Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC trimmed its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 121,659 shares of the company's stock after selling 5,610 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.24% of Bread Financial worth $7,428,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Bread Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 5,848,495 shares of the company's stock worth $357,109,000 after purchasing an additional 36,057 shares during the period. State Street Corp lifted its position in Bread Financial by 2.1% in the third 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. American Century Companies Inc. boosted its stake in Bread Financial by 6.8% during the fourth quarter. American Century Companies Inc. now owns 1,382,135 shares of the company's stock worth $84,393,000 after buying an additional 88,081 shares during the period. Geode Capital Management LLC increased its position in shares of Bread Financial by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company's stock valued at $55,012,000 after acquiring an additional 13,459 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Bread Financial by 30.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company's stock valued at $53,353,000 after acquiring an additional 260,283 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.

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Bread Financial Stock Down 6.4 %

NYSE BFH traded down $2.88 on Friday, hitting $41.94. 2,140,514 shares of the stock were exchanged, compared to its average volume of 841,879. Bread Financial Holdings, Inc. has a fifty-two week low of $32.10 and a fifty-two week high of $66.71. The company has a 50-day moving average price of $54.80 and a 200-day moving average price of $56.11. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.02 billion, a PE ratio of 7.56, a PEG ratio of 1.25 and a beta of 1.58.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates 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 anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial declared that its Board of Directors has approved a stock buyback plan on Wednesday, March 5th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, February 14th. Bread Financial's dividend payout ratio (DPR) is presently 15.14%.

Analysts Set New Price Targets

BFH has been the subject of a number of research analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price objective on Bread Financial from $67.00 to $88.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Barclays boosted their price objective on Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a report on Friday, January 31st. Compass Point raised their target price on Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Finally, 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 research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $60.67.

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.