Bread Financial Holdings, Inc. (NYSE:BFH) Shares Bought by Amundi

Amundi increased its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 88.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,820 shares of the company's stock after acquiring an additional 15,883 shares during the quarter. Amundi owned about 0.07% of Bread Financial worth $2,005,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BFH. Smartleaf Asset Management LLC increased its holdings in shares of Bread Financial by 207.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock valued at $86,000 after acquiring an additional 941 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in Bread Financial by 64.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company's stock valued at $125,000 after purchasing an additional 1,033 shares during the period. KBC Group NV raised its holdings in shares of Bread Financial by 36.1% in the fourth quarter. KBC Group NV now owns 2,103 shares of the company's stock valued at $128,000 after buying an additional 558 shares during the last quarter. Choreo LLC acquired a new stake in shares of Bread Financial during the fourth quarter worth about $201,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Bread Financial in the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Trading Up 0.5 %

BFH stock traded up $0.26 on Friday, hitting $50.04. 1,283,835 shares of the company were exchanged, compared to its average volume of 799,091. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 1.25 and a beta of 1.96. The business's fifty day moving average is $57.44 and its two-hundred day moving average is $56.31. Bread Financial Holdings, Inc. has a twelve month low of $32.10 and a twelve month high of $66.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15.

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

Bread Financial announced that its board has initiated a share repurchase plan on Wednesday, March 5th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.84 annualized dividend and a yield of 1.68%. Bread Financial's dividend payout ratio is currently 15.14%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a research note on Tuesday. Compass Point boosted their price objective on shares of Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Barclays lifted their target price on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a report on Friday, January 31st. Royal Bank of Canada raised their price objective on shares of Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods boosted their target price on Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $59.69.

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.