Convergence Investment Partners LLC Increases Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Convergence Investment Partners LLC boosted its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 53.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,120 shares of the company's stock after acquiring an additional 13,961 shares during the period. Convergence Investment Partners LLC owned 0.08% of Bread Financial worth $2,450,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in Bread Financial by 43.7% during the third quarter. CWM LLC now owns 2,455 shares of the company's stock valued at $117,000 after acquiring an additional 747 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in Bread Financial by 64.6% during the 3rd 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 position in shares of 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 buying an additional 558 shares during the last quarter. Choreo LLC bought a new stake in shares of Bread Financial during the fourth quarter valued at approximately $201,000. Finally, Diversified Trust Co bought a new stake in shares of Bread Financial during the fourth quarter valued at approximately $209,000. Institutional investors own 99.52% of the company's stock.

Bread Financial Trading Down 4.7 %

NYSE:BFH traded down $2.81 during mid-day trading on Friday, hitting $56.87. 582,505 shares of the stock traded hands, compared to its average volume of 662,738. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 1.31 and a beta of 1.93. Bread Financial Holdings, Inc. has a 52 week low of $32.10 and a 52 week high of $66.71. The firm's 50 day moving average is $61.80 and its two-hundred day moving average is $56.70. The company has a quick ratio of 1.19, a current ratio of 1.15 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.41 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%. On average, equities research analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Dividend Announcement

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 given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, February 14th. Bread Financial's dividend payout ratio (DPR) is presently 15.14%.

Wall Street Analyst Weigh In

Several brokerages have commented on BFH. The Goldman Sachs Group boosted their price target 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. Compass Point boosted 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. Barclays raised their price target on Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a report on Friday, January 31st. TD Cowen lifted their price objective on Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Finally, Keefe, Bruyette & Woods increased their target price on Bread Financial from $67.00 to $88.00 and gave the company 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 given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bread Financial presently has a consensus rating of "Hold" and an average target price of $59.69.

About Bread Financial

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.