Bread Financial Trading Down 0.2%

Shares of NYSE BFH traded down $0.11 during midday trading on Monday, hitting $61.06. 505,163 shares of the company traded hands, compared to its average volume of 868,098. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month high of $66.71. 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 stock has a 50-day moving average price of $55.17 and a 200 day moving average price of $54.18. The firm has a market cap of $2.84 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.14 and a beta of 1.38.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.76. Bread Financial had a net margin of 5.89% and a return on equity of 12.60%. The company had revenue of $970.00 million for the quarter, compared to analysts' expectations of $956.17 million. During the same quarter in the previous year, the company earned $2.73 earnings per share. Bread Financial's quarterly revenue was down 2.1% on a year-over-year basis. As a group, analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 9th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Friday, May 9th. Bread Financial's dividend payout ratio (DPR) is presently 14.92%.

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.