Amundi Has $1.33 Million Stake in Bread Financial Holdings, Inc. $BFH

Key Points

• Amundi has reduced its stake in Bread Financial Holdings by 21.4%, now holding approximately 0.06% of the company's shares, valued at $1,331,000.
• Several institutional investors, including Wellington Management and Point72 Asset Management, significantly increased their positions in Bread Financial, with Wellington boosting its ownership by 45.0%.
• Despite varied analyst ratings, Bread Financial has a current market cap of $2.95 billion and recently reported earnings of $3.14 EPS, surpassing estimates.

Amundi cut its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 21.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,580 shares of the company's stock after selling 7,240 shares during the quarter. Amundi owned approximately 0.06% of Bread Financial worth $1,331,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP grew its position in Bread Financial by 45.0% in the 1st quarter. Wellington Management Group LLP now owns 1,320,418 shares of the company's stock worth $66,127,000 after purchasing an additional 409,877 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Bread Financial by 550.8% in the 4th quarter. Point72 Asset Management L.P. now owns 462,307 shares of the company's stock valued at $28,228,000 after acquiring an additional 391,272 shares in the last quarter. Invesco Ltd. lifted its position in shares of Bread Financial by 43.6% in the 1st quarter. Invesco Ltd. now owns 529,049 shares of the company's stock worth $26,495,000 after acquiring an additional 160,580 shares during the period. Jupiter Asset Management Ltd. lifted its position in shares of Bread Financial by 45.6% in the 1st quarter. Jupiter Asset Management Ltd. now owns 506,168 shares of the company's stock worth $25,349,000 after acquiring an additional 158,557 shares during the period. Finally, Quantbot Technologies LP lifted its position in shares of Bread Financial by 424.9% in the 1st quarter. Quantbot Technologies LP now owns 168,303 shares of the company's stock worth $8,429,000 after acquiring an additional 136,239 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett bought 1,027 shares of the company's stock in a transaction on Wednesday, July 30th. The stock was bought at an average cost of $61.79 per share, with a total value of $63,458.33. Following the completion of the purchase, the director owned 10,302 shares in the company, valued at approximately $636,560.58. The trade was a 11.07% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.85% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Royal Bank Of Canada raised their price objective on Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. BTIG Research set a $105.00 price objective on Bread Financial and gave the stock a "buy" rating in a research report on Monday, July 14th. Wall Street Zen downgraded shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Barclays reaffirmed an "underweight" rating and set a $52.00 price objective (up from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $64.91.

Bread Financial Price Performance

BFH stock traded up $2.17 during trading on Thursday, hitting $63.99. 581,954 shares of the stock traded hands, compared to its average volume of 507,860. Bread Financial Holdings, Inc. has a one year low of $38.21 and a one year high of $68.01. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 0.56 and a beta of 1.46. The company has a 50 day simple moving average of $62.27 and a 200 day simple moving average of $54.85. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36.

Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $1.29. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The company had revenue of $929.00 million during the quarter, compared to the consensus estimate of $944.69 million. During the same period in the previous year, the firm posted $2.66 earnings per share. The company's revenue was down 1.1% on a year-over-year basis. Bread Financial has set its FY 2025 guidance at EPS. Equities analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial declared that its Board of Directors has authorized a share buyback program on Wednesday, August 27th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 8th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.3%. Bread Financial's payout ratio is currently 14.21%.

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.