Assetmark Inc. Has $6.31 Million Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Assetmark Inc. lifted its stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,399 shares of the company's stock after buying an additional 5,320 shares during the period. Assetmark Inc. owned approximately 0.21% of Bread Financial worth $6,314,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. State Street Corp grew its position in shares of Bread Financial by 2.1% in the 3rd quarter. State Street Corp now owns 2,034,554 shares of the company's stock valued at $96,804,000 after buying an additional 41,012 shares during the last quarter. Geode Capital Management LLC boosted its stake in Bread Financial by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company's stock worth $55,012,000 after purchasing an additional 13,459 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Bread Financial by 30.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company's stock worth $53,353,000 after purchasing an additional 260,283 shares during the period. Pzena Investment Management LLC boosted its stake in Bread Financial by 38.2% during the 3rd quarter. Pzena Investment Management LLC now owns 880,827 shares of the company's stock worth $41,910,000 after purchasing an additional 243,419 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Bread Financial by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 730,531 shares of the company's stock worth $34,759,000 after purchasing an additional 13,484 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

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Bread Financial Price Performance

BFH traded down $0.61 on Friday, reaching $48.73. The company had a trading volume of 1,454,471 shares, compared to its average volume of 729,740. Bread Financial Holdings, Inc. has a one year low of $32.10 and a one year high of $66.71. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $59.66 and a 200-day moving average of $56.83. The company has a market capitalization of $2.39 billion, a P/E ratio of 8.78, a PEG ratio of 1.25 and a beta of 1.96.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.41 earnings per share 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%. As a group, equities research analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial declared that its board has authorized a stock buyback plan on Wednesday, March 5th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to buy up to 6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, February 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.72%. Bread Financial's dividend payout ratio (DPR) is 15.14%.

Wall Street Analyst Weigh In

BFH has been the subject of a number of recent research reports. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research note on Monday, February 3rd. Keefe, Bruyette & Woods increased their price target on shares of Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Barclays raised their target price 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. Morgan Stanley upgraded shares of Bread Financial from an "underweight" rating to an "overweight" rating and raised their target price for the stock from $35.00 to $76.00 in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group raised their target price on shares of Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $59.69.

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.