Intech Investment Management LLC Raises Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Intech Investment Management LLC lifted its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 96.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,805 shares of the company's stock after purchasing an additional 72,204 shares during the period. Intech Investment Management LLC owned about 0.30% of Bread Financial worth $8,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BFH. Picton Mahoney Asset Management increased its stake in shares of Bread Financial by 2,083.3% in the fourth quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock worth $32,000 after purchasing an additional 500 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Bread Financial by 207.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock worth $86,000 after purchasing an additional 941 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Bread Financial by 64.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company's stock worth $125,000 after purchasing an additional 1,033 shares in the last quarter. KBC Group NV increased its stake 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 worth $128,000 after purchasing an additional 558 shares in the last quarter. Finally, Choreo LLC purchased a new stake in shares of Bread Financial in the fourth quarter worth $201,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

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Bread Financial Trading Up 0.5 %

Shares of Bread Financial stock traded up $0.26 during trading on Friday, hitting $50.04. The stock had a trading volume of 1,317,763 shares, compared to its average volume of 796,468. The stock has a market cap of $2.46 billion, a PE ratio of 9.02, a PEG ratio of 1.25 and a beta of 1.96. Bread Financial Holdings, Inc. has a 12 month low of $32.10 and a 12 month high of $66.71. The firm's fifty day simple moving average is $57.29 and its 200-day simple moving average is $56.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15.

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

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.68%. The ex-dividend date was Friday, February 14th. Bread Financial's dividend payout ratio is presently 15.14%.

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

Wall Street Analyst Weigh In

BFH has been the subject of a number of research reports. Royal Bank of Canada upped their target price on shares of Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. Morgan Stanley upgraded shares of Bread Financial from an "underweight" rating to an "overweight" rating and upped their target price for the stock from $35.00 to $76.00 in a research report on Thursday, December 19th. Barclays upped their target price on shares of Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a research report on Friday, January 31st. JMP Securities restated a "market perform" rating on shares of Bread Financial in a research report on Monday, February 3rd. Finally, Compass Point upped their target price on shares of Bread Financial from $75.00 to $87.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. 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 currently has an average rating of "Hold" and a consensus target price 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.