Amundi Has $1.33 Million Stock Holdings 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 lowered its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 21.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,580 shares of the company's stock after selling 7,240 shares during the quarter. Amundi owned 0.06% of Bread Financial worth $1,331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mackenzie Financial Corp grew its stake in Bread Financial by 0.7% during the first quarter. Mackenzie Financial Corp now owns 40,918 shares of the company's stock worth $2,049,000 after buying an additional 296 shares during the last quarter. GAMMA Investing LLC grew its stake in Bread Financial by 28.0% during the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock worth $73,000 after buying an additional 319 shares during the last quarter. QRG Capital Management Inc. grew its stake in Bread Financial by 10.2% during the first quarter. QRG Capital Management Inc. now owns 4,037 shares of the company's stock worth $202,000 after buying an additional 373 shares during the last quarter. Federated Hermes Inc. grew its stake in Bread Financial by 1.4% during the first quarter. Federated Hermes Inc. now owns 31,082 shares of the company's stock worth $1,557,000 after buying an additional 441 shares during the last quarter. Finally, Curat Global LLC bought a new stake in Bread Financial during the first quarter worth about $28,000. Institutional investors own 99.52% of the company's stock.

Bread Financial Trading Up 1.0%

NYSE BFH traded up $0.66 during trading hours on Monday, hitting $63.84. The company's stock had a trading volume of 503,567 shares, compared to its average volume of 490,825. The stock has a fifty day moving average of $62.16 and a 200 day moving average of $54.66. Bread Financial Holdings, Inc. has a twelve month low of $38.21 and a twelve month high of $68.01. The firm has a market capitalization of $2.98 billion, a P/E ratio of 10.80, a PEG ratio of 0.57 and a beta of 1.46. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.36.

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

Bread Financial Dividend Announcement

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

Bread Financial announced that its board has authorized a stock buyback program on Wednesday, August 27th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

BFH has been the topic of several research analyst reports. Royal Bank Of Canada upped their price objective on shares of Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Wall Street Zen cut shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. 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, July 14th. Finally, 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. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $64.91.

Insiders Place Their Bets

In other news, Director John J. Fawcett bought 1,027 shares of the business's stock in a transaction on Wednesday, July 30th. The shares were bought at an average cost of $61.79 per share, for a total transaction of $63,458.33. Following the completion of the acquisition, the director owned 10,302 shares in the company, valued at approximately $636,560.58. This trade represents a 11.07% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by corporate insiders.

Bread Financial Company 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.