Deutsche Bank AG Buys New Shares in Bread Financial Holdings, Inc. $BFH

Deutsche Bank AG bought a new position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 66,993 shares of the company's stock, valued at approximately $7,259,000. Deutsche Bank AG owned about 0.17% of Bread Financial at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in shares of Bread Financial by 5,814.5% in the first quarter. Fifth Third Bancorp now owns 17,566 shares of the company's stock valued at $1,315,000 after purchasing an additional 17,269 shares during the period. UBS Group AG lifted its holdings in shares of Bread Financial by 100.4% during the fourth quarter. UBS Group AG now owns 716,725 shares of the company's stock worth $53,059,000 after purchasing an additional 359,088 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Bread Financial by 38,301.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 215,815 shares of the company's stock worth $15,977,000 after purchasing an additional 215,253 shares during the period. Bank of America Corp DE lifted its holdings in shares of Bread Financial by 18.1% during the first quarter. Bank of America Corp DE now owns 630,225 shares of the company's stock worth $47,198,000 after purchasing an additional 96,771 shares during the period. Finally, Intech Investment Management LLC increased its holdings in Bread Financial by 240.1% in the 4th quarter. Intech Investment Management LLC now owns 156,689 shares of the company's stock worth $11,600,000 after buying an additional 110,616 shares during the period. Hedge funds and other institutional investors own 99.52% of the company's stock.

Bread Financial Trading Up 0.3%

Shares of NYSE:BFH opened at $106.26 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 0.67 and a beta of 1.11. Bread Financial Holdings, Inc. has a 1 year low of $53.83 and a 1 year high of $114.53. The business's 50 day moving average price is $104.82 and its 200-day moving average price is $89.33.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, beating analysts' consensus estimates of $2.74 by $0.81. The firm had revenue of $993.00 million for the quarter, compared to analyst estimates of $959.32 million. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. Bread Financial's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $3.15 EPS. On average, equities research analysts forecast that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 31st. Bread Financial's payout ratio is presently 7.18%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Evercore reissued an "outperform" rating and set a $116.00 price target on shares of Bread Financial in a research report on Monday, July 6th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Bread Financial in a report on Wednesday, June 10th. The Goldman Sachs Group increased their price objective on shares of Bread Financial from $94.00 to $108.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 7th. Zacks Research cut shares of Bread Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Finally, Seaport Research Partners restated a "buy" rating and set a $119.00 target price on shares of Bread Financial in a research report on Monday, July 27th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $110.58.

Insider Buying and Selling at Bread Financial

In related news, CEO Ralph J. Andretta sold 15,000 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $89.10, for a total value of $1,336,500.00. Following the completion of the transaction, the chief executive officer directly owned 582,241 shares of the company's stock, valued at approximately $51,877,673.10. This represents a 2.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Praniti Lakhwara sold 2,802 shares of the firm's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total value of $297,348.24. Following the completion of the transaction, the director owned 4,458 shares in the company, valued at $473,082.96. The trade was a 38.60% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is currently owned by corporate insiders.

Bread Financial Company Profile

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.

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