6,000 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Acquired by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC acquired a new stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,000 shares of the company's stock, valued at approximately $366,000.

Other institutional investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its holdings in shares of Bread Financial by 2.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company's stock valued at $443,000 after purchasing an additional 175 shares during the period. CIBC Asset Management Inc raised its stake in Bread Financial by 4.4% during the 4th quarter. CIBC Asset Management Inc now owns 4,872 shares of the company's stock worth $297,000 after buying an additional 206 shares during the period. Savant Capital LLC boosted its holdings in Bread Financial by 5.8% in the fourth quarter. Savant Capital LLC now owns 5,329 shares of the company's stock worth $325,000 after acquiring an additional 290 shares in the last quarter. Highland Capital Management LLC grew its stake in Bread Financial by 6.5% in the fourth quarter. Highland Capital Management LLC now owns 5,734 shares of the company's stock valued at $350,000 after acquiring an additional 350 shares during the period. Finally, Picton Mahoney Asset Management boosted its holdings in Bread Financial by 2,083.3% during the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock worth $32,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Price Performance

Shares of NYSE:BFH traded down $3.91 on Thursday, hitting $44.37. The company's stock had a trading volume of 438,212 shares, compared to its average volume of 909,776. The company has a market capitalization of $2.14 billion, a PE ratio of 7.99, a PEG ratio of 1.25 and a beta of 1.58. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. The company has a 50-day simple moving average of $52.97 and a 200 day simple moving average of $55.84. Bread Financial Holdings, Inc. has a 1 year low of $32.10 and a 1 year high of $66.71.

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Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. Sell-side analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Friday, February 14th. Bread Financial's payout ratio is currently 15.14%.

Bread Financial declared that its Board of Directors has approved a share repurchase program on Wednesday, March 5th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts recently weighed in on BFH shares. Barclays boosted their price target on shares of Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. The Goldman Sachs Group reduced their target price on Bread Financial from $68.00 to $58.00 and set a "sell" rating for the company in a report on Tuesday, March 18th. Morgan Stanley downgraded shares of Bread Financial from an "overweight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a report on Monday. Compass Point raised their target price on Bread Financial from $75.00 to $87.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Finally, JMP Securities restated a "market perform" rating on shares of Bread Financial in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $57.08.

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.