New Age Alpha Advisors LLC bought a new stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,488 shares of the company's stock, valued at approximately $579,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management raised its position in Bread Financial by 2,083.3% during the fourth quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock valued at $32,000 after purchasing an additional 500 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Bread Financial by 207.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock valued at $86,000 after buying an additional 941 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in Bread Financial by 64.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company's stock valued at $125,000 after acquiring an additional 1,033 shares in the last quarter. KBC Group NV lifted its position in Bread Financial by 36.1% during the fourth quarter. KBC Group NV now owns 2,103 shares of the company's stock valued at $128,000 after purchasing an additional 558 shares during the period. Finally, Choreo LLC bought a new position in shares of Bread Financial in the 4th quarter worth approximately $201,000. Institutional investors own 99.52% of the company's stock.
Bread Financial Price Performance
NYSE:BFH traded down $2.88 during mid-day trading on Friday, hitting $41.94. 2,140,514 shares of the company's stock traded hands, compared to its average volume of 841,879. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $2.02 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 1.25 and a beta of 1.58. The firm's 50 day simple moving average is $54.80 and its 200 day simple moving average is $56.11. Bread Financial Holdings, Inc. has a 1 year low of $32.10 and a 1 year high of $66.71.
Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. Sell-side analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.
Bread Financial declared that its board has authorized a stock buyback program on Wednesday, March 5th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.
Bread Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were issued a $0.21 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.00%. Bread Financial's dividend payout ratio (DPR) is 15.14%.
Analysts Set New Price Targets
BFH has been the subject of several research reports. Compass Point increased their price objective on shares of Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Barclays boosted their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a research note on Friday, January 31st. Royal Bank of Canada boosted their target price on Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a research note on Friday, January 31st. The Goldman Sachs Group cut their price target on shares of Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a report on Tuesday, March 18th. Finally, JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Bread Financial presently has a consensus rating of "Hold" and an average target price of $60.67.
Check Out Our Latest Stock Analysis on Bread Financial
Bread Financial Profile
(
Free Report)
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.
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