Axa S.A. Sells 23,548 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Axa S.A. decreased its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 39.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,900 shares of the company’s stock after selling 23,548 shares during the period. Axa S.A.’s holdings in Bread Financial were worth $1,600,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Bread Financial in the 4th quarter valued at about $14,365,000. Allianz Asset Management GmbH purchased a new stake in Bread Financial in the fourth quarter valued at approximately $1,823,000. Basswood Capital Management L.L.C. purchased a new stake in Bread Financial in the fourth quarter valued at approximately $7,263,000. Azora Capital LP bought a new stake in Bread Financial during the fourth quarter valued at approximately $5,292,000. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in Bread Financial by 20.0% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 392,260 shares of the company’s stock worth $12,921,000 after buying an additional 65,450 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BFH. Jefferies Financial Group raised their price objective on shares of Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, July 9th. Bank of America dropped their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Compass Point increased their price objective on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Barclays boosted their target price on Bread Financial from $32.00 to $37.00 and gave the stock an “underweight” rating in a research report on Friday, July 26th. Finally, Evercore ISI upgraded shares of Bread Financial from an “underperform” rating to an “in-line” rating and increased their price target for the company from $42.00 to $45.00 in a research report on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $49.71.

Bread Financial Price Performance

Shares of BFH opened at $47.58 on Tuesday. Bread Financial Holdings, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $59.66. The firm’s 50-day simple moving average is $52.05 and its two-hundred day simple moving average is $44.50. The stock has a market cap of $2.36 billion, a PE ratio of 5.96, a price-to-earnings-growth ratio of 0.17 and a beta of 1.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 1.19.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $1.06. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $922.01 million. During the same quarter in the previous year, the business earned $1.27 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts anticipate that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Friday, August 9th. Bread Financial’s payout ratio is 10.58%.

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.